fbpx

Akasaka Azabu

How much is a house in Kyoto?
  • Date Published: April 30, 2024

Are you mulling over purchasing a house in Kyoto? Grasping the real estate market and the value of residences in this stunning city is crucial. With its prolific cultural legacy, Kyoto draws in both local and international purchasers, resulting in elevated demand and escalating property values.

According to data from June to August 2020, the average listing price of a 100-sqm resale house in Kyoto is ¥27,800,000 ($261,000). However, the average price varies by ward, with the highest in Higashiyama Ward at ¥41,770,000 ($392,000) and the lowest in Yamashina Ward at ¥13,110,000 ($123,000).

The scarcity of available housing in Kyoto has driven prices up, making it challenging for average households to afford homes. Many properties are bought for investment purposes and left vacant, further reducing the supply of available housing options.

Key Takeaways:

  • The average listing price of a 100-sqm resale house in Kyoto is ¥27,800,000 ($261,000).
  • Higashiyama Ward has the highest average price at ¥41,770,000 ($392,000), while Yamashina Ward has the lowest at ¥13,110,000 ($123,000).
  • Demand for properties in Kyoto is high, leading to rising prices and a limited supply of available housing.
  • Kyoto is attracting interest from overseas buyers, particularly from China and Hong Kong.
  • The Kyoto city government plans to introduce a tax on vacant homes to incentivize property owners to sell or rent out their properties.

Now that you have a better understanding of Kyoto’s housing market and the cost of houses in the city, you can make a more informed decision about buying a property in this vibrant and culturally rich destination.

If you need assistance navigating Japan’s property market, email us at AkasakaAzabu.com for a FREE consultation. We specialize in Tokyo luxury real estate and can provide bespoke services to ensure a seamless experience for foreigners seeking properties in Japan.

Property Prices in Different Wards of Kyoto

The housing market in Kyoto offers a range of property prices across its various wards. Whether you’re looking for a luxury home or a more affordable option, Kyoto has something to suit every budget. Here is a breakdown of the average listing prices for resale houses in each ward:

Ward Average Listing Price (¥) Average Listing Price ($)
Kita Ward 24,740,000 232,000
Kamigyo Ward 34,580,000 325,000
Sakyo Ward 34,600,000 326,000
Nakagyo Ward 32,400,000 304,000
Higashiyama Ward 41,770,000 392,000
Shimogyo Ward 37,090,000 348,000
Minami Ward 21,790,000 204,000
Ukyo Ward 22,560,000 211,000
Fushimi Ward 18,310,000 172,000
Yamashina Ward 13,110,000 123,000

These prices give you an indication of the average listing prices in different wards of Kyoto. Keep in mind that the prices may vary based on factors such as location, size, and condition of the property.

In addition to the average listing prices, it’s important to consider other factors such as amenities, accessibility, and proximity to popular attractions when choosing a property in Kyoto. The diverse range of neighborhoods and architectural styles in Kyoto offer unique and appealing options for buyers.

If you’re interested in buying a house in Kyoto or have any questions about the local housing market, feel free to reach out to us for a free consultation. Our team at AkasakaAzabu.com is dedicated to helping foreigners navigate Japan’s property market and find their dream home in Kyoto.

Examples of Houses for Sale in Kyoto

In Kyoto, there are various types of properties available for sale at different price points. Whether you are looking to buy a house, invest in property, or find a second home, Kyoto offers a range of options to suit your needs and preferences.

Machiya Traditional-Style House in Shimogyo Ward

If you are a fan of traditional Japanese architecture, you may be interested in a renovated machiya house located in Shimogyo Ward. This charming property is listed at ¥22,800,000 ($214,000). It combines the elegance of traditional design with modern amenities, offering a unique living experience.

Renovated 1LDK Apartment in Nakagyo Ward

For those looking for a more modern and convenient living space, a renovated 1LDK apartment in Nakagyo Ward may be the perfect fit. Situated near Karasuma-Shijo, this apartment is priced at ¥33,800,000 ($318,000). Its prime location provides easy access to amenities and transportation, making it an ideal choice for urban dwellers.

