PLAZA HOMES
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Stay informed on land prices, redevelopment projects, real estate taxes, and more with useful news and information for foreigners investing in Tokyo properties.
PLAZA HOMES provides real estate and relocation services connecting people from around the world to Tokyo properties.
PLAZA HOMES
2w ago
On March 26, 2024, the Ministry of Land, Infrastructure, Transport, and Tourism announced the official land prices as of January 1, 2024. The data for 2024 shows a 2.3% increase nationwide (1.6% in 2023) in the fluctuation of the average prices for all types of land zoning, and the rate of increase ..read more
PLAZA HOMES
2w ago
If a person who owns real estate in Japan, such as a foreigner or overseas resident, does not have an address in Japan, it will be necessary to declare and register the name or designation and the address of the contact person in Japan. Purpose of the revision of the law Real estate investment by J ..read more
PLAZA HOMES
1M ago
The following article was written by Ziv Nakajima-Magen – Partner & Executive Manager, Asia-Pacific Nippon Tradings International (NTI) Introduction In 2023, Japan's real estate market demonstrated remarkable resilience and adaptability in the face of evolving economic landscapes, shifting soc ..read more
PLAZA HOMES
3M ago
In recent years, there has been a growing trend of people purchasing preowned properties for renovation when buying a house. In Japan, many individuals opt for housing loans when buying a house, but loans are also available for covering renovation costs. Here, we provide guidance on the process, fi ..read more
PLAZA HOMES
3M ago
The Ministry of Land, Infrastructure, Transport and Tourism releases "Japan Property Price Index" every month. Based on the latest version (released on December 28, 2023), we will explain the trends in 2023. "Japan Property Price Index" is calculated based on information of approximately 300,000 re ..read more
PLAZA HOMES
4M ago
From 1 April 2024, application for inheritance registration will be mandated, and penalties will be imposed for failure to do so. This act will apply to all persons who inherit real estate in Japan, including Japanese nationals and foreigners residing outside of Japan. In the past, many people did ..read more
PLAZA HOMES
4M ago
Against the backdrop of a weakened yen, an increase in foreign tourists, and a rise in the number of foreign residents, there is a growing trend of real estate purchases in Japan by foreigners. The number of foreigners purchasing real estate such as condominiums and commercial buildings in Cen ..read more
PLAZA HOMES
5M ago
What should you do if you lose a key for a lease house? Here we provide guidance about how to handle losing a lease housing key and how much it costs for recovery or compensation. What should you do if you lose a key for a rental housing such as a rental apartment or a rental detached house? Here w ..read more
PLAZA HOMES
5M ago
In Japan, agent commissions are often paid in real property transactions, but many people may wonder why should they be paid? So, we will explain here what the agent commissions are and how the amounts are determined, etc., for the case of buying, selling, and leasing. What is an agent commission ..read more
PLAZA HOMES
5M ago
When taking out a housing loan, you are required to join “Group credit life insurance” as one of the conditions of the loan. Group credit life insurance is a life insurance policy specifically for housing loans that reduces the loan debt to zero in the event that a housing loan borrower dies or bec ..read more