By Jeff Wynkoop As we recently reported, the Osaka Metropolitan Government and Ota Ward in Tokyo just approved new ordinances to regulate the letting of rooms in private houses. Please see Osaka Enacts Ordinance to Open Up Airbnb-Style Rentals for that post.... More

By Jeff Wynkoop On October 27th Osaka became the first Japanese metropolis to approve a new Private Accommodations Ordinance (民泊条例) to regulate the letting of rooms in private houses. Ota Ward in Tokyo followed suit on December 7th. It is... More

Japan has seen a tremendous surge in buyer interest in residential real estate in 2023. On Real Estate Japan, inquiries to bilingual agents handling properties for sale throughout the country have increased over 51% year-on-year in the first three months... More

As international equity markets took a beating in 2022, many investors have looked to other sectors to shore up their portfolios. In the last few years, Japanese residential real estate has drawn a lot of attention from overseas investors because... More

Average sales prices for newly constructed apartments in Japan’s Kansai region were down 1.2% year-on-year, marking two consecutive months of year-on-year declines. In contrast, supply increased year-on-year in September by 10.1% to 1,332 units, the second consecutive month of year-on-year... More

Sales prices of newly constructed apartments in the greater Tokyo region were up in September, as developers continued to rein in supply. The average sales price for a new apartment sold in the greater Tokyo metro region reached ¥66,530,000 ($450,000... More

What is Toki (Real Estate Registration) in Japan? Toki (登記) is a system for recording information about land and buildings in the tokibo real estate register (登記簿) managed by the Legal Affairs Bureau. Each piece of land or building in... More

Condominium developers in the greater Tokyo area have been hit hard by high material costs this year, as inflation has not spared the building industry. This is one of the key reasons why supply of new condominiums in the capital... More

Starting in April 2023, Japan will introduce a home energy-saving requirement to the popular Flat 35 home loan program. This measure will be introduced two years ahead of the already announced energy-saving standards that will be mandatory for all new... More

In August, the average sales price of a newly constructed apartment in the greater Tokyo region fell and supply plummeted year-on-year, as suppliers pulled back on releasing new units for sale. The average sales price for a new apartment sold... More

On September 20th, the Ministry of Land announced that the average price of residential land in Japan rose 0.1%, the first time in 31 years that residential land prices increased year-0n-year. This is a big milestone in the economy’s long... More

Japan will lift the ban on individual travel and allow visa-free entry to the country, starting October 11th. This was announced by Prime Minister Kishida at a press conference in New York on September 22nd and reported by the Nikkei... More

Average sales prices for newly constructed apartments in the Kansai region of Japan were up 11.7% year-on-year, continuing the trend established in the first half of the year. The Real Estate Economic Institute’s (REEI) August market trends report for the... More

The average sales price of a newly constructed apartment in the greater Tokyo region was ¥63,790,000 ($460,000 USD) in July. This was a year-on-year decrease of 1.8% and a decrease of 1.1% compared to June. The average sales price per square... More

This month on Real Estate Japan we are continuing to see a significant increase in inquiries on For Sale properties throughout Japan, from Hokkaido to Fukuoka. In this post, we share the five most popular wards and cities outside Tokyo, ranked in... More

The Japanese government may soon do away with the requirement to show proof of a pre-departure negative COVID-19 test result when entering or returning to Japan. The Nikkei newspaper reports that in an online press conference given on August 22,... More

Amidst a depressed supply situation, average sales prices of newly built condominiums in Kansai are up year-on-year, with average sales prices per square meter hitting an all-time high for the January to June period. The Real Estate Economic Institute’s (REEI)... More

In this article we give an overview of the average yield that investors can expect for income properties in Japan. With the yen depreciating against the US dollar by about 20% since the beginning of this year, on Real Estate... More

Homebuyers in the greater Tokyo region have been buying apartments at a brisk pace this year, pushing the average sales prices of newly built condominiums up for the first time in two years amidst strong demand and low inventory. Data... More