Real Estate Report of Wakayama: Demographics, Housing Market Trends, and Investment Opportunities
Wakayama Prefecture, located in the Kansai region of Japan, is a compelling mix of cultural heritage and natural beauty. Known for its hot springs, scenic views, and historical sites, Wakayama is also making its mark in the real estate market. Understanding the dynamics of real estate investment in this region requires a closer look at the trends and pricing over recent years.
Ratio of population of foreigners (per 100,000 persons)
653.5
Aging index
304
Rate of population change
-1.2%
Yearly average of air temperature
17.3
Yearly average of relative humidity
69%
Yearly clear days
26
Number of elementary schools (per inhabitable area 100 km2)
21.9
Number of lower secondary schools (per inhabitable area 100 km2)
11.31
Number of upper secondary schools (per inhabitable area 100 km2)
4.18
Percentage of persons employed
96.1%
Unemployment rate (Both sexes)
3.9%
Percentage of owned houses
73%
Number of retail stores (per 1,000 persons)
9.67
Number of eating and drinking places (per 1,000 persons)
4.59
Number of department stores and general merchandise stores (per 100,000 persons)
1.31
Number of traffic accidents (per 100,000 persons)
153.8
Number of recognitions of criminal offenses (per 1,000 persons)
3.62
Amount of damage by disasters (per capita)(30 years average)
￥12324
Areas in Wakayama
| Area | Median Price per m² | Growth over last 5 years |
|---|---|---|
| Wakayama City | ￥100,000 | -36.7% |
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