Tokyo, Japan
Property prices · 2024 · Asia
Property price trend in Tokyo (2024–2026)
Property comparison — cities in Japan (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Tokyo |
|---|---|---|---|---|
| Tokyo | JPY 1,200,000 | JPY 750,000 | JPY 150,000 | — |
| Yokohama | JPY 950,000 | JPY 680,000 | JPY 130,000 | -20.8% |
| Osaka | JPY 780,000 | JPY 480,000 | JPY 100,000 | -35% |
| Nagoya | JPY 720,000 | JPY 520,000 | JPY 105,000 | -40% |
| Fukuoka | JPY 600,000 | JPY 430,000 | JPY 88,000 | -50% |
| Sapporo | JPY 450,000 | JPY 320,000 | JPY 72,000 | -62.5% |
Other Asia cities (2024)
Frequently asked questions
How much does property cost in Tokyo in 2024?
In Tokyo, the average price per sqm in the city centre is JPY 1,200,000, and JPY 750,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Tokyo in 2024?
A 1-bedroom apartment in Tokyo rents for approximately JPY 150,000 per month in 2024. A 3-bedroom apartment costs around JPY 280,000/month.
Is it better to buy or rent in Tokyo?
Renting is generally more cost-effective in Tokyo. The price-to-rent ratio is 35.0x — it would take approximately 35.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 1.50%.
What are mortgage rates in Japan in 2024?
The average mortgage rate in Japan is approximately 1.50% as of 2024. With a price-to-rent ratio of 35.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Tokyo?
The average property price per square metre in Tokyo city centre is JPY 1,200,000 in 2024. Outside the centre, expect to pay around JPY 750,000/sqm.