Real Estate in Nagoya, Japan
Last updated on Sep 11, 2024
Summary: Expats and retirees talk about real estate in Nagoya, Japan? How do you find a home in Nagoya? Should you buy or rent? What is the cost of housing?
How do I find a place to live in Nagoya?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"Finding a place to live in Nagoya, involves several steps. First, you need to determine your budget and the type of accommodation you're looking for. This could range from a shared apartment to a private house. Next, you should decide on the area you want to live in. Nagoya is a large city with many different neighborhoods, each with its own unique character. Some popular areas for expats include Sakae, Fushimi, and Osu. Once you've decided on your budget and preferred area, you can start searching for available properties. There are several online real estate portals that list properties for rent in Nagoya, such as SUUMO, Homes, and Athome. These websites allow you to filter properties by price, size, location, and other criteria. You can also visit real estate agencies in Nagoya. These agencies have English-speaking staff who can help you find a suitable property. Some well-known real estate agencies in Nagoya include Century 21 and Able. When you find a property you're interested in, you'll need to contact the landlord or real estate agency to arrange a viewing. If you decide to rent the property, you'll typically need to provide some documents, such as a copy of your passport and proof of income. In Japan, it's common to pay a deposit and key money (a non-refundable payment to the landlord) when you sign the lease. You'll also need to pay the first month's rent in advance. Finally, once you've signed the lease and paid all the necessary fees, you can move into your new home in Nagoya. Remember to register your new address at the local ward office within 14 days of moving in," remarked one member in Nagoya.
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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 Nagoya?
"A typical expat home or apartment in Nagoya, is often located in the city center or in close proximity to public transportation for easy commuting. These homes are usually modern, well-maintained, and come fully furnished with essential appliances such as a refrigerator, washing machine, and air conditioning. The size can vary, but most expat apartments are compact, featuring one or two bedrooms, a living area, a kitchen, and a bathroom. The kitchen is typically small with limited counter space, equipped with a stove and sometimes a dishwasher. The bathroom often includes a high-tech toilet and a separate area for a bath and shower. Some apartments may also have a small balcony for drying clothes or enjoying a bit of outdoor space. The living area is usually combined with the dining area, featuring minimalistic and functional furniture. The bedrooms are often equipped with futons or western-style beds, and storage space can be limited. In terms of the building amenities, many apartments offer features like bicycle parking, security systems, and sometimes communal spaces like a rooftop terrace or a garden. Despite the smaller size compared to Western standards, these homes are designed with efficiency and practicality in mind. The rent for these apartments can be quite high, especially in popular areas, and it's common for expats to pay additional fees for maintenance and management services. Overall, living in an expat home in Nagoya offers a comfortable and convenient lifestyle, with easy access to the city's amenities and attractions," remarked one member in Nagoya.
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 Nagoya?
If you are thinking about moving to Nagoya, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The average cost of housing in Nagoya can vary greatly depending on the location and size of the property. For a single person, a one-bedroom apartment in the city center may cost around 80,000 to 100,000 yen per month, while the same apartment outside the city center may cost around 50,000 to 70,000 yen. For larger families, a three-bedroom apartment in the city center can cost around 150,000 to 200,000 yen per month, while the same apartment outside the city center can cost around 100,000 to 150,000 yen. These prices can fluctuate based on factors such as proximity to public transportation and the overall condition of the apartment," explained one expat living in Nagoya, Japan.
Should I buy or rent a home in Nagoya?
If you have not spent a lot of time in Nagoya, 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 Nagoya, largely depends on your personal circumstances, financial situation, and long-term plans. If you plan to stay in Nagoya for a long period, buying a home could be a good investment. Owning a property allows you to build equity over time and could provide a sense of stability and permanence. However, buying a home also comes with significant upfront costs, including a down payment, closing costs, and property taxes. You would also be responsible for maintenance and repairs. If you're not ready for these financial commitments, or if you value flexibility and mobility, renting might be a better option for you. Renting a home in Nagoya can offer more flexibility, especially if you're not sure how long you'll be staying. It's generally easier to move from a rental than to sell a home, so if your job or lifestyle requires frequent moves, renting could be more convenient. Renting also allows you to avoid the costs and responsibilities of homeownership. However, renting doesn't build equity, and you may face restrictions on things like pets or renovations. Rent prices can also increase over time. In conclusion, whether you should buy or rent a home in Nagoya 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 financial advisor before making a decision," explained one person living in Nagoya, Japan.
About the Author
Joshua Wood, LPC joined Expat Exchange in 2000 and serves as one of its Co-Presidents. He is also one of the Founders of Digital Nomad Exchange. Prior to Expat 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.