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Akiya Bank Japan Vacant House Database to Now Include Govt Public Assets: Ministry of Land

Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has announced that it will now make “for sale” and “for rent” public assets searchable online on the akiya (vacant house) websites currently operated by HOMES (Lifull) and AtHome. These public... More

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What you should know before buying a vacant house in Japan

By Jeff Wynkoop Buying a vacant house in Japan and fixing it up is the dream of many city dwellers. With the price for a new condo at all-time highs in most Tokyo neighborhoods, many people are considering purchasing a... More

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Government Plans to Turn Japan’s Abandoned Houses Into Quasi-Public Housing

By Jeff Wynkoop The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has announced that it plans to introduce measures to convert the growing glut of vacant and abandoned houses in Japan into quasi-public housing(準公営住宅). 8.2 Million Vacant Houses According... More

News

Yokosuka City First to Tear Down a Vacant House Under New Law

By Jeff Wynkoop On October 26, 2015, Yokosuka became the first city to tear down a property under the new law called “The Law for Special Measures to Promote Dealing with Vacant Houses, etc.” (空家等対策の推進に関する特別措置法) brought into force earlier this... More

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Renovating Traditional Japanese Houses for Preservation and Profit

In a previous article, we mentioned that according to the Ministry of Land, Infrastructure, Transport, and Tourism, in 2013, there were 8.2million vacant houses throughout Japan. This is about 13.5% of the entire residential housing stock and the highest number... More

Living

How the Japanese Government is Trying to Convince More Landlords to Rent to Foreigners

If you have ever tried to rent an apartment in Japan as a foreigner and have been rejected because of your nationality, you may be surprised to learn that Japanese landlords face serious, long-term headwinds with respect to renting out... More

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Bilingual Real Estate Agent Answers Your FAQS on Buying a Property in Tokyo

Real Estate Japan recently conducted an e-mail interview with Ms. Kanako Enomoto, in which she gives detailed answers to frequently asked questions about buying property in Tokyo as a foreigner. Ms. Enomoto is an agent with Tokyo-based EM Labo Co.... More

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7 Trends & Events that Will Shape Japan and the Japanese Real Estate Market in 2019

Japan endured a tough 2018. The kanji chosen to represent the year was “disaster” (災), to underline the numerous natural disasters that struck the country. No one knows yet what 2019 will hold, but we believe that the following seven... More

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What to do with Tokyo’s hundreds of thousands of abandoned homes

At the forefront of socioeconomic issues facing Japan is its aging and declining population, and perhaps no where will this manifest itself more visibly than in the country’s real estate and infrastructure. Local governments throughout Japan, including Tokyo, are having... More

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Buying a Home in Japan for $150,000 Outside the Big Cities

In this installment of the “What can you buy in Japan” series, we go outside Japan’s metropolises to see what is available for $150,000 or much less in regional cities and towns. Before we present some examples, let’s briefly take... More

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Govt to Launch First National Database of Japanese Real Estate

By Jeff Wynkoop The Ministry of Land, Infrastructure, Transport, and Tourism (the “MLIT”) recently announced it is planning to create a searchable database of vacant houses and lots of land that will cover all of Japan. The goal is to... More

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What is the average price of a new house in Japan?

In this article, we take a look at the average price of a newly constructed house in Japan by major region and city, based on data from Tokyo Kantei. For the major national markets surveyed, the average price of a new... More

Services

Tokyu Housing Lease Corporation

As one of the largest property and lease management professionals in Japan with 75,000 under management, as well as 95,000 units of corporate housing, we at Tokyu Housing Lease aim to continue to provide multi-lingual services that meet the various changing needs of our clients and ultimately, to exceed their expectations.

News

Japanese Real Estate News Summary January 15 to 21, 2016

This was a busy news week, as China’s economic woes and tumultuous equity markets dominated headlines. Meanwhile, several Japanese real estate industry organizations came out with 2015 annual data and forecasts for 2016. A domestic highlight (and Real Estate Japan’s most-read... More

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Major Changes Coming to Appraisal System for Residential Housing in Japan

By Jeff Wynkoop According to the Nikkei Shinbun, the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) will implement a major change to the way residential housing is appraised with the aim of juicing the second-hand housing market. The new... More

Living

2019 New Years Day in Japan- Amateur Photos by Real Estate Japan Staff & Friends

How did you spend New Year’s Day 2019? In this post, we wanted to share a personal side of life in Japan and how some staff members at Real Estate Japan celebrated and what we saw on the first day... More

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What can you buy in Japan’s Smaller Cities for $150,000?

By popular request, in this installment of the “what can you buy” series, we take a tour around Japan’s smaller cities to see what is available at the $150,000 (17 million yen) price point, or less. In 2017, the average... More

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What restrictions are there on foreigners buying a home in Japan compared to other countries?

There are no restrictions or special taxes on non-resident foreigners wishing to buy property in Japan, compared to many countries and territories around the world that restrict the ownership of residences by non-citizens. Can a foreigner buy property in Japan? There... More

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Real Estate Japan to Form Business Alliance with Airbnb Japan Inc.

Real Estate Japan Inc. For Immediate Release August 16, 2018   Real Estate Japan Inc. to Form Business Alliance with Airbnb Japan Inc. to Make it Easier for Property Owners to Enter Home Sharing Market   Property owners will be... More

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How Foreigners View the Japanese Real Estate Market: Ministry of Land Survey Results

In an effort to boost the Japanese real estate market, Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has been focusing on increasing market transparency, especially with respect to the participation of non-Japanese in domestic real estate transactions. The... More