Moving into a new place can be an exciting yet expensive decision.
It is essential that you view the property in person as the photos may (or may not) do the property justice.
You may be able to identify issues that are not present in the photos, which may not be up to date.
Visiting the property gives you a feel for the location and the neighbourhood.
In any cities, there are some neighbourhoods where you don’t walk in the middle of night alone.
In fact, in Tokyo there is almost none.
Maybe you may feel weird if you walk on the street early in the morning in Shinjuku Kabukicho but you won’t feel
I recently read a book written by a guy called ‘Masayoshi Osaka’. The book is called ‘Where are the places you don’t
want to live in greater Tokyo ?’ It is highly controversial and full of prejudice such as race, income and business.
He is a reasonably well-known blogger, originally from Osaka.
He is running a media company “Tokyo Deep Guide” , which is the extreme biased media.
The media shines light not on the positive side of the cities/towns in Tokyo but on the negative side.
(Tama river, Kawasaki city)
I have just visited a property in Kawasaki city with Indonesian investors.
It is newly built apartment with 14 studio units and fully occupied now.
Price : 110 million yen
Yield : 8.09% gross
We have got a new listing from Kawasaki city.
I have been there for viewing and photos and video clips.
It has the fantastic financing by the first class Japanese bank (subject to visa and financial background) and foreign national could be eligible for the financing by a Japanese bank .
(Inside the room)
Kawasaki (川崎市 Kawasaki-shi) is a city in Kanagawa Prefecture, Japan.
Here is the latest testimonials by American investors.
Malinda and Lee are running a manufacturing company in LA, USA
which produces the content related products.
They are looking for a property (to buy) to start the new business venture in Tokyo.
They are looking for a property in Tokyo with some work space for their manufacturing and also
usual home rooms/facility to live while they stay in Tokyo on the trip.
We took them to a property in Adachi ward, Tokyo which is northern part of Tokyo.
Where is Adachi ward ?
Let’s find out what they think of the property.
We wish them a good luck.
Our Consultation Service
Spot consultation is available for those who are interested in buying an old Japanese property.
Spot consultation fee starts from 50,000 yen per two hours (plus tax). Consultation over Internet telephone is possible for those who are distant from Tokyo.
If you are seriously interested in buying akiya, please contact us. Consultation fee starts from 50,000 yen per two hours (plus tax). We provide the following consulting service for akiya investment as well.
1) Akiya search service
100,000 yen (plus tax) per project. We will look for an appropriate akiya for you.
It requires time consuming process.
Finding a good akiya is not as easy as you might think.
If you buy a wrong property in a wrong location, your investment could be a disaster.
We will not search akiya for free.
2) Contract support
200,000 yen + tax per one property
After you find a good akiya, you need to go through
all the transactions including due diligence, making purchase contract, tax, title registration, finding a builder to renovate, finding a property manager, promote your property for leasing (if you want to rent out) etc
All the relevant documents are in Japanese.
We support the process.
If you are seriously interested in buying a Japanese old house, please contact us.
Real estate investing consultant and author.
Founder of Yamamoto Property Advisory in Tokyo.
International property Investment consultant and licensed
real estate broker (Japan).
He serves the foreign companies and individuals to buy and sell
the real estates in Japan as well as own homes.
He holds a Bachelor’s degree in Economics from
Osaka Prefecture University in Japan
and an MBA from Bond University in Australia
Toshihiko’s book, “is now out on Amazon, iBooks (iTunes, Apple) and Google Play.
About the book
Let’s face it.
Kenbiya (One of Japan’s major internet web sites on the real estate property for the investment) recently announced the latest market update
for the first quarter of 2019. I am quickly sharing the summary of the report today.
Price: The average asking price
Yield :Gross yield. It is calculated as a percentage based on the property’s market value divided by the income generated by the property
(before finance cost/management cost/tax)
Condominiums (one unit)
Yield 7.36% (-0.45 points compared to the previous quarter)
Ave Price 15.51 million yen (+ 10.79 point )