Exploring the Real Estate Market in Nara: A Comprehensive Report
Nara Prefecture, a region of Japan known for its rich history and cultural heritage, is also a place of interest for real estate investors and homebuyers. Covering areas such as Nara City and Kashihara City, the prefecture offers various opportunities in the real estate market. This article delves into the trends and data concerning the real estate market in Nara, aiming to provide potential investors with a comprehensive understanding of what to expect when considering properties in this area.
Ratio of population of foreigners (per 100,000 persons)
868.6
Aging index
285.8
Rate of population change
-0.68%
Yearly average of air temperature
16.2
Yearly average of relative humidity
71%
Yearly clear days
22
Number of elementary schools (per inhabitable area 100 km2)
22.25
Number of lower secondary schools (per inhabitable area 100 km2)
12.53
Number of upper secondary schools (per inhabitable area 100 km2)
6.79
Percentage of persons employed
95.9%
Unemployment rate (Both sexes)
4.1%
Percentage of owned houses
74.1%
Number of retail stores (per 1,000 persons)
6.58
Number of eating and drinking places (per 1,000 persons)
2.85
Number of department stores and general merchandise stores (per 100,000 persons)
0.99
Number of traffic accidents (per 100,000 persons)
199.3
Number of recognitions of criminal offenses (per 1,000 persons)
3.91
Amount of damage by disasters (per capita)(30 years average)
￥4471
Areas in Nara
| Area | Median Price per m² | Growth over last 5 years |
|---|---|---|
| Nara City | ￥222,222 | 5.8% |
| Kashihara City | ￥177,500 | 20.1% |
| Ikoma City | ￥173,333 | -6.6% |
| Sakurai City | ￥136,199 | 26.5% |
| Yamatokoriyama City | ￥120,000 | -15.3% |
| Yamatotakada City | ￥104,655 | -12.8% |
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