4LDK House near the Kamo River in Higashiyama Ward

If you are searching for a spacious family home with beautiful surroundings, consider a 4LDK house near the Kamo River in Higashiyama Ward. This property offers ample living space and a serene environment, perfect for enjoying the natural beauty of Kyoto. It is listed at ¥45,000,000 ($423,000).

These examples demonstrate the range of prices and property types available in Kyoto. Whether you prefer traditional Japanese houses or modern apartments, there is something for everyone in the Kyoto real estate market.

Property Location Price (¥) Price ($)
Renovated Machiya House Shimogyo Ward 22,800,000 214,000
Renovated 1LDK Apartment Nakagyo Ward 33,800,000 318,000
4LDK House Higashiyama Ward 45,000,000 423,000

Demand from Overseas Buyers

Kyoto is attracting significant interest from overseas buyers, especially from China and Hong Kong, who are looking to invest in the city’s real estate market. These buyers see value in the rich history and culture of Kyoto, making it an appealing investment opportunity. The weaker yen is also contributing to the growing interest from overseas buyers, as properties in Kyoto are considered relatively underpriced compared to major cities in China.

Many overseas buyers are acquiring entire apartment houses in downtown Kyoto, with prices ranging from ¥200,000,000 to ¥500,000,000 ($1.9 million to $4.7 million). This influx of foreign investment is driving up property prices in Kyoto and adding to the city’s vibrant real estate market.

One of the main reasons for the appeal of Kyoto to overseas buyers is its historical and cultural significance. The city is famous for its numerous temples, shrines, and traditional Japanese architecture, attracting tourists and investors alike. Kyoto’s charm, combined with its stability and potential for growth, makes it an attractive destination for those looking to invest in property.

Kyoto stands out as a unique investment opportunity, offering a blend of traditional and modern living in a city renowned for its beauty and heritage.

Additionally, the weaker yen has made properties in Kyoto relatively more affordable for overseas buyers, especially when compared to major Chinese cities like Beijing, Shanghai, and Hong Kong. The exchange rate advantage, combined with the intrinsic value of Kyoto real estate, provides a compelling proposition for foreign investors.

Benefits of Investing in Kyoto Real Estate:

  • Strong demand from both local and international tenants, ensuring a stable rental income
  • Low vacancy rates, indicating a consistent and robust rental market
  • Potential for capital appreciation due to the scarcity of available properties
  • Steady influx of tourists, providing short-term rental opportunities
  • Diversification of investment portfolio through exposure to the Japanese real estate market

As demand from overseas buyers continues to grow, Kyoto’s real estate market is expected to remain vibrant and lucrative. However, it is important for potential investors to thoroughly research and consult with local experts to navigate the complexities of the Japanese property market.

Whether you are an overseas buyer or a local resident, investing in Kyoto’s real estate market requires careful consideration and guidance. At AkasakaAzabu.com, we specialize in helping foreigners navigate Japan’s property market and find their ideal luxury real estate in Tokyo. Contact us today for a FREE Consultation and let us assist you in making a well-informed investment decision.

Rising Apartment Prices in Kyoto

The real estate market in Kyoto has seen a significant increase in apartment prices, surpassing other urban areas in Japan. In fiscal 2021, the average price per square meter for new apartment buildings in Kyoto reached ¥865,000 ($8,140), marking a 28% surge compared to the figures from fiscal 2018. This upward trend can be attributed to the high demand, limited supply, and the allure of Kyoto as a cultural and historical destination.

The rising apartment prices have posed challenges for residents looking to purchase homes in Kyoto. The cost of living and affordability of properties have become increasingly difficult for ordinary denizens to manage.

With a scarcity of available housing and a growing population, the demand for apartments has surged, driving up prices in the city. The attractiveness of Kyoto as a vibrant and historically significant city has also contributed to the upward trajectory of apartment prices.

