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On housing prices? Probably nothing.
Again: with sufficiently flexible market, liberal zoning regulations, and a non-broken money, immigrants can't "impact" housing prices anymore than you or I could impact steak prices by going carnivore.
Quality of life is a different story: some people don't like them around. And there's undeniably an effect in deteriorated culture/social cohesion/misusage of public services etc.
Housing prices in Japan are relatively low.
Japan has a declining and aging population with a low birth rate and almost zero immigration.
Population affects demand for housing
Regarding steak prices what if one million vegans decided to convert to carnivore? I think the price would increase
You or I can’t affect prices because we are one person. One million persons can affect housing prices especially in a small country
More supply will lower prices
Unfortunately that is not the case today or the near future
What has been the impact of immigration in Sweden and Denmark on housing prices and quality of life?