Which region in Japan should you invest in?

Is Japanese real estate expensive in the world? cheap?

International comparison with Buying price/Sqm($) in Global Property Guide.
Ref https://www.globalpropertyguide.com/country-comparison

The result was $16,322/Sqm in Japan. Japan is 70.4% compared to Monaco
It was 42.8% cheaper than Hong Kong and 37.8% cheaper than UK.

The following 6 countries have higher Buying price/Sqm than Japan.

Monaco $55,207
Hong Kong $28,570
UK $26,262
US $17,191
Israel $17,149
Switzerland $16,467

But what about yield?
Ref https://www.globalpropertyguide.com/investment-rating

The average Gross Rental Yield in Japan is 2.66%.
Looking at it in Asia, Europe, America, North America, etc.,
you can see that it is neither high nor low.

China 2.1%
Hong Kong 2.35%
India 2.32%
Indonesia 7.09%
Malaysia 3.72%
Philippines 6.13%
Singapore 3.3%
Taiwan 2.06%
Thailand 5.13%
Vietnam 4.33%

Let's take a look at Europe

France 2.79%
Germany 2.95%
Italy 3.92%
Spain 4%
Switzerland 3.1%
UK 2.76&

North America

Canada 3.91%
United States 2.91%

So which region in Japan should you invest in?
Let's look at the official land price in 2022 as a material to judge it.

Let's look at the official land price in 2022 as a material.

Ref: Ministry of Land, Infrastructure, Transport and Tourism public price
https://www.mlit.go.jp/totikensangyo/totikensangyo_fr4_000043.html

Looking at the standard land price average price, you can see that Tokyo is overwhelmingly expensive.

1st Tokyo: 1,120,000 yen/sqm
2nd Osaka 310,000 yen/sqm
3rd Kyoto 260,000 yen/sqm
4th Kanagawa Prefecture 260,000 yen/sqm

Looking at the change rate from last year, it is as follows

1st Hokkaido 3.92%
2nd Fukuoka 3.53%
3rd Miyagi 2.67%
4th Aichi 1.2%

Summary
>Buying price/Sqm($) in Japan is $16,322/Sqm, Gross Rental Yield is 2.66%
　However, when looking at individual properties, there are many properties with yields exceeding 10%.

In addition to Tokyo, the capital of Japan, the areas for investment include Osaka, which will host the World Expo in 2025 and has the second highest land price after Tokyo.In addition, we could check Hokkaido and Fukuoka.

Please, feel free to contact me if you have any questions about real estate
brokerage in Japan, such as for investment, residence, or business.

Taishi Nakazawa
taishi.nakazawa@i-interface.com
+81-90-6945-9776