To illustrate the extent of this price surge, the following table presents a comparison of average price per square meter for new apartment buildings in Kyoto:

Year Average Price per Square Meter (¥) Average Price per Square Meter ($)
Fiscal 2018 ¥675,000 $6,350
Fiscal 2019 ¥750,000 $7,050
Fiscal 2020 ¥810,000 $7,630
Fiscal 2021 ¥865,000 $8,140

This surge in apartment prices highlights the need for careful consideration and financial planning when purchasing property in Kyoto. Prospective buyers, especially those interested in investment properties, should analyze market trends and consider working with real estate professionals who have expertise in Kyoto’s property market.

apartment prices in Kyoto

The Impact of Scarcity on Housing Market

The scarcity of available housing in Kyoto has had a significant impact on the local housing market. With limited supply and high demand, property prices in Kyoto have been soaring, making it increasingly difficult for average households to afford homes in the city.

The housing market in Kyoto is facing a challenge due to the imbalance between supply and demand. The city-wide average listing price for a 100-sqm resale house in Kyoto is ¥27,800,000 ($261,000). However, this average price varies by ward, with the highest average listing price in Higashiyama Ward at ¥41,770,000 ($392,000) and the lowest in Yamashina Ward at ¥13,110,000 ($123,000).

Some apartments and houses are being purchased for investment purposes and left vacant, further exacerbating the scarcity of housing options. This trend has contributed to the rising prices and challenges faced by those who aspire to buy homes and establish permanent residence in Kyoto.

To address this issue, the city government has recognized the need for intervention and plans to introduce a tax on vacant homes. This measure aims to encourage the circulation of real estate properties by incentivizing property owners to either sell or rent out their vacant properties. The implementation of this tax is expected to increase the housing supply and create a more balanced and affordable housing market in Kyoto.

Ward Average Listing Price
(100-sqm Resale House)
Higashiyama Ward ¥41,770,000
Shimogyo Ward ¥37,090,000
Kamigyo Ward ¥34,580,000
Sakyo Ward ¥34,600,000
Nakagyo Ward ¥32,400,000
Kita Ward ¥24,740,000
Ukyo Ward ¥22,560,000
Minami Ward ¥21,790,000
Fushimi Ward ¥18,310,000
Yamashina Ward ¥13,110,000

Kyoto’s Plan to Tax Vacant Homes

In an effort to address the scarcity of available housing and prevent a possible exodus of young people from Kyoto, the city government plans to introduce a tax on vacant homes. The aim is to incentivize property owners to sell or rent out their vacant properties, thereby increasing the housing supply and preventing residents from leaving the city.

The tax, scheduled to be implemented in fiscal 2026, will be imposed on unoccupied homes, including those owned for investment purposes. By introducing this tax, the government hopes to discourage the practice of purchasing properties for investment and leaving them vacant, as this further exacerbates the shortage of housing options in Kyoto.

The tax revenues from this new measure are expected to be around ¥860 million ($8.1 million) in the first fiscal year. These funds will be used by the city government to implement initiatives that support affordable housing and improve the overall housing market in Kyoto.

Benefits of the Vacant Home Tax:

  • Increases the available housing supply in Kyoto
  • Encourages property owners to sell or rent out their vacant properties
  • Discourages the investment strategy of purchasing properties for speculative purposes
  • Generates tax revenue to fund affordable housing initiatives

By implementing this vacant home tax, the city government aims to create a more sustainable and inclusive housing market in Kyoto. This measure aligns with their goal of providing affordable housing options to residents and ensuring that the city continues to thrive as a desirable place to live.

“The introduction of the vacant home tax is a step towards addressing the housing shortage in Kyoto and creating a more balanced housing market. By incentivizing property owners to put their vacant properties on the market, we hope to increase the housing supply and provide more affordable options for residents.” – Kyoto City Government

investment property Kyoto

Benefits of the Vacant Home Tax Implementation Schedule
Increases housing supply Scheduled for fiscal 2026
Encourages property owners to sell or rent out vacant properties First fiscal year revenue expected to be ¥860 million ($8.1 million)
Discourages speculative property investment
Generates tax revenue for affordable housing initiatives

Kyoto’s Appeal to Overseas Buyers

Kyoto has long been a popular destination for overseas buyers, particularly from China and Hong Kong. Its rich history, culture, and attractions have made it an appealing place to invest in property. Many overseas buyers purchase properties in Kyoto for temporary stays, investment purposes, or as second homes. The appeal is also enhanced by the relatively lower prices of properties in Kyoto compared to major cities in China. The weaker yen has also contributed to the interest from overseas buyers.

