Real Estate in Osaka, Japan
Last updated on Jul 13, 2024
Summary: Expats and retirees talk about real estate in Osaka, Japan? How do you find a home in Osaka? Should you buy or rent? What is the cost of housing?
What is a typical expat home or apartment like in Osaka?
"A typical expat home or apartment in Osaka is usually modern and compact, reflecting the efficient use of space in Japanese architecture. The living area often includes a combination of Western and Japanese styles, with a mix of traditional tatami mat flooring and contemporary furniture. The kitchen is typically small but functional, equipped with essential appliances like a refrigerator, stove, and sometimes a dishwasher. Bedrooms are usually minimalistic, often featuring futon beds that can be folded and stored away to maximize space. Bathrooms in these apartments are well-designed, often featuring high-tech toilets and deep soaking tubs. Many expat homes also come with a small balcony, which can be used for drying clothes or simply enjoying the view. Despite the compact size, these homes are designed for comfort and functionality, with storage solutions cleverly integrated into the design. In terms of location, expat homes are often situated in convenient areas, close to public transportation, shopping centers, and international schools. Some apartments may also offer additional amenities like a gym, a communal garden, or even a rooftop terrace. While the size and layout of expat homes in Osaka can vary, they all share a common trait of being well-designed, comfortable, and efficient. The blend of traditional and modern elements in these homes provides a unique living experience, reflecting the cultural richness of life in Japan," remarked one member in Osaka.
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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.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Osaka?
If you are thinking about moving to Osaka, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Osaka can vary greatly depending on the location and size of the property. For instance, in the city center, a one-bedroom apartment may cost around 80,000 to 100,000 yen per month, while a three-bedroom apartment can range from 200,000 to 250,000 yen. Outside the city center, the cost can be significantly lower, with a one-bedroom apartment costing around 50,000 to 70,000 yen and a three-bedroom apartment ranging from 120,000 to 150,000 yen per month. It's important to note that these are just averages and actual prices can be higher or lower," said one expat who made the move to Osaka.
Should I buy or rent a home in Osaka?
If you have not spent a lot of time in Osaka, 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 Osaka, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Osaka for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and potentially profit from the appreciation of the property's value. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and property taxes. It also requires a long-term commitment, as selling a home can take time and money. If you're not sure about your long-term plans or if you prefer not to deal with the responsibilities of homeownership, renting might be a better option. Renting a home in Osaka offers more flexibility. It's a good option if you're planning to stay in the city for a short period or if you're still exploring different neighborhoods before settling down. Renting also allows you to avoid the large upfront costs and ongoing responsibilities associated with homeownership. However, renting doesn't allow you to build equity or benefit from property appreciation. It can also be subject to annual rent increases. In conclusion, whether to buy or rent a home in Osaka depends on your financial situation, long-term plans, and personal preferences. It's important to carefully consider these factors and possibly consult with a real estate professional before making a decision," explained one person living in Osaka, Japan.
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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