Where Residential Land Values in Japan Are Rising, a Year into COVID: 2020 Q4 LOOK Report
Land prices rose in 15 locations out of 100 surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its 2020 Q4 LOOK Report, which tracks land price trends for intensively used commercial and residential land in major... More
Kansai New Apartment January Sales Prices Pick Up Steam
Sales prices of newly constructed apartments in the Kansai area, which includes Osaka, Kyoto, and Kobe, averaged ¥46,290,000 ($436,400 USD) in January, a year-on-year increase of 7.8%. This was one of the key takeaways from the Real Estate Economic Institute... More
Sales of Pre-Owned Apartments and Houses in Greater Tokyo at Record High to Start the Year
Sales of pre-owned condominiums and single-family homes in greater Tokyo hit a record high in January, with unit sales numbers increasing 29.0% and 37.0% year-on-year, respectively. These were the highest monthly jumps recorded since the Real Estate Network for East... More
Kansai Apartment Market Forecast: Supply and price trends to watch for in 2021
The Real Estate Economic Institute (REEI) has released its 2021 forecast for supply and price trends in the new condominium market for the Kansai region, which consists of the prefectures of Nara, Wakayama, Kyoto, Osaka, Hyogo and Shiga. Below are... More
Tokyo Apartment Market Forecast: Trends to watch for in 2021
The Real Estate Economic Institute (REEI) has released its 2021 forecast for supply and price trends for the new condominium market for the greater Tokyo area, which includes Tokyo and the prefectures of Kanagawa, Chiba, and Saitama. Below are the... More
Sales of pre-owned apartments and houses in greater Tokyo hit record high in November
Sales of pre-owned condominiums and single-family homes in greater Tokyo had a banner month in November, chalking up the highest unit sales numbers recorded since the Real Estate Information Network for East Japan (REINS East Japan) started tracking the market... More
Homeowners in Japan can expect lower property taxes in 2021
The Japanese government plans to adjust the amount levied for the fixed asset tax (koteishisanzei) for both commercial and residential properties in 2021 to provide relief for people affected by the coronavirus-led economic downturn. The LDP is expected to include... More