Tokyo
Capital megacity — most liquid but lowest yields, minpaku heavily restricted
* Exchange rates shown for illustration only, based on ECB mid-market rate. Actual transactions may be subject to conversion fees.
Local STR Rules — Tokyo
National 180-day cap; 19 of 23 wards impose stricter limits. Shinjuku: weekday ban (~150 days). Toshima: 120-day cap. 70% of wards ban new minpaku from Dec 2026.
Market Analysis — Tokyo
Key demand drivers and main investment risks
✅Demand Drivers
- •Record 31M+ visitors to Japan in 2024, Tokyo is #1 gateway
- •Yen at multi-decade lows makes property cheaper for foreign buyers
- •Worlds largest metro area — 37M population base
- •Ongoing development for post-Olympic urban renewal
⚠️Key Risks
- •Foreign ownership requires local management and tax navigation
- •Major seismic zone — building codes strict but risk remains
- •Central Tokyo cap rates below 3%
Properties in Tokyo
2362 for sale·490 for rent
Properties for Sale in Tokyo
Latest Listings
Showing 1–12 of 50 listings
2-Bed Apartment · 64.18 m² in Chuo
1-Bed Studio · 1.4 m² in Chuo
2-Bed Apartment · 57.4 m² in Chuo
2-Bed Apartment · 65.88 m² in Chuo
2-Bed Apartment · 56.41 m² in Chuo
1-Bed Apartment · 52.67 m² in Chuo
1-Bed Studio · 29.67 m² in Chuo
2-Bed Apartment · 58.31 m² in Chuo
2-Bed Apartment · 56.18 m² in Chuo
3-Bed Apartment in Chuo
2-Bed Apartment · 59.16 m² in Chuo
2-Bed Apartment · 55.88 m² in Chuo
Yield by Neighborhood — Tokyo
Microzone investment comparison — CASABROVA
| Neighborhood | Price/m² | STR Yield | STR Status | Character |
|---|---|---|---|---|
| Minato-ku | ¥1,326,679–¥8,077,125 (₪24,391–₪148,496) | 3.5%–5.5% | STR Restricted 🟡 | Roppongi–Akasaka–Shiba high-income office/residential ward |
| Setagaya | ¥630,847–¥3,600,090 (₪11,598–₪66,187) | 3.5%–5.5% | STR Restricted 🟡 | Large low-rise Tokyo residential commuter ward |
| Nakano residentialmiddle classcreative | ¥886,176–¥1,200,030 (₪16,292–₪22,062) | 6.5%–9% | STR Restricted 🟡 | Middle-class residential neighborhood popular with young professionals and creatives. Affordable with good transit. |
| Meguro | ¥672,940–¥4,461,712 (₪12,372–₪82,028) | 4%–6.5% | STR Restricted 🟡 | Nakameguro–Komaba–Gakugei-daigaku residential commuter ward |
| Shimokitazawa bohemianstudentgentrifying | ¥1,070,796–¥1,476,960 (₪19,686–₪27,154) | 6%–8.5% | STR Restricted 🟡 | Bohemian neighborhood with vintage shops, live music, and indie culture. Gentrifying rapidly. |
| Shinjuku businessentertainmentexpensive | ¥2,307,750–¥3,138,540 (₪42,428–₪57,701) | 6%–8.5% | STR Restricted 🟡 | Major business and entertainment hub with high-rise office towers and nightlife. Center of Tokyo's transportation network. |
| Asakusa historictourismtraditional | ¥1,107,720–¥1,495,422 (₪20,365–₪27,493) | 8.5%–11% | License Required | Historic tourism district centered on Senso-ji Temple. Most tourist-friendly area with better minpaku permissions. |
| Haneda redevelopmentbusinessairport | ¥775,404–¥1,033,872 (₪14,256–₪19,008) | 9%–12% | License Required | Redevelopment area near Haneda Airport. Special Zone minpaku designation allows year-round STR. |
| Shibuya trendyyouthtech | ¥2,215,440–¥2,990,844 (₪40,730–₪54,986) | 6.5%–9.5% | STR Restricted 🟡 | Trendy youth culture epicenter famous for Shibuya Crossing and tech startups. Major redevelopment underway. |
Yield and price ranges are internal AI-research estimates from public real-estate portals (Tranio, Investropa, Globes, etc.), refreshed quarterly. Not primary-source data.
Investment Areas in Tokyo
Minato-ku
Roppongi–Akasaka–Shiba high-income office/residential ward
Price from ¥1,326,679/m² (₪24,391/m²)
Setagaya
Large low-rise Tokyo residential commuter ward
Price from ¥630,847/m² (₪11,598/m²)
Nakano
Middle-class residential neighborhood popular with young professionals and creatives. Affordable with good transit.
Price from ¥886,176/m² (₪16,292/m²)
Meguro
Nakameguro–Komaba–Gakugei-daigaku residential commuter ward
Price from ¥672,940/m² (₪12,372/m²)
Shimokitazawa
Bohemian neighborhood with vintage shops, live music, and indie culture. Gentrifying rapidly.
Price from ¥1,070,796/m² (₪19,686/m²)
Shinjuku
Major business and entertainment hub with high-rise office towers and nightlife. Center of Tokyo's transportation network.
Price from ¥2,307,750/m² (₪42,428/m²)
Asakusa
Historic tourism district centered on Senso-ji Temple. Most tourist-friendly area with better minpaku permissions.
Price from ¥1,107,720/m² (₪20,365/m²)
Haneda
Redevelopment area near Haneda Airport. Special Zone minpaku designation allows year-round STR.
Price from ¥775,404/m² (₪14,256/m²)
Shibuya
Trendy youth culture epicenter famous for Shibuya Crossing and tech startups. Major redevelopment underway.
Price from ¥2,215,440/m² (₪40,730/m²)
Market Review — Tokyo
Tokyo, the world's largest metropolitan economy, offers foreign investors something rare: a global megacity with remarkably stable property prices, transparent transactions, and yields that outperform most developed-world capitals. Gross rental yields of 4–6% on compact apartments in wards like Shinjuku, Shibuya, and Minato are supported by near-zero vacancy rates.
Japan's historically low interest rates create favorable financing conditions, while the yen's periodic weakness provides currency-advantaged entry points for USD, EUR, and GBP investors. Tokyo's property market is notably non-speculative compared to other Asian capitals, with prices driven by genuine rental demand rather than flipping activity.
The aging population narrative actually benefits investors: Japan's shrinking households are creating more demand for smaller rental units in urban centers. Combined with increasing inbound tourism and a growing foreign worker population, Tokyo's rental fundamentals remain structurally sound for the medium to long term.
Last updated: April 24, 2026
Discussions — Tokyo
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