Recently, Offshore investors are out in force buying up real estate in Kyoto, with property prices in the historic city considered comparatively inexpensive. Many of the interested foreign investors are in their 30s and 40s and living in international cities with soaring real estate prices worth 100 million yen.

The recent weakening of Japan’s Yen has made property prices even more appealing for offshore buyers. In mid-June, the Yen dropped to a 24-year low against the US dollar, trading at around 135 per USD. As of July 13, it was 136 per USD.

Source: The Kyoto Shimbun