Tag Archive for Real state investing

Surrounded by the forests unique kominka houses close to skiing resorts and delightful onsen hot springs in Niigata prefecture : Only 80 mins from Tokyo

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A relaxing, open plan space where each person can find their own way to chill out ?

Why don’t you try Niigata ?

Niigata prefecture is renowned for beautiful mountains and skiing resorts.

In addition, since Niigata is a major production center for high quality rice,  Niigata boasts many Japanese sake brands.

If you take Niigata shinkansen(bullet train) from Tokyo station, it takes only 80 mins to Echigo-yuzawa station.

From Echigo-yuzawa station, you can reach a number of delightful skiing resorts within one hour.

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10 mins from a lovely ski resort in Naganao : Akiya property samples

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（Hakuba-dake in Nagano)
Do you want to get a taste of traditional Japanese country life where you can reach a gorgeous ski resort in 10 mins ? 
There are more than eight million vacant properties(it is called akiya in Japanese) in Japan and the number  of akiya is increasing. Recently we have received a number of inquiries from all over the world from people who want to buy akiya. In fact, searching akiya is not as easy as you might think because majority of akiya is not widely listed. You can find only a friction percentage of akiya online.
Today we pick up a few sample akiya properties in good spots in Japan.

1 Kyoto prefecture (one and half hours from Kyoto city center)
2 Chiba prefecture (close to the beautiful ocean)
3 Nagano prefecture (10 mins to a ski resort)
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Can foreigners buy a property in Japan ? : Fundamental rules when acquiring a property

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Interested in buying a property in Japan where the country risk is lowest in the world ?
Japan is a rare Asian country insofar as it allows foreigners to buy a property. Foreigners can buy both land and building without special qualification.　When it comes to buying a property here, Japan has very few restrictions than the Western countries.

Ownership rights to land and building in Japan by a foreigner is also permitted just like Japanese citizens.

When a registrar has made a registration of ownership with respect to a real property with Legal Affairs Bureau, he/she shall can officially claim the title deeds of the property. However, there are restrictions on agricultural land (farmland). You need to get prior permission from a local agriculture committee (nogyo-iinkai) or governor when you buy the farmland. At least one corporate manager (one member of new owner) has to engage in full-time farming. In other words, if you want to buy farmland, you must become a farmer. The

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The best buy places to own a new condo unit in Japan

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（Kashiwa station, Chiba)

Do you want to know the best buy places to own a condo unit in Japan ?

Toyokeizai, one of the renowned business magazines in Japan
recently featured the unique real estate (condo unit for home) information in Japan.

The magazine picked up some best buy railways stations in greater Tokyo, Osaka and Nagoya to own for your home.

The ranking is based on unique method of PER (Price Earning Ratio).
This particular PER is used to calculate the length (years) to pay back the property price
(new 3 bed room unit with 70 m2) if you rent out.

For example, Read more

What to Know About Defects Problems and Industry Issues in Japan Before You Buy a Condo

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In Japan’s condominium industry, there are some serious issues.
In 2015,  there was a huge scandal involving the condo complex called
“Park city La La Yokohama” developed by Mitsui Fudosan.

Mitsui Fudosan is the top developer in Japan.

Construction based on false data was carried out in October 2015, and a scandal where the building was inclined was discovered because the plurality of piles did not reach the appropriate depth in the ground. Safety for earthquake resistance was suspected.Read more

Buying a house in Japan ? Here’s all-too common mistakes to avoid

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We don’t need to tell you about the brilliance of Japan quality: detailed, good service and competitive price etc etc.  But for how good Japan quality in general is, it’s equally easy to screw up. Badly.
Japan’s real estate industry and construction industry are full of fraudulent companies.
A number of them are rogue (of course, there are good and trustworthy companies, too.)
You need to be very careful to deal with them.
When you build your brand-new house in Japan, you must be extra mindful because it could be a disaster if it goes wrong.
It is widely known to the industry professionals that the laws are not necessarily protecting the consumers
(customers).
Why is the owner (consumer) in so disadvantageous position ?

There are five main reasons.
1.The industry is not seeking a repeat business so they don’t look after customers well
2. High overhead cost
3. The related laws have many loopholes
4. The owner(customer) trusts the contractor  (real estate agents and builders included) too much
5. Victim’s tragic stories are not widely reported in the media.

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Pitfall of the condo unit investment in Japan : Management company and work matter

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There are many apartment buildings which are failing in the their management in Japan.If you live in the apartment buildings you have to be cautiously attentive how your building is managed.

What about the property for the investment ?

KENBIYA (major Japanese property web site) recently wrote an interesting story about the management of the residential buildings (both for living and investment) 

As an investor, perhaps the management of the building does not seem to be your business but I have to warn you that actually the management of many residential buildings for the investment is more likely to
be failing.

But Why  ?

The reason is very simple. Owners (investors) don’t care because they don’t live there.
In some cases monthly management fee (管理費）is not paid by many owners, management fee (fund) is spent improperly. In some cases someone took the money and run away.

