Tokyo Shines as Second Wealthiest City in the World, Despite Fewer Billionaires

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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.

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New Home Prices in Japan Continue to Rise, but Demand is Weakening

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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.

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Credit Saison Co., Ltd. has begun offering the “Saison Real Estate Free Loan” , a service that allows users to freely utilize funds within the limit, using their owned real estate as collateral.

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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.”

 

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Safeguard Your Investment: Understanding Bait Listings in the Japanese Real Estate Market

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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.

 

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Investing in Japan’s Ageing Condominiums: Opportunities and Insights for Foreign Investors Amid Legal Changes

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Investing in Japan’s Ageing Condominiums:

 

Opportunities and Insights for

 

Foreign Investors Amid Legal Changes

 

 

Are you a foreign investor interested

 

in Japan’s real estate market?

 

 

 

As a leading real estate agent for foreign investors, we’re here to provide you with the latest updates

 

and insights into the industry.

 

Today, we’re discussing the Japanese government’s proposed amendments

 

to the Condominium Ownership Act and what it could mean for you as a potential investor.

 

 

The Japanese government is considering amending the Condominium Ownership Act by the fiscal year 2024,

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Redefining Investment Strategies: Why Japan’s Real Estate Market is the Next Big Opportunity for Chinese Investors

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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.

 

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Transforming Akiya(unused house) into a Hotel?: Navigating the Legal Maze for a Successful Investment

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Contemplating Purchasing

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.

 

Stay up-to-date and optimize your investment by following our business

 

blog for more news and valuable insights.

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Invest in Japan’s Cultural Heritage: How Foreign Buyers Can Transform Abandoned Akiya Homes into Profitable Ventures

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Invest in Japan’s Cultural Heritage:

 

How Foreign Buyers Can Transform

 

Abandoned Akiya Homes

 

into Profitable Ventures

 

 

As Japan’s population declines and properties go unclaimed, an emerging segment of buyers is seeking out

 

rural architecture in need of renovation.

 

There are about 8.5 million abandoned houses, or akiya, across Japan,

 

accounting for roughly 14% of the country’s housing stock.

 

This number is expected to rise as the population continues to shrink.

 

According to an article in NYT, Australian software developer Jaya Thursfield and his Japanese-born wife,

 

Chihiro, purchased an akiya for 3 million yen (about $23,000) after relocating from London to Japan.

 

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Digital Nomads and Investment Opportunities in Japan: A New Era Unfolds

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Have you ever considered becoming

a digital nomad in Japan?

 

 

As the safest country in the world, Japan offers a diverse range

 

of entertainment options,

 

an unrivalled food scene and a unique blend of tradition and innovation.

 

With relatively affordable rent and a world-class healthcare system,

 

Japan is an increasingly attractive destination for digital nomads looking to

 

immerse themselves in a new culture and way of life.

 

Moreover, the Japanese government is actively encouraging

 

 

digital nomads and foreign investors

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Japan’s Skilled Worker Shortage: How the Proposed Changes to Immigration Policy Affect the Real Estate Market (Breaking News)

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Will permanent residency be

given to foreign workers?

 

 

As a real estate agent in Japan targeting foreign investors,

 

it’s important to keep up-to-date on the latest changes to immigration policy.

 

On April 24th, the Japanese government proposed a significant expansion of

 

the “Specified Skilled Worker 2” residency status, which allows skilled foreign workers to work in Japan.

 

If approved, this would allow for unlimited employment of foreign workers in 12 sectors facing labor shortages.

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