Guide: How To Buy A House In Japan

SPECIAL ARTICLES  /
Guide: How To Buy A House In Japan
June 11, 2024

Osaka, Japan, is a dynamic city that seamlessly blends modernity with tradition, making it a prime destination for tourists and a lucrative market for Airbnb investments. With numerous attractions and a strong tourism industry, Osaka offers excellent opportunities for short-term rental investments. This guide provides an in-depth look at the key attractions, major residential areas, market performance, and strategies to enhance your Airbnb offerings in Osaka.

Key Attractions in Osaka

  1. Osaka Castle: A historic landmark offering panoramic views of the city and beautiful gardens.
  2. Universal Studios Japan (USJ): A popular theme park featuring rides and attractions based on famous movies and characters.
  3. Dotonbori: A vibrant entertainment district known for its neon lights, food, and shopping.
  4. Shinsaibashi: A shopping street that offers a mix of high-end brands and local boutiques.
  5. Umeda Sky Building: An architectural marvel with an observatory offering stunning views of Osaka.
  6. Sumiyoshi Taisha: One of the oldest Shinto shrines in Japan, known for its beautiful architecture and tranquil atmosphere.
  7. Osaka Aquarium Kaiyukan: One of the largest aquariums in the world, featuring a diverse range of marine life.
  8. Tsutenkaku Tower: An iconic symbol of Osaka offering observation decks with panoramic views.

Major Residential Areas in Osaka

  1. Chuo Ku: Central district, home to Osaka Castle and many shopping and entertainment options.
  2. Nishinari Ku: Known for its affordability and proximity to key attractions like Tsutenkaku Tower.
  3. Naniwa Ku: Close to Namba and Dotonbori, making it a popular area for tourists.
  4. Fukushima Ku: A vibrant district with numerous dining and entertainment options.
  5. Tennoji Ku: Home to the Tennoji Zoo, Shitennoji Temple, and Abeno Harukas.
  6. Sumiyoshi Ku: Known for Sumiyoshi Taisha and residential neighborhoods.
  7. Joto Ku: Offers a mix of residential areas and proximity to central Osaka.
  8. Kita Ku: A business and entertainment district, home to Umeda Sky Building and Grand Front Osaka.

Submarket Performance in Osaka

Osaka's Airbnb market is thriving, with strong performance metrics across various submarkets. Here's a closer look at some of the top-performing submarkets:

Chuo Ku

  • Revenue Potential: ¥4.8M
  • Occupancy Rate: 74%
  • Daily Rate: ¥19.8K
  • Market Score: 89

Nishinari Ku

  • Revenue Potential: ¥3.6M
  • Occupancy Rate: 65%
  • Daily Rate: ¥17.8K
  • Market Score: 84

Naniwa Ku

  • Revenue Potential: ¥3.9M
  • Occupancy Rate: 69%
  • Daily Rate: ¥18K
  • Market Score: 80

Joto Ku

  • Revenue Potential: ¥4.8M
  • Occupancy Rate: 62%
  • Daily Rate: ¥21.2K
  • Market Score: 74

Enhancing Your Airbnb Offering

To improve the reliability and attractiveness of your Airbnb property in Osaka, consider including the following amenities and features:

  1. Free Wi-Fi: Essential for all travelers, ensuring they stay connected.
  2. Free Bikes: Offering bicycles can provide guests with an easy and enjoyable way to explore the city.
  3. Local Guidebooks: Provide information on nearby attractions, restaurants, and transportation options.
  4. Fully Equipped Kitchen: Allow guests to cook their meals, catering to long-term stays.
  5. Laundry Facilities: Convenient for travelers on extended trips.
  6. Comfortable Bedding: Ensure high-quality mattresses and linens for a comfortable stay.
  7. 24/7 Check-In: Flexible check-in options to accommodate late arrivals.
  8. Cleanliness: Maintain high standards of cleanliness to receive positive reviews.

Conclusion

Investing in Airbnbs in Osaka offers substantial returns due to the city's high tourist influx and strong market performance. Key attractions and well-connected residential areas make Osaka an ideal location for short-term rentals. By selecting properties in high-demand areas like Chuo Ku, Nishinari Ku, and Naniwa Ku, and enhancing your Airbnb offerings with thoughtful amenities, you can maximize occupancy rates and revenue potential. With strategic investments and attention to guest experience, you can capitalize on Osaka's booming tourism industry and achieve long-term success in the Airbnb market.

AUTHOR:
Maido Real Estate

Read More

Airbnb
How To Buy & Run An Airbnb In Japan
Based on our Airbnb experiences and the constantly evolving legislation, stay up to date with this Airbnb guide in Japan.
Rent
Guide: How To Rent A House In Japan
Looking for a place to move to in Osaka or Kyoto? Explore our property listings and contact us to find your next home, which you can rent even as a foreigner.
Airnbnb
Guide: How To Buy A House In Japan
Buying in Japan is open to foreigners, but the market and culture are so different that it can be very hard for non-Japanese to understand the unwritten rules. Understand the buying process with this guide.