Case 1
Serious trouble of the property for investment that were built the bubble period.
One of the relatively common examples is the an apartment in Tokyo, which is close to the city center.
These buildings (usually with units of studios) were built as a tax saving measure for salaried workers in the bubble period.

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Fast track for permanent residency for highly skilled foreigners :Japan’s Groundbreaking New Green Card system

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Japan dramatically relaxed Green Card system !
Bold new opportunity to obtain Japan’s new Green Card.
Are you interested in Japanese Green Card with Japan’s social security and universal healthcare service ?
Here is what you should do. 
Invest in the property here and get the ‘business manager’ status.
Japan is facing the acute shortage of workforce.
To address the issue, Prime Minister Abe has been drastically relaxing the immigration control for both low skilled workers and high skilled professionals.
Japan needs both low skilled workers as well as advanced skilled managers.
There is a new visa category called Highly-Skilled Professionals (HSP).This new category was relaxed dramatically last year and now Japanese government is offering preferential treatment for the category, which makes applicants much easier to apply for the so-called
‘GREEN CARD’.

In this relaxed category, HSP can apply for ‘GREEN CARD’ earliest within ONE YEAR (subject to your points) after you
get status of HSP. The Green Card application procedure is based on the points-based system.
The new approach follows the government’s introduction of a point system for highly skilled professionals in 2012.
Under this system, people are scored according to factors such as academic background, career background and annual salary, and are categorized under the field of “academic research,” “technical activities,” or “business management.”Read more

The lure of Japan’s hidden treasures “Akiya” : Why are so many houses empty in Japan ?

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Terrifying hidden crisis or treasures ?
In Japan, recycling is so much part of our culture.
And yet, it is also the norm for Japanese to demolish their houses with almost less thought than most people would give to disposing beloved ceramic bowls.
People believe homes are usually built to last 50 odd years. Japanese building culture is often described as ‘scrap and build’.
The reasons for this phenomenon range from the ageing to need for constantly updating building technology as it revolves.
With shrinking population, the result is a housing problem that is the opposite of what most countries face. Japan has too many houses that no one wants.
According to the government statistics, the number of vacant houses (空き家、akiya) in 2013 reached 8.2 million.
(But the 8.2 million includes houses/apartment units for rent that are only vacant temporarily as owners try to find tenants or buyers. So genuine empty homes that have been abandoned altogether number about 3 million)
Moreover, many who inherit a house are unable to sell them because of a shortage of interested buyers. The problem is particularly acute in rural areas.
According to one statistics, the top ten ranking of akiya in prefectures as of 2013 was as follows.
(The number indicates the percentage of akiya in dwellings of  each prefecture)
In these prefectures, 1 out 5 properties are empty.

1.Yamanashi   22%
2.Nanago        19.8%
3.Wakayama   18.1%
4.Kochi            17.8%
5.Tokushima    17.5%
5.  Ehime          17.5%
7. Kagawa        17.2%
8. Kagoshima   17.0% 
9.Gunma           16.6%
10.Tochigi          16.3%
10. Shizuoka     16.3%

（top10 ranking)

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Japan’s real estate price update: Price up for 3 consecutive years. Very strong growth in Tokyo buoyed by the booming inbound tourism

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(Ginza, Tokyo)

The results are in. You will be surprised to learn that Japan’s real estate price -at least some spots are- is breaking the record set during the bubble period.

On July 2, 2018, the National Taxation Bureau announced the average value of a square meter of land for tax assessment as of January 1 2018.The nationwide average price went up by 0.7% from the previous year and it increased for three consecutive years. By prefecture, growth is high in the three major metropolitan areas such as Tokyo (up 4.0%), Osaka (up 1.4%), Kyoto (up 2.2%), Aichi (up 1.5%)The rate of growth is higher in all three major metropolitan areas than the previous year.The rate of growth in core local prefectures is rather high such as Hokkaido (up 1.1%), Miyagi (up 37%), Hiroshima (up 1.5%), Fukuoka (up 2.6%).Average price in Okinawa was up 5.0% and it is the highest rate of increase in Japan.
Here are some key facts.

Tokyo
In Tokyo metropolitan, the average price went up 4.0%, the five consecutive years.
Ginza Chuo-dori has broken its record high for the second year in a row.The top appreciation in Tokyo was 15.8% at Aoyama Street, Minato-ku, Aoyama 3, which is also an upscale residential area. A number of luxury brand flagship stores are located in the area.In terms of growth rate, Aoyama regained the top place for the first time since 2007.The second spot is Adachi-ku Senju 3’s Kita-Senju Station West Exit Square  and it went up by 14.5%.In addition to the revitalization of the area due to the effect of a few universities campus being relocated, the convenience to the center of Tokyo boosted it.
These are the some major and the most expensive spots in Tokyo 23 wards.
(price per square meter ‘000 yen and the growth rate)Read more