Buying an older “vintage” apartment in Japan

-- What is the service life of an apartment building?
In Japan, an apartment's value is depreciated for tax purposes. From the moment it is new, the value is depreciated each year until the value reaches zero. The period until it reaches zero is called its service life. For reinforced concrete apartment buildings, the depreciation term is set at 47 years. This is only used for tax purposes as the...

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