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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

Buy a house in the Japanese countryside and get up to ¥1 million yen in points from the gov’t and other 2021 home buyer incentives

The Japanese government plans to set up an incentive system starting in the spring of 2021 to encourage people to migrate to rural areas in Japan in exchange for up to ¥1 million in points that can be redeemed for... More

New 2021 mortgage loan tax deduction rules for homeowners in Japan

The Japanese government has revealed details of expanded tax deductions for mortgage loans for homeowners that will come into force in 2021. The final decision on the rule changes will be made by the LDP’s tax system investigation committee and... More

Land Values in Big Cities Continue to Fall Amidst Coronavirus Effect: October 2020 Look Report

Land prices dropped in 45 of 100 of locations surveyed by Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) in its Q2 2020 LOOK Report, which surveys land price trends for intensively used commercial and residential land in major... More