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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

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Cost of buying real estate in Japan: Breakdown of purchase fees and taxes

By Jeff Wynkoop Prior to making an offer to buy property in Japan, it is important to have a good estimate of your total out-of-pocket costs, and understand when the costs will arise in the buying process. Usually when buying... More

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What interest rate can I get for a home mortgage loan in Japan?

By Jeff Wynkoop Rates for fixed-rate home loans in Japan are still generally very low, even though the majority of banks raised their base rate for several types of loans in June. Main street banks currently offer an average rate... More

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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

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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

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Residential Land Prices in Japan Inch Up Nationally in 2016: Masking Wide Disparities

By Jeff Wynkoop For the first time since the 2008 Global Financial Crisis, the average price of Japanese residential land rose last year on a national basis. This is according to the Ministry of Land, Infrastructure, Transport and Tourism’s annual kouji... More

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Getting a Home Loan in Japan as a Foreigner

By Jeff Wynkoop Financing is available for foreigners buying property in Japan, depending on your residence status, income, and work history. Below is an overview of the visa status and work requirements needed to apply for a property loan, which... More

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Sales of Pre-Owned Residential Properties in Tokyo Hit Historic Highs

By Jeff Wynkoop Sales of pre-owned condos and detached houses in the greater Tokyo metropolitan area were up for the second consecutive year in 2016, hitting historic highs. This is according to a recent report (in Japanese) on 2016 real estate market... More

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A Mini-Bubble Brewing in Japan’s Residential Apartment Market

By Jeff Wynkoop There are signs a mini-bubble may be forming in Japan due to the sharp increase in the number of new apartment loans handed out over the last few years. アパートローン(apaato rōn, ‘apartment loans’ also known in English... More

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AirbnB in Japan Close to Full Legalization: Details of Draft Law

By Jeff Wynkoop The Japanese cabinet has just cleared the way for full legalization of Airbnb-style (minpaku, 民泊) private-stay accomodations in Japan. Implementation in 2018 On March 10th, the Japanese Cabinet agreed to the contents of the draft law to... More

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Sales of Pre-Owned Condos in Tokyo Top New Condo Sales for First Time

By Jeff Wynkoop In 2016 sales of pre-owned condos exceeded sales of new condos in the Tokyo area for the first time since records on both have been available (from 1996). Sales of pre-owned condos were up on a year-to-year... More

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Buying a Pre-Owned Home in Japan: Home Inspection Disclosures

By Jeff Wynkoop For the last 70 years, Japanese government policy has focused on overcoming this country’s long-term housing shortage by supporting the construction and sale of new housing. However, in the last decade the government has begun changing its... More

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Japanese Govt Warns of Possible Bubble in Residential Rental Market

By Jeff Wynkoop The Japanese Cabinet Office recently indicated its concern regarding the pace of development of new assets for the residential rental market in Tokyo. New construction in the residential market was severely affected by the increase in Japanese... More

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Know Your Japanese Condominium: Common Use Areas v. Private Areas

By Jeff Wynkoop When buying a Japanese condominium, purchasers expect they are going to have to pay monthly fees to the Homeowners’ Association (管理組合 kanri kumiai). But one thing they are often surprised by is how common use areas (共用部分... More

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Guide to Home Mortgage Loans in Japan

By Jeff Wynkoop There are a lot of difficult decisions consumers have to make when choosing a home mortgage loan in Japan. Borrowers need to understand the impact these decisions have on the level of their monthly loan payments as... More

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Things to Check Before Buying a Condo in Japan

By Jeff Wynkoop There are a lot of things to keep in mind when looking for a re-sale condo. Usually people in the market categorize properties based on the area or areas they want to buy in first, then compare... More

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Understanding Fixed Interest Rate Home Loans in Japan

By Jeff Wynkoop People wishing to borrow money for a home loan in Japan have many different issues to consider. One of the most important is how long they want the interest on their loan to be fixed, and how... More

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Effects of 2017 Tax Policy Changes on Japanese Housing

By: Jeff Wynkoop The Liberal Democratic Party of Japan, the current majority party in the Japanese Diet, recently completed its 2017 Guidelines for Amending the Tax System (平成29年度税制改正大綱). Below is a short description of several of the key effects the... More

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How Much Does it Cost to Build a House in Japan?

By Jeff Wynkoop If you want to build a house in Japan you will be faced with a lot of decisions. For most people, the most time-consuming issue is finding and acquiring the rights to a suitable parcel of land in the... More

News

Foreign Visitors to Japan Exceed 20 Million For First Time Ever

By Jeff Wynkoop The Japan Tourism Agency announced yesterday that as of October 30th, 2016, for the first time ever in a calendar year the number of foreign visitors to Japan exceeded the 20,000,000 mark. The increase in Japan tourism... More