In fact, the allure of Kyoto for overseas buyers has led to a significant increase in investment in the city’s real estate market. According to recent data, the number of property transactions involving overseas buyers has been steadily rising over the past few years, with a notable spike in interest from Chinese and Hong Kong investors.

“Kyoto offers a unique opportunity for overseas buyers to own a piece of Japanese history and immerse themselves in the city’s rich cultural heritage. The relatively lower property prices in Kyoto compared to major Chinese cities make it an attractive investment opportunity,” says Hiroshi Tanaka, a real estate agent specializing in international transactions.

One of the main factors contributing to the appeal of Kyoto for overseas buyers is its status as a UNESCO World Heritage site. The city’s numerous temples, shrines, and traditional Machiya townhouses attract tourists and investors alike. Additionally, Kyoto’s reputation as a center for traditional Japanese arts, tea ceremonies, and geisha culture adds to its unique charm.

Investment Opportunities in Kyoto

Overseas buyers are drawn to Kyoto for its potential as an investment property market. The relatively lower property prices and the city’s strong rental demand make it an attractive choice for those looking to generate rental income. Many overseas investors opt for traditional Machiya townhouses, which can be renovated and rented out as vacation rentals or guesthouses.

Furthermore, the weak yen has made Kyoto properties even more affordable for overseas buyers, making it a golden opportunity for savvy investors. The potential for capital appreciation coupled with rental income makes investing in Kyoto’s real estate market an enticing proposition.

The Future of Kyoto’s Real Estate Market

The growing interest from overseas buyers in Kyoto’s real estate market is expected to continue. As more international buyers recognize the value and potential of investing in Kyoto, the demand for properties is likely to increase further. This has the potential to drive property prices up, making it an opportune time to invest before prices rise significantly.

However, it is important to note that regulations surrounding property ownership and rental income in Japan can be complex for overseas buyers. It is advisable to seek professional guidance from a reputable real estate agency specializing in international transactions to navigate the process smoothly.

Challenges and Solutions in Kyoto’s Housing Market

The housing market in Kyoto faces several challenges that make it difficult for average households to afford homes in the city. These challenges include limited supply, high demand, rising prices, and a scarcity of affordable properties.

The limited supply of housing options in Kyoto is a major contributing factor to the rising property prices. The city’s popularity as a cultural and historical destination has led to a high demand for housing, but the supply has not kept up with the growing population and influx of tourists.

The high demand and limited supply have resulted in increased competition for available properties, driving up prices. As a result, many average households find it challenging to purchase a home within their budget.

To address these challenges, the city government of Kyoto is implementing measures to encourage property circulation and increase the housing supply. One such initiative is the introduction of a tax on vacant homes. This tax is designed to incentivize property owners to sell or rent out their vacant properties, thereby increasing the number of available homes.

Additionally, the government plans to step up its efforts to create a more affordable living environment for residents, particularly young people. This includes exploring innovative solutions to make housing more accessible and affordable, as well as providing support for families looking to raise children in the city.

By implementing these measures, the city government aims to create a balance between supply and demand in the housing market, making it easier for average households to afford homes in Kyoto.

While these solutions are promising, it will take time to see their full impact on the housing market in Kyoto. However, the government’s commitment to addressing the challenges and providing affordable housing options is a step in the right direction.

Challenges:

  • Limited supply of housing options
  • High demand for properties
  • Rising property prices
  • Scarcity of affordable properties

Solutions:

  • Implementation of a tax on vacant homes
  • Exploration of innovative solutions to make housing more accessible and affordable
  • Support for families looking to raise children in Kyoto
Challenge Impact Solution
Limited supply of housing options Increased competition and higher prices Implementation of a tax on vacant homes
High demand for properties Difficulty for average households to afford homes Exploration of innovative solutions to make housing more accessible and affordable
Rising property prices Financial burden on potential buyers Support for families looking to raise children in Kyoto
Scarcity of affordable properties Limited options for budget-conscious buyers

Conclusion

The housing market in Kyoto faces ongoing challenges due to limited supply, high demand, and rising prices. The average listing price of houses varies across different wards, with Higashiyama Ward boasting the highest average price. The city has also attracted significant interest from overseas buyers, particularly from China and Hong Kong, who see Kyoto as an attractive investment opportunity.

