Breaking News
J-Alerts Issued: North Korea has Fired a Missile Over Northern Japan
According to the Toyo Keizai Online newspaper, the Japanese government has issued two alerts (J-Alerts) warning that North Korea has fired a missile over northern Japan. The text of the alerts reads as follows: J-Alert: 7:00AM, September 15th “A missile has... More
Market Trends
MLIT LOOK Report: Land Values Continue Steady Growth Outside Tokyo
Land prices rose in 86% of locations surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its Q2 2017 LOOK Report, which surveys land price trends for intensively used commercial and residential land in major cities throughout Japan.... More
Real Estate Law
Expiration of “Productive Green Areas” in 2022: Impact on Commercial Land Prices
By Jeff Wynkoop Have you ever come across a rice paddy wedged in between office buildings in a Japanese city? Most likely you were looking at a “Productive Green Area.” There are over 63,000 of these parcels of land scattered... More
Living in Japan
Buying a Home in Japan: Affordability Survey by Prefecture 2016
Home affordability decreased for the average income earner in Japan last year. This is according to a data recently released by Tokyo Kantei, which shows that the nationwide income multiple (compared to the average price of a home) increased in 2016,... More
Market Trends
Highlights of the 2017 Rosenka Roadside Land Value Survey of Japan
By Jeff Wynkoop The National Tax Agency recently published its 2017 Roadside Land Values (路線価 or rosenka), and the key takeaway is that the national average price for land went up for the second straight year. Last year’s 0.2% growth... More
Market Trends
Condo Prices in Greater Tokyo Approach 1990s Bubble Levels
The average sales price for a condominium released for sale in the greater Tokyo area in the first half of 2017 increased to ¥58.84 million (525,800 USD), up 3.5% year-on-year, and approaching levels last seen at the peak of the... More
Prices for Condos in Japan Hit 11-year High Driven by Foreign Buyers
By Jeff Wynkoop Prices for investment condos continue to rise unabated. According to a leading real estate online site, the average per room price for condos in Japan was 15.5 million JPY in the April-June period, an increase of 3.8%... More