We will use the past six months of analysis data on the Osaka Real Estate Market trends to familiarize you with the economic climate before you make your investment decision.
After a long recession, there are signs that the real estate market is regaining its pre-COVID stability. According to a report from a popular real estate browsing platform, while pressure remains strong, there is demand, particularly for high-priced condominiums. It is expected that the low-interest-rate environment will continue even after changes in monetary policy, and the second-hand housing market is anticipated to remain stable for the time being.
Property values vary dramatically by area, but if you are considering purchasing a property with a higher return rate, you might focus on areas such as Nishinakajima and Mikuni in Yodogawa Ward for a closer look.
According to the 2023 residential land and detached house sales evaluation, the wards where sales showed improvement were Asahi Ward (+8.4%), Ikuno Ward (+3.8%), Nishi Ward (+22.2%), Taisho Ward (+10.4%), Tsurumi Ward (+3.2%), and Naniwa Ward (Nanba and Shinsaibashi areas) (+15.6%).
For condominium unit sales, the situation is similar. Significant growth has been observed in Joto, Ikuno, Tsurumi, Nishinari, Higashi Sumiyoshi, and Naniwa Wards.
One notable trend this year is the growing popularity of investing in one-room condominium units, as they are easily leased and have lower maintenance costs compared to family-sized apartments. It is not surprising that prices for one-room units in Osaka rose by 0.47%. The average floor area for one-room units on sale in Kita Ward was 41.26㎡, showing a decrease since 2022.
Shifts may occur with the progress of construction projects scheduled for completion between 2024 and 2026. Many new office and hotel buildings will offer units for sale and rent, and total district renovation projects are also underway. The Osaka Nanba/Shinsaibashi and Umeda areas will be particularly affected by this post-pandemic, business-oriented property construction boom. With the addition of the Kita Umeda station project, this may influence both property values and the range of areas most popular with tenants.
One constant is the popularity of hotel and private lodging properties. In April 2024, more than 3 million people from around the world visited Japan, a 4% increase compared to 2019. Both inbound and outbound tourists create high demand for various types of lodging, making investment in hotel leasing and private lodging properties quite beneficial.
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