To tackle the scarcity of available housing and prevent residents from leaving, the city government is implementing measures such as a tax on vacant homes. By incentivizing property owners to sell or rent out their unused properties, these measures aim to increase the housing supply and create a more affordable living environment for residents in Kyoto.

Despite these challenges, Kyoto’s rich history, culture, and attractions continue to draw attention from both domestic and international buyers. As the housing market evolves, it is crucial for prospective buyers and investors to stay informed and work with experienced professionals who can guide them through the complexities of the Kyoto real estate market.

FAQ

How much is the average price of a house in Kyoto?

The average listing price of a 100-sqm resale house in Kyoto is ¥27,800,000 ($261,000).

What are the housing prices like in different wards of Kyoto?

The average listing price of resale houses varies by ward in Kyoto. The highest average price is in Higashiyama Ward at ¥41,770,000 ($392,000), while the lowest is in Yamashina Ward at ¥13,110,000 ($123,000).

Can you provide examples of houses for sale in Kyoto?

Sure! Some examples of available properties include a renovated machiya traditional-style house in Shimogyo Ward listed at ¥22,800,000 ($214,000), a renovated 1LDK apartment in Nakagyo Ward priced at ¥33,800,000 ($318,000), and a 4LDK house near the Kamo River in Higashiyama Ward listed at ¥45,000,000 ($423,000).

Is there interest from overseas buyers in Kyoto’s housing market?

Yes, Kyoto is attracting interest from overseas buyers, particularly from China and Hong Kong. Many overseas buyers are purchasing entire apartment houses in downtown Kyoto for prices ranging from ¥200,000,000 to ¥500,000,000 ($1.9 million to $4.7 million).

How are apartment prices in Kyoto trending?

Apartment prices in Kyoto have been rising, with a particular surge compared to other urban areas in Japan. In fiscal 2021, the average price per square meter for new apartment buildings in Kyoto was ¥865,000 ($8,140), a 28% increase from the pre-pandemic figure in fiscal 2018.

How does scarcity impact Kyoto’s housing market?

The scarcity of available housing in Kyoto has led to rising prices and challenges for those who want to buy homes and live permanently in the city. Limited supply and high demand have made it difficult for average households to afford homes.

What is Kyoto’s plan to address the scarcity of housing?

The city government plans to introduce a tax on vacant homes in fiscal 2026. This tax will be imposed on unoccupied homes, including those owned for investment purposes, to encourage property owners to sell or rent out their vacant properties and increase the housing supply.

Why is Kyoto appealing to overseas buyers?

Kyoto’s rich history, culture, and attractions make it an appealing place to invest in property for overseas buyers. The relatively lower prices of properties compared to major cities in China, along with the weaker yen, contribute to the interest from overseas buyers.

What are the challenges and solutions in Kyoto’s housing market?

The challenges in Kyoto’s housing market include limited supply, high demand, rising prices, and a scarcity of affordable properties. The city government is implementing measures such as a tax on vacant homes to encourage property circulation and increase the housing supply.

What is the current situation in Kyoto’s housing market?

The housing market in Kyoto continues to face challenges due to limited supply, high demand, and rising prices. The average listing price of houses varies by ward, with Higashiyama Ward having the highest average price.

Source Links

Ready to Discover Your Dream Property in Japan? Connect with Us!

Captivated by the allure of Japan's luxury real estate? If you're contemplating an investment or simply wish to explore your options, AkasakaAzabu.com is your ideal partner. Our dedicated team, fluent in over 10 languages, is committed to providing you with tailored guidance and expert advice.

Get in Touch with Us Now to embark on your journey towards finding the perfect luxury property in Japan. From exclusive urban residences to serene countryside estates, our extensive collection and multicultural expertise are at your service.

Compare Listings