Real Estate in Nara, Japan
Last updated on Oct 11, 2024
Summary: Expats and retirees talk about real estate in Nara, Japan? How do you find a home in Nara? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Nara?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Nara involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a traditional Japanese house to a modern apartment. Next, you should research different neighborhoods in Nara to find one that suits your lifestyle and needs. Consider factors such as proximity to public transportation, shops, restaurants, and parks. Once you have a general idea of where you'd like to live, you can start searching for available properties. Websites like Suumo, Homes, and Athome are popular real estate portals in Japan that list rental properties. These websites allow you to filter search results based on location, price, size, and other features. You can also visit real estate agencies in Nara. Agents can provide you with information about available properties and arrange viewings. They can also help you understand the terms of the lease agreement. When you find a property you're interested in, you'll need to submit an application. This typically involves providing proof of income and a copy of your passport. Once your application is approved, you'll need to pay a deposit and possibly key money, which is a non-refundable payment to the landlord. Finally, you'll sign the lease agreement. Be sure to read it carefully and ask any questions you may have. Once the lease is signed, you can move into your new home in Nara. Remember, finding a place to live in a foreign country can be challenging, so it's important to be patient and flexible during your search," remarked one foreigner who made the move to Nara.
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SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What is a typical expat home or apartment like in Nara?
"A typical expat home or apartment in Nara, is often a blend of traditional Japanese aesthetics and modern conveniences. The living space is usually compact and efficiently designed, reflecting the Japanese principle of simplicity. The apartment may feature a combination of Western-style bedrooms and Japanese-style rooms with tatami mat flooring. The kitchen is typically small but functional, equipped with essential appliances like a refrigerator, stove, and microwave. Bathrooms in Japan are often a unique experience for expats, as they usually consist of a separate shower room and a high-tech toilet with multiple functions. The living room is often minimalistic, with a low table and floor cushions instead of a traditional Western-style sofa and chairs. Many apartments also feature a small balcony, which can be used for drying clothes or simply enjoying the view. Despite the compact size, Japanese homes are known for their clever storage solutions, so expats will find plenty of space to store their belongings. In terms of location, expat homes in Nara are often situated in convenient areas close to public transportation, shopping centers, and schools. Some may even be lucky enough to have views of Nara's famous deer park or historic temples. Despite being in the city, the residential areas maintain a peaceful and quiet atmosphere, allowing expats to enjoy a comfortable and serene living environment," said one expat who made the move to Nara.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Nara?
If you are thinking about moving to Nara, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Nara can vary greatly depending on the location and size of the property. For a single-family home in the city center, prices can be quite high, while apartments and condos may be more affordable. On average, you can expect to pay a moderate amount for a one-bedroom apartment in the city center, while the same kind of apartment outside the city center would cost significantly less. Prices for larger apartments or houses would be correspondingly higher," explained one expat living in Nara, Japan.
Should I buy or rent a home in Nara?
If you have not spent a lot of time in Nara, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"The decision to buy or rent a home in Nara, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Nara for a long period, buying a home could be a good investment. Owning a home allows you to build equity over time and could potentially provide a return on investment if property values increase. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and property taxes. You'll also be responsible for ongoing costs like maintenance and repairs. If you're not prepared for these expenses, or if you're unsure about your long-term plans, renting might be a better option. Renting a home in Nara offers more flexibility. It's a good option if you're planning to stay for a shorter period or if you prefer not to deal with the responsibilities of homeownership. Renting can also be more affordable in the short term, as you won't need to come up with a large sum of money for a down payment. However, renting doesn't allow you to build equity, and you won't benefit from any increases in property values. You'll also be subject to the terms of your lease and the rules set by your landlord. In conclusion, whether you should buy or rent a home in Nara depends on your financial situation, how long you plan to stay, and your personal preferences. It's important to carefully consider these factors and possibly consult with a real estate professional before making a decision," said one person in Nara.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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