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Foreign funds spend 1.1 trillion Yen on Japanese real estate in 2017

In 2017, foreign corporations and funds spent a total of 1.1 trillion Yen (approx. 9.7 billion USD) on real estate acquisitions across Japan, a three-fold increase from 2016 and the first time that the annual volume has exceeded one trillion Yen.

Tokyo’s Chuo ward to ban minpaku rentals 5 nights a week

Tokyo’s Chuo Ward is planning to introduce tight regulations that will ban minpaku-style overnight rentals in private residences from midday Mondays through to midday Saturdays, allowing a host to only operate on Saturday and Sunday nights. This regulation will override the new national law that will go into effect from June 2018.

Tokyo apartment sale prices increase for 63rd month

Tokyo apartment sale prices increase for 63rd month

According to REINS 3,011 second-hand apartments were sold across Greater Tokyo in December 2017, up 3.7% from the previous month and up 0.6% from the previous year. The average sale price was 33,200,000 Yen, up 3.7% from the previous month and up 6.3% from 2016. The average price per square meter was 519,400 Yen, up…

Marriott to open W Hotel in Osaka in 2021

Marriott to open W Hotel in Osaka in 2021

On January 10, Sekisui House and Marriott International announced plans for Japan’s first W Hotel. The 337-room W Osaka will open in the Shinsaibashi district in 2021. Room rates have yet to be decided, but it is expected that this will be one of the priciest hotels in Osaka city. The building will be 117…

Kyoto property prices pushing younger buyers out of town

Recent population data provided by Kyoto City is showing a growing trend of younger residents moving out of the city to surrounding districts. If this trend continues, the city could see a net outflow of residents in the 30-year old age bracket. The average price of an apartment in the city in 2016 was about…

Our Japan Property Market Report for 2017

Our annual property market report for the past year can be downloaded in PDF format below. We continued to see property prices rise in 2017, while transactions hit new highs. The luxury residential market in Tokyo has been a star performer and developers are starting to increase their offerings of high-end apartments to cater to…

How much does earthquake insurance cost in Japan?

When buying a home in Japan you may want to consider earthquake insurance. As at the end of 2016, approximately 30% of Japanese households had earthquake insurance. Insurance premiums will vary depending on (1) the location of the property and (2) the type of construction, while payouts will vary depending on the level of damage….

Supply of new apartments in greater Tokyo to increase in 2018

According to a forecast by the Real Estate Economic Institute, a total of 38,000 brand new apartments are expected to be released for sale across greater Tokyo in 2018, up 4.4% from 2017 and the second year in a row to see an increase. Depending on demand for buyers eager to purchase before the consumption…

Tokyo’s Chiyoda Ward to impose strict rules on short-term rentals

Tokyo’s Chiyoda Ward has announced plans that could require hosts of minpaku-style short-term rentals required to either live in the property with the guests or within close proximity. The new rules could be introduced in June to coincide and override the national regulations set to go into effect this year.

Tokyo Apartment Sales in December 2017

Tokyo Apartment Sales in December 2017

The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2017:

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