Market Trends
Land Prices Up in 80% of Sites in Major Japanese Cities: MLIT LOOK Report
Land prices rose in about 80% of locations surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its latest LOOK Report, which surveys land price trends for intensively used commercial and residential land in major cities throughout... More
Airbnb in Japan
Japan Legalizes Airbnb Rentals: Diet Passes Law
On June 9th, the Japanese Diet formally approved the new law authorizing the leasing out of private residences for short-term accommodations, also known as Airbnb-style rentals or minpaku rentals. Under the new law, homeowners wishing to lease out a room... More
Airbnb in Japan
Airbnb-Style Rentals in Japan: Majority of Properties in Legal Grey Zone
By Jeff Wynkoop The Japanese government has been unable to verify the legality of 53% of the 15,000 properties it surveyed and 30% of properties were found to be unlicensed. This is according to a recent government survey meant to ascertain... More
Market Trends
Where is the Tokyo New Condo Market Headed 2017 to 2020: Forecast
Jeff Wynkoop Average sales prices of newly-built condominiums in Tokyo’s 23 Wards are forecast to continue trending upward through 2020, albeit at a slower pace, according to a recent report by Real Estate Economic Institute (JREI). JREI also predicts that the... More
Market Trends April 2017
Average Price of a Resale Apartment in Greater Tokyo Up for 52 Months in a Row
The average price of a re-sale apartment sold in the greater Tokyo region in April increased 11.25% on a year-on-year basis to ¥32,450,000 (287,000USD), the 52nd consecutive month of year-on-year price increases. This is according to data just released by REINS... More
Market Trends
Average Price of a Pre-Owned House in Tokyo Drops for 3 Consecutive Months
The average listing price of a pre-owned detached house in Tokyo’s 23 Wards dropped to ¥93,720,000 ($840,500) in March, a 5.6% decrease compared to February and the third consecutive monthly decline. This is according to data recently reported by Tokyo... More
MUJI Launches Tiny Minimalist Hut: A 9.1-sqm Place to Call Your Own
MUJI, the retailer of sleek household products and consumer goods, has announced plans to sell a tiny pre-fab wood and reinforced concrete hut with interior dimensions of just 9.1-sqm (97.9-sqft), tapping into the growing trend in Japan for tiny, minimalist... More