Izu
2 homes
Izu
A mild volcanic peninsula two hours from Tokyo, where hot spring water runs to private houses and the plateau above the coast looks out to Izu Ōshima and Sagami Bay.
Life here
- Private onsen water
- Sea views
- Mild winters
- Weekend distance from Tokyo
Ownership rationale
Izu Kōgen is a long-established holiday-house area, so stock is plentiful and prices are reasonable. Hot spring rights, road access and the age of the structure vary house by house and must be checked individually.
Getting here
Izukyū Line from Atami; roughly two hours from Tokyo by Shinkansen and local train.
The market, honestly
Published data where it exists — sources belowPrice per square metre
Around ¥104,000 / m² for used houses in Itō City (approx. €610 / m²)
Utinokati's 2026 series puts the Itō City used-house market at ¥344,000 per tsubo (about ¥104,000/m², roughly €610/m²), calculated from 37 recorded transactions, with a typical house around ¥11.38 million. That average spans the whole city: holiday houses on the Izu Kōgen and Amagi plateaus needing work trade well below it, while renovated homes with a sea view or onsen rights trade above. Izu Kōgen is a long-established holiday-house area, so stock is plentiful.
Last three years
+0.6% in the last year for used houses in Itō City
Utinokati records a 0.6% rise in the Itō City used-house average between 2025 and 2026 — effectively flat. The average recorded house is about 39 years old, and older Japanese housing depreciates as a rule, so the argument in Izu is entry price, climate and proximity to Tokyo, not price growth. Value rests on the specific site — hot spring rights, road access and the condition of the structure.
Rental return
Varies widely; we do not publish a figure
There is no reliable published return for this stock. Short-term letting is regulated nationally under the minpaku rules and locally by Itō City, and feasibility depends on the individual property. We check it case by case rather than publishing a yield.
Holding and resale
¥200,000 – ¥500,000 a year including tax and maintenance, plus resort-area management fees where they apply (our estimate)
Typical annual running costs including taxes, utilities and basic maintenance. Thin. Expect a long sale window and a buyer who wants that specific house.
Who this suits
- Buyers who want a weekend house two hours from Tokyo with real hot springs
- Owners who value the sea-and-highland climate — beach summer, cooler plateau, year-round onsen
- Anyone treating the house as personal use rather than an income asset
Price levels and recent movement come from the published sources listed below, read in 2026. Rental returns, running costs and liquidity are our own working estimates and are labelled as such. None of this is a valuation — any specific home we bring you is underwritten on its own numbers.
Thinking about Izu?
A free conversation with a specialist — about where, what, and whether it makes sense.
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