How yen depreciation reshaped the math for foreign condo buyers
The yen lost roughly a third of its value against the US dollar between 2021 and 2024. For you, the foreign buyer looking at a Tokyo condo, that is not a…
Guides, insights, and market analysis for buying property in Japan
The yen lost roughly a third of its value against the US dollar between 2021 and 2024. For you, the foreign buyer looking at a Tokyo condo, that is not a…
Tokyo new condo prices crossed ¥100 million on average for 23-ward units in 2024. They kept climbing through 2025. You are now deciding whether to buy in 2026…
Since 2020, new condo prices in central Tokyo have climbed more than 30%. In the 23 wards (東京23区), the average new condo price crossed ¥100 million in 2023 for…
You are looking at two condos. One sits in Minato (港区) at ¥18 million per tsubo. The other sits in Kawasaki (川崎市), 28 minutes out, at ¥6 million per tsubo.…
The 23 wards (東京23区) are often discussed as one market. They are not. The per-square-meter price for a second-hand condo in Chiyoda (千代田区) can be more than…
You bought a condo in Tokyo. Maybe you live in it. Maybe you rent it out. Either way, the question matters before you sign: how do you sell it later?
You bought a condo in Tokyo. Or you are about to. The price tag was clear. The taxes after closing are not. This article maps the recurring tax burden you face…
You land in Tokyo. You start looking at condos. Two paths appear quickly: a glossy new tower (新築マンション) at ¥150 million, or a 1995 unit in the same ward at ¥65…
You see two condos in Minato (港区). Same size. Same year. One is priced ¥120M. The other is ¥78M. The cheaper one is leasehold (借地権). The other is freehold…
You are looking at a 45th-floor unit in Minato (港区). The view is unreal. The brochure is glossy. The monthly fees look manageable. You sign.
You live in Tokyo. Or you live in Singapore, London, New York. You want a condo in Japan. Then you hit the wall: the seller's agent asks for your hanko (印鑑),…
You bought a condo in Tokyo. Or you are about to. The bank asks for fire insurance (火災保険). The agent mentions earthquake insurance (地震保険) almost as an…
You found a used condo in Tokyo. The price looks reasonable. The view is good. The seller is an individual, not a developer. Before you sign, you need to…
You walk into a Tokyo brokerage. The agent shows you a listing. You like it. You sign. What you may not realize: that same agent is also representing the…
You are about to sign a contract worth tens of millions of yen. The person guiding you through it is paid by commission. That is not a problem by itself. It…
Buying a condo in Japan is not like buying one in New York, London, or Singapore. The contract structure is different. The disclosure culture is different. The…
When you buy a condo in Tokyo, three things sit on the same table: the disaster risk of the land, the insurance you can buy against it, and the long-term…
You are looking at two condos in Tokyo. One is 8 years old. One is 32 years old. The price gap is large. The risk gap is larger — but not in the direction most…
SUUMO (スーモ) is the largest residential listing portal in Japan. For most foreign buyers in Tokyo, it is the first stop. It is also a marketing surface, not a…
Every condo buyer in Japan eventually hears the same three words from their agent: "That's the market price."
## The price you pay is only half the game
## Who, in your life, can actually tell you "don't buy this"?
## A question for American and global buyers in Tokyo
You're considering buying a condominium in Japan. The broker says the price is "in line with the market." You ask why. The answer: "It matches the local…
You are considering a condominium purchase. Sooner or later, you hit the same question every buyer in Japan confronts:
You've found the apartment. The listing says ¥49.8 million. You ask the agent if there's room to negotiate. The answer comes back: "Maybe we can shave off…
You've found the perfect apartment in Tokyo. The walk-up is cozy. The neighborhood is vibrant. The price is reasonable by Tokyo standards. Then your r
Moving your family to Tokyo is exciting but requires careful consideration of where you'll actually live. Unlike choosing a neighborhood back home, To
When you're preparing to rent or buy property in Japan, the financial landscape looks dramatically different from what you're used to in North America
The Tokyo condo market in 2026 stands at an inflection point. Interest rates have stabilized after years of historic lows, new regulations around fore
Japan has become an increasingly attractive market for foreign property buyers. Unlike many countries, Japan places remarkably few restrictions on non
You found a condo in a bustling area. Train station nearby. Shops everywhere. People on the streets. It feels safe to buy here — demand is strong, prices…
You've found a condo you like. The agent says the price is "in line with the market." You nod. You trust. You move forward.
You've found a condo you like. The floor plan works. The station is close. The price fits your budget. So far, so good.
You checked the hazard map before making an offer on that condo. Good. But here's the problem: a hazard map shows you what could happen at a location. It does…