By Jeff Wynkoop One of the biggest issues for buyers of both new and used condominiums in Japan is whether you can expect the property to appreciate in value, or at least retain its value when it comes time to... More
By Jeff Wynkoop Professor Chihiro Shimizu from the Institute of Real Estate Studies at the National University of Singapore recently made public the initial results of a project he is working on correlating population trends and the impact these trends... More
By Jeff Wynkoop The following is a list of important real estate terms for renting an apartment in Japan. 敷金 Deposit Shikikin. This is the deposit paid when renting out a property. For residences, usually 1-2 months’ rent is required,... More
By Jeff Wynkoop The following is a list of important Japanese real estate terms for purchase and sale transactions. 1R One Room A one room apartment. Usually includes an en suite toilet/bathroom and kitchenette. LDK This is shorthand for the... More
Japan’s National Tax Agency recently announced rosenka (路線価) Roadside Land Value data for January 1st, 2015. The key takeaways from the data are 1) nationwide land prices declined 0.4%, the seventh consecutive year of decrease, but the rate of decrease... More
By Jeff Wynkoop According to the Nikkei Shinbun, the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) will implement a major change to the way residential housing is appraised with the aim of juicing the second-hand housing market. The new... More
By Jeff Wynkoop The Nikkei Shinbun reports that Japan’s Ministry of Land Infrastructure Transport and Tourism (MLIT) will start allowing real estate agencies to do internet and videophone-based disclosure explanations to potential clients (known as the “Explanation of Important Matters”)... More
By Jeff Wynkoop According to a recent report by the Real Estate Economic Institute, the Japanese Ministry of Land, Infrastructure, Transport and Tourism (the “MLIT”) is currently working with the city of Yokohama to put together a new real estate... More
When a person selling a property desires to use a broker to locate a buyer, there are three types of representation the person can choose from: (1) general (ippan), (2) exclusive (sennin), and (3) restricted exclusive (senzoku sennin). General Representation... More
Explains the main legal issues in Japanese real estate. Most of the information appears in English for the first time.