Tokyo property prices: Japan's most expensive market
Tokyo dominates the Japanese market by value: prices per m² are well above Kyoto or Osaka, especially in central wards (Shibuya, Minato, Chiyoda), and the average new apartment passed 91M yen in 2025. Supply is dominated by apartments (mansion) rather than detached houses, with a high share of recent builds meeting the latest seismic codes. For details by type and ward: buying an apartment in Japan, which Tokyo wards to buy in and buying an apartment in Tokyo: prices.
Airbnb regulation
The national baseline applies: minpaku (Private Lodging Business Act) capped at 180 nights a year, unless a ryokan-gyo licence (365 days) is obtained. Some Tokyo wards (Ōta-ku, with its own Tokku zone) have their own local ordinances to check case by case.
A few listings in Tokyo
House in Tokyo
Tokyo · 西多摩郡
¥5 000 000 $32,051
House in Tokyo
Tokyo · 西多摩郡
¥2 300 000 $14,744
House in Tokyo
Tokyo · 西多摩郡
¥3 000 000 $19,231
House in Tokyo
Tokyo · 西多摩郡
¥15 000 000 $96,154
House in Tokyo
Tokyo · 西多摩郡
¥2 000 000 $12,821
House in Tokyo
Tokyo · 西多摩郡
¥4 300 000 $27,564
House in Tokyo
Tokyo · 西多摩郡
¥1 300 000 $8,333
House in Tokyo
Tokyo · 西多摩郡
¥4 300 000 $27,564
House in Tokyo
Tokyo · 西多摩郡
¥2 500 000 $16,026
House in Tokyo
Tokyo · 西多摩郡
¥3 500 000 $22,436
See the 10 akiya for sale in Tokyo →
Frequently asked questions
How much is an apartment in Tokyo?
The average new apartment now tops 91M yen (about $600,000) in the 23 wards; second-hand stock is much cheaper, especially outside the central wards.
Can a foreigner buy an apartment in Tokyo?
Yes: same rights as a Japanese national, no visa required. Note: buying grants no right to stay, and Japanese mortgages in practice require residing and working in Japan.
Apartment or house in Tokyo?
Central supply is dominated by apartments (mansion), built to recent seismic codes and carrying condo fees; detached houses sit mostly in the outer areas.
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See all listings in Tokyo
The full selection, with score, estimated yield and Airbnb feasibility for each property.
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