Japan Osaka remains a key economic hub with a growing economy and increasing taxable incomes. The city has witnessed strong net migration since the pandemic, particularly among foreign nationals, young workers, and students, which should support firm rental residential demand going forward.

Osaka has a high proportion of renters at nearly 55%, driven by a rising number of single-person households and an increasing foreign national population. Rents have grown steadily at a 2.6% CAGR since 2019, with central wards seeing even stronger gains.

Average new condominium prices have reached new highs at JPY1.2 million per sq m in 2024, fuelled by strong demand, rising wages, and a weak yen attracting overseas buyers. At the same time, subdued supply and rising prices continue to push more residents into the rental market.

Major projects like Expo 2025 and the Integrated Resort will further boost the city’s appeal, reinforcing both the rental and sales markets. Strong residential demand, rising property prices, and constrained supply will continue to drive Osaka’s real estate market.

Source from: savills.com