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Market Trends

Sales of Pre-Owned Condos in Tokyo Top New Condo Sales for First Time

By Jeff Wynkoop In 2016 sales of pre-owned condos exceeded sales of new condos in the Tokyo area for the first time since records on both have been available (from 1996). Sales of pre-owned condos were up on a year-to-year... More

New Disclosure Requirements

Buying a Pre-Owned Home in Japan: Home Inspection Disclosures

By Jeff Wynkoop For the last 70 years, Japanese government policy has focused on overcoming this country’s long-term housing shortage by supporting the construction and sale of new housing. However, in the last decade the government has begun changing its... More

Japanese Govt Warns of Possible Bubble in Residential Rental Market

By Jeff Wynkoop The Japanese Cabinet Office recently indicated its concern regarding the pace of development of new assets for the residential rental market in Tokyo. New construction in the residential market was severely affected by the increase in Japanese... More

Buying a Condominium

Supply of New Condominiums in Tokyo Sinks to 24-Year Low

The number of new condominiums for sale in the greater Tokyo area in 2016 dropped 11.6% year-on-year to 35,772 units, hitting the lowest level since 1992, according to the Real Estate Economic Institute (REEI). The last time the supply of... More

Living in Japan

Getting Permanent Residence in Japan: New Rules Announced

The Japanese Ministry of Justice has decided that it is going to amend the rules for becoming a permanent resident in Japan to allow foreigners to apply for permanent residence after as little as one year in Japan. These rules... More

Market Trends

Trends in the Tokyo Housing Market 2011 to 2016

By Jeff Wynkoop Five years ago Japan was shocked by the massive Tohoku earthquake and tsunami. The March 11th, 2011 earthquake permeated the economic mood and made average consumers even more reticent to buy a new house. Although previously there... More

Effects of 2017 Tax Policy Changes on Japanese Housing

By: Jeff Wynkoop The Liberal Democratic Party of Japan, the current majority party in the Japanese Diet, recently completed its 2017 Guidelines for Amending the Tax System (平成29年度税制改正大綱). Below is a short description of several of the key effects the... More