Blog

AirBnB in Japan

AirbnB in Japan Close to Full Legalization: Details of Draft Law

By Jeff Wynkoop The Japanese cabinet has just cleared the way for full legalization of Airbnb-style (minpaku, 民泊) private-stay accomodations in Japan. Implementation in 2018 On March 10th, the Japanese Cabinet agreed to the contents of the draft law to... More

Tokyo’s Fastest Growing Areas in 2016 and Why People Are Moving There

For the 20th consecutive year Tokyo had more people living in or moving into the area than leaving. This is according to the results of the Basic Register of Residents (住民基本台帳 juumin kihon daichou) released by Japan’s Ministry of Internal... More

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

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