kyoto-machiyaKyoto’s traditional machiya townhouses are a popular commodity with domestic investors looking to profit from the booming tourist industry.

Machiya are appealing for their charm and character which cannot be easily replicated in new construction. The traditional architecture and relaxing interiors are also a major drawcard for tourists travelling in families or groups.

The age of these old properties also has tax benefits. Brand new construction may have a useful life for tax depreciation purposes of 20 years or more, but with an older property, the depreciation can be amortised over just 3 ~ 4 years in some cases. For an investor with a high annual income, this could allow them to reduce their tax burden.

This content is available to paid subscribers only.

Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,200 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.

To join our paid subscription service and access over 3,200 news articles on Japan's real estate market, please register here.

Already a paid member? Log-in using your details below.