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Renovation Trends in Hiroshima: A Comprehensive Overview

Hiroshima is witnessing a remarkable shift in the residential market, particularly in the realm of second-hand apartments and renovations. The report released by Renoveru Inc., a renovation platform that integrates the buying and remodeling process, emphasizes the growing demand for their 'one-stop service' in the Hiroshima area.

Background

In 2024, the average price for newly built apartments in Hiroshima is projected to soar to 53.72 million yen, marking a staggering increase of over 30% from last year, the highest in the past decade. This surge in prices is driven by various factors including rising construction material costs, increasing labor expenses, and the unique geographical challenges in Hiroshima, where acquiring land for apartment buildings is increasingly difficult due to the limited flat land available in the region. Notably, the need for convenient, urban living is rising, particularly with new developments like Minamoa and the revitalization around Hiroshima Station.

As citizens aspire to reside in central locations but find new constructions financially out of reach, the interest in the second-hand market is escalating. The response to Renoveru Hiroshima's services has been substantial, with visitor numbers predicted to increase by 150% compared to last year.

Key Findings

The Renoveru User Report highlights several essential findings based on data collected from 2022 to 2025:

Property Age

• - The majority of purchased properties were built between 21 to 30 years ago, with nearly half being over 31 years old. This trend is consistent with Hiroshima's inventory, where the supply of apartments over 40 years old is relatively low, contributing to the stability in property prices specific to that age group.

Family Structure and Age

• - Approximately half of the buyers are single or living in twosomes, with an average buyer age of 38.9 years. This demographic spans a broad range, from people in their 20s to those in their 50s, illustrating that both first-time buyers and families are engaging with the renovation market.

Renovation Costs

• - The average cost for a full renovation is around 12 million yen. Interestingly, even for partial renovations, expenses approach nearly 9.17 million yen, reflecting not just a need for repairs but a desire for tailored living spaces.

Purchasing Areas

• - An impressive 88.1% of the buyers acquired properties within Hiroshima city, with 67.8% specifically choosing the city’s four central districts for their accessibility and community amenities.

Average Property Size

• - Buyers opted for apartments with an average area of 77.6 square meters, exceeding the average size of newly constructed units by 6 square meters. This trend emphasizes the demand for spacious living environments.

Renovation Preferences

• - Popular renovation choices include mudroom spaces (70%), circular pathways for navigation (60%), and hallway wash areas (50%). These trends reflect a shift towards practical living solutions that enhance both functionality and aesthetics.

Conclusion

Hiroshima's housing market is at a significant crossroads as we approach 2024, with new apartment prices reaching unprecedented highs. As citizens are increasingly motivated toward second-hand properties combined with renovations, the data provided by Renoveru underscores a progressive shift away from mere cost-cutting towards realizing individualized living environments. The city, well-stocked with suitable and stable properties, not only encourages economic housing options but also fosters the potential for unique, personalized homes. As the trend towards 'purchase plus renovation' solidifies, it promises to become a rational and enriching choice for the residents of Hiroshima moving forward.

Upcoming Events

Renoveru Hiroshima continues to host consultations and workshops aimed at guiding individuals through the complexities of purchasing and renovating second-hand homes. Interested parties are encouraged to explore their options and participate in discussions about ideal living environments.

To learn more about these opportunities, visit Renoveru Hiroshima's site: Renoveru Hiroshima