Real Estate Market Report: Exploring Otaru City, Hokkaido
Otaru City, located in the western part of Hokkaido, Japan, stands out as a charming port city with a rich history and unique blend of cultures. Recognized for its beautiful canal area and the preserved historic buildings, Otaru attracts not only tourists but real estate investors seeking opportunities in residential and commercial properties. This report delves into the real estate market trends in Otaru City, offering potential investors insights into transaction prices, median price per square meter trends, and the impact of properties' age and construction year on their valuation.
Ratio of population of foreigners (per 100,000 persons)
496
Rate of population change
-8.71%
Number of elementary schools (per inhabitable area 100 km2)
19.93
Number of lower secondary schools (per inhabitable area 100 km2)
15.24
Number of upper secondary schools (per inhabitable area 100 km2)
8.21
Unemployment rate (Both sexes)
6%
Percentage of owned houses
67.7%
Number of retail stores (per 1,000 persons)
10.57
Number of eating and drinking places (per 1,000 persons)
6.38
Number of department stores and general merchandise stores (per 100,000 persons)
1.64
Number of traffic accidents (per 100,000 persons)
511.4
Number of recognitions of criminal offenses (per 1,000 persons)
8.85
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