Archive For The “2011 Tohoku Disaster” Category

Miyagi Prefecture’s vacancy rate set to rise

Miyagi Prefecture’s vacancy rate set to rise

Local governments in Miyagi Prefecture are paying close attention to vacancy rate trends as demand for temporary housing following the Tohoku disaster is expected to be short-lived. The prefecture has a vacancy rate of 9.4%, making it the lowest in Japan and the only prefecture with a single digit vacancy rate. The low number of…

Out-of-date land titles slowing down redevelopment in Tohoku

Out-of-date land titles slowing down redevelopment in Tohoku

Reconstruction and relocation efforts in the disaster-hit areas in Tohoku are being stalled as out-of-date property records are making it close to impossible to locate landowners.  In the town of Otsuchi in Iwate Prefecture, over half of the homes were either severely damaged or completely destroyed in the 2011 disaster. Barely any progress has been…

Tohoku’s traditional homes slowly vanishing

Tohoku’s traditional homes slowly vanishing

Repair bills up to 100 million Yen or more Yoichi Haryu, 57, owns a 2-storey home and storehouse in Wakabayashi-ku, Sendai City. The buildings date back to the late Meiji ~ early Showa era. The 2011 earthquake caused the beams to twist and bend and the wooden posts to twist and come unstuck.

Residents suing developer for landslide damage

Residents suing developer for landslide damage

Residents in Aoba-ku, Sendai, are suing the developer of their subdivision for 200 million Yen in compensation after their homes were destroyed by landslides in the 2011 Tohoku Earthquake. 8 residents from five households in the Minamiyoshinari area in Aoba-ku (map) are claiming that the Sumitomo Mitsui Construction and Mitsui Home failed to adequately prepare…

Sendai’s property bubble

Sendai’s property bubble

Somewhat sensationalist magazine Nikkan SPA has reported that Sendai is experiencing a property bubble brought on by the reconstruction work following the Tohoku disaster.

Govt urges landowners in Fukushima evacuation zone not to sell

Govt urges landowners in Fukushima evacuation zone not to sell

The government is requesting that residents from the evacuation zones near the Fukushima Daiichi Nuclear Power Plant refrain from any real estate transactions within the area until evacuation orders are lifted. The warning is to avoid any potential trouble arising after Tepco pays compensation to landowners and to ensure a smooth reorganization of the zones….

Residents move back into ‘completely destroyed’ building

Residents move back into ‘completely destroyed’ building

After a year and four months of waiting, residents of “Neo Heights Kuwano” in Fukushima’s Koriyama City have been given the all-clear to move back into their apartments after the building was repaired following serious damage sustained during the Tohoku earthquake last year. The first four floors of the building suffered damage to their exterior…

Accommodation shortages creating headaches for businesses in Miyagi and Iwate

Accommodation shortages creating headaches for businesses in Miyagi and Iwate

The disaster-hit Tohoku region is experiencing a severe shortage in rental accommodation and local real estate companies are hurting. “Despite inquiries increasing day by day, we have no properties on our books. We have clients in our office but no properties to show them. Our revenues are plummeting.” – President of a property management company…

Town in Fukushima demands 19.2 billion Yen in compensation for lost real estate

Town in Fukushima demands 19.2 billion Yen in compensation for lost real estate

The town of Futaba, which fell within the exclusion zone around the Fukushima nuclear plant, is demanding 19.2 billion Yen (234 million USD) in compensation from TEPCO for the loss of use of the town’s real estate. The town is claiming damages for loss of use to town-owned land, government buildings and schools. There are…

An update on building damage from the Tohoku earthquake

An update on building damage from the Tohoku earthquake

Just after the March 11 Tohoku earthquake it was announced that zero buildings had collapsed, which everyone naturally assumed was a testament to the strict building codes in Japan. However, it has now been acknowledged that 100 apartment buildings in Sendai city have been completely destroyed.

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