Suggestion: Watch the 5 minutes video tutorial before reading this article
Tokyo is the financial hub and the most popular city for foreigners in Japan.
Due to its great size, prices differ much between different areas. It’s important that you study well in advance, before buying a property in this city.
In this article I explain the basics when buying property in Tokyo.
Property market in Tokyo
It might not come as a surprise that property prices and rental yields are highest in Tokyo, compared to other cities in Japan.
Tokyo is the capital, the largest city and the most popular city among foreigners.
It offers all the amenities and luxuries of modern life, and was ranked as the safest city in the world by The Safe Cities Index.
Dailymail has also listed Tokyo as the best city to live, leaving behind the major cities in Europe and North America.
Tokyo attracts more foreigners
Even when the native population is in decline, there is a significant increase in the number of foreigners living in Japan, mainly in Tokyo.
The past years, there’s been a big year-on-year increase of foreigners living in Japan, the numbers are currently the highest historically. Tokyo outperforms the average value in Japan with a couple of percentage points.
Personally, I’ve visited Nagoya, Kuwana, Osaka, Kyoto and Tokyo. I preferable like Tokyo and would probably move there, if I went to Japan.
At the moment I’m writing this article, almost 1/4 of all foreigners reside in the greater Tokyo area, which speaks for itself.