Tokyo houses under ¥5 million

13 listings in Tokyo (Kanto), from ¥1.3M with a median asking price of ¥3M. Every price is the seller's asking price; we don't mark it up, and our concierge fee is flat and separate.

Five million yen is around the point where a prefecture's own market takes over from the national akiya story. In depopulating areas it buys comfortably; near a commutable city it puts you back in competition with Japanese owner-occupiers, who move faster and know the paperwork.

Budget for the taxes and fees on top of any price here: work them out with the closing cost calculator. On cheap property they are a much larger share of the price than the usual rules of thumb suggest.