To provide a clearer outlook, it is essential to calculate the real estate price in Bitcoin based on the current rate of $67,564 per Bitcoin.
a. Luxury property in central Tokyo
High-end luxury properties in areas such as Minato Ward, Chiyoda Ward, and Shibuya Ward usually have higher prices. for example:
Price per square meter: $23,400 (maximum estimate)
Average apartment size: 75 square meters (approximately 807 square feet)
To calculate the total price in USD:
$23,400 x 75 square meters = $1,755,000
Converting this to Bitcoin looks like this:
$1,755,000 ÷ $67,564 = 25.97 BTC
Therefore, to buy a 75 square meter luxury apartment in central Tokyo, you might need around 26 Bitcoins.
b. Mid-range properties in the suburbs of Tokyo
In areas where prices are slightly lower, such as Setagaya and Meguro:
Price per square meter: $8,700
Average apartment size: 75 square meters
Total price in USD:
$8,700 x 75 square meters = $652,500
Converting to Bitcoin:
$652,500 ÷ $67,564 = 9.66 BTC
This means you might need around 10 Bitcoins to buy a mid-priced property in the suburbs of Tokyo.
c. Affordable properties in the suburbs
Real estate prices drop significantly in areas away from central Tokyo.
Price per square meter: $4,700
Average apartment size: 75 square meters
Total price in USD:
$4,700 x 75 square meters = $352,500
Converting to Bitcoin:
$352,500 ÷ $67,564 = 5.22 BTC
Therefore, to buy a more affordable property outside of Tokyo, you might need around 5.22 Bitcoins.
