Investing in Prosperity: How Japan’s Experience-Based
Tourism Boom Impacts Real Estate Opportunities
Hello esteemed readers and potential investors,
In the pulsating economic landscape of Japan,
a compelling trend is unfolding that holds significant implications for us all,
particularly those of us vested in international real estate investments.
Since last autumn, Japan has experienced a substantial resurgence in inbound tourism.
However, the dynamics of this resurgence are quite different from what we’ve seen in the past.
There’s been a considerable decline in ‘explosive buying’,
a phenomenon that once characterized Japan’s tourism industry.
The Japanese Housing Market: Is it Time to Buy?
The prices of newly built standalone homes and condominiums in Japan
have been rising steadily for the past few years,
but there is a growing concern that the market may
be reaching a turning point.
The prices of newly built standalone homes and condominiums
Reviving Japan’s Countryside:
How Foreign Investors are Transforming Vacant Houses
Are you an overseas investor or foreign national intrigued by the charm and allure of traditional Japanese homes?
If so, there is an exciting opportunity waiting for you.
As the appreciation for traditional Japanese architecture grows,
a promising trend is emerging that not only provides a unique investment opportunity
but also contributes to solving a significant societal issue in Japan – vacant houses.
Foreign buyers are increasingly attracted to these vacant, traditionally styled homes,
often located in the heart of Japan’s beautiful countryside.
Fueled by the rich cultural heritage encapsulated in these properties and a relatively lower cost
due to the weaker yen, this trend provides an opportunity for foreign investors to own a slice of authentic Japanese culture.
Understanding the wealth distribution across the globe
can offer invaluable insights into potential opportunities
and trends in the real estate market.
That’s why today, we’re turning our spotlight on a recent report by Henley & Partners, a British consulting firm,
which ranks cities based on their millionaire populations.
Particularly interesting for us is the position of Tokyo, Japan’s bustling capital, in this global landscape.
As we unpack these insights, we’ll consider what this means for real estate investment in Japan,
and how these trends might shape our strategies moving forward.
New Home Prices in Japan Continue to Rise,
but Demand is Weakening
The average asking price for small-scale newly built detached houses in Tokyo 23 wards was 7031 million yen in April,
an increase of 0.7% from the previous month.
This is the highest price since the statistics started in April 2014.
The rise in construction material costs and labour costs has been passed on to home buyers,
and prices have continued to rise. However, housing demand is weakening due to rising prices.
A survey by Tokyo Kantei found that the number of people who are interested
in buying a new home has decreased by 10% from the previous year.
This is due to a number of factors, including the rising cost of living,
the uncertainty of the economy, and the war in Ukraine.
Credit Saison Co., Ltd. has begun offering the
“Saison Real Estate Free Loan” from March 31st ,2023,
a service that allows users
to freely utilize funds within the limit,
using their owned real estate as collateral.
It is presumed that among affluent individuals and property owners,
there are those who face challenges and concerns regarding asset management and operation,
such as inheritance measures for business succession, property succession, and real estate operation.
To address the diverse financial needs of affluent individuals, real estate investors (property owners),
and sole proprietors with various challenges, this service has been introduced as a new solution utilizing real estate.
The service leverages the know-how of real estate finance cultivated through various real estate financial services,
including those of the company’s group companies and the expertise of the credit card business.
As a non-bank product unique to the company, it offers “freedom of fund usage,” “extreme-type loans,” “high-value loans,”
and “selectable repayment methods.”
Do you know ‘Otori-bukken’ ?
Truth be told,
We have to admit there are a number of
shady and dishonest real estate agents in Japan.
As a foreign investor considering investment opportunities
in the Japanese real estate market,
it’s crucial to be aware of the tactics some unscrupulous agents
employ to lure potential clients.
Are you an investor exploring alternative
real estate investment opportunities in Asia?
The recent changes in Singapore’s property tax regulations may prompt you to look elsewhere
for promising investments.
As a Japanese real estate agent specializing in assisting foreign investors,
I’m here to help you navigate this changing landscape and
discover the potential of Japan’s real estate market.
Akiya and Turning It into a Hotel?
Uncover the Legal Considerations
for Change of Use
If you’re mulling over the idea of buying an Akiya (unused house) in Japan
and converting it into a hotel, it’s crucial to familiarize yourself
with the legal considerations involved in modifying the property’s purpose.
In this blog post, we’ll highlight the primary aspects you need to
keep in mind before diving into this thrilling endeavor.
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blog for more news and valuable insights.