Tokyo is taking a significant step forward in urban innovation with a major redevelopment project that will transform the cityscape. Mitsui Fudosan is leading an extensive redevelopment of the iconic Tsukiji Fish Market site. This endeavor not only aims to elevate Tokyo’s global stature but also enhances its appeal as a destination for tourists and business travelers alike. The Plan and Its Proponents Announced on April 19, 2024, by the Tokyo Metropolitan Government, the Tsukiji site, which spans approximately 20 hectares, will see a metamorphosis into a bustling metropolis centerpiece—a state ..read more

Introduction The Japanese yen has recently dipped to its lowest level against the US dollar in almost 34 years, offering a prime investment opportunity for foreign investors, especially those with US dollars. This significant depreciation boosts the buying power of the dollar, making real estate investments in Japan increasingly appealing. Yen’s Continued Decline On April 17, 2024, the Japanese yen experienced its fifth consecutive day of decline in the Tokyo foreign exchange market. At 5 pm, the currency traded at around 154.62-64 yen per dollar, marking its lowest level since June 1990. This ..read more

Purchasing a home is one of life’s most significant financial decisions, and in Japan, the government offers a helping hand through the Housing Loan Tax Deduction system. This scheme is designed to ease the financial burden on homeowners by allowing them to deduct a portion of their housing loan balance from their income and resident taxes. This article delves into the intricacies of the Housing Loan Tax Deduction, its benefits, eligibility conditions, and the application process, providing a thorough guide for potential and current homeowners in Japan. Understanding Housing Loan Tax Deduction ..read more

For decades, Japan—and Tokyo in particular—had a reputation as one of the most expensive places in the world to live. However, since the recent rapid depreciation of the yen against the U.S. dollar, euro, British pound, and other major currencies, the tables have turned. Japan is now a relative bargain. Let’s unpack just how much it generally costs to live in Japan compared to the cost of living in some other parts of the world. Overall While there are exceptions, Tokyo, Japan’s most expensive city, is currently a good deal.  According to the online cost-of-living index Numbeo, assuming a ..read more

Some popular myths and misconceptions about real estate in Japan tend to follow three main themes, including the belief that discrimination against non-Japanese foreigners may limit choice, pricing, and whether residential property is durable enough to withstand Japan’s relatively frequent natural disasters. While there is, of course, an element of truth in all of these misconceptions, it is possible to dispel most of them. 1. It’s Difficult for Foreigners to Purchase Real Estate False. Foreigners can buy property in Japan with almost the same rights as Japanese citizens, regardless of their r ..read more

Japan has developed a world-leading commitment to building safety and resilience in response to its frequent seismic activity. With a history marked by significant earthquakes, the nation’s approach to construction and urban planning prioritizes the protection of lives and property. This guide delves into the evolution of Japan’s earthquake standards for buildings, offering homeowners, builders, and architects a detailed understanding of the stringent regulations that have positioned Japan as a leader in seismic safety. Understanding Earthquake Standards Japan’s earthquake standards are not me ..read more

In the bustling heart of Kyushu, Fukuoka City is witnessing a dramatic escalation in resale condominium prices. Data from the Fukuoka Prefecture Real Estate Transaction Association shows a notable increase to an average of 27.4 million yen (approximately $180,000) for resale condos in both the urban and suburban areas during the last quarter of 2023. This marks a 12% increase from the previous year and a substantial 39% rise since 2019. Local Real Estate Market Stunned by Rising Prices Many industry professionals have been surprised by the swift rise in resale prices, which in some cases excee ..read more

The bustling heart of Japan, Tokyo’s 23 wards, has rapidly become the go-to spot for lucrative condominium resales, outperforming other regions across the country. Insights from Tokyo Kantei, a leading name in real estate analytics, highlight the central districts of Tokyo as the epicenter of this surge, with values skyrocketing and catching the eye of investors worldwide. Understanding Resale Value in Tokyo’s Property Market Resale value, simply put, is what an asset like a condominium is worth after a certain period. This metric is crucial for investors and homeowners alike, indicating how w ..read more

Tokyo, a city that seamlessly blends the ultramodern with traditional splendor, attracts a diverse international community. However, finding a new home in Tokyo can be challenging for many expatriates, from navigating the language barrier to understanding local rental practices. Fortunately, there are several real estate agencies in Tokyo that specialize in serving foreign residents, making the transition as smooth as possible. Recognizing the importance of having a knowledgeable and experienced real estate agent, we’ve curated a list of agencies in Tokyo that excel in catering to foreign clie ..read more

When searching for rental properties in Japan, you’ll encounter various terms related to internet connectivity—such as “internet compatible,” “connectable,” and “free.” But what do these terms mean, and how do they affect your choice of rental? This guide will help you navigate the world of internet options in Japanese rental properties, ensuring you make an informed decision. Four Main Types of Internet Connections Firstly, it’s essential to understand the four primary methods through which rental properties in Japan connect to the Internet: Fiber Optic: Offers the fastest internet speeds, i ..read more