Government may introduce notification requirements for foreign buyers of sensitive land
The government is considering introducing legislation that would require advance notice to be submitted when a foreign national is purchasing land in or nearby areas considered to be of national importance. The draft bill is expected to be submitted to parliament sometime this year.
Japan property price index for September 2020
The latest property price index for Japan was released by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) on December 25.
Apartment rents in Tokyo hit record high in 2020
In spite of the widespread coronavirus pandemic and a state of emergency disrupting schools and workplaces, the average advertised rent of a condominium-type apartment across greater Tokyo hit the highest level on record in 2020.
Central Tokyo apartment sale prices reach new record high in December
According to REINS, 2,533 secondhand apartments were reported to have sold across greater Tokyo in December, down 9.9% from 2019. The average sale price was 37,390,000 Yen, down 0.5% from the previous month but up 5.3% from the previous year. The average price per square meter was 575,300 Yen, up 1.1% from the previous month and up 4.8% from the previous year. This is the 8th month in a row to record a year-on-year increase.
Quick real estate news summary for the week
Barneys closes Shinjuku store, ‘Himeji’s Trump’ real estate holdings hit with provisional administration order, and developer sells luxury rental apartment building in Tokyo. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Renewed interest in Atami during pandemic
Shizuoka’s hot spring resort city of Atami is seeing renewed interest from buyers looking for holiday homes they can telework from. Local agents have been seeing a rise in inquiries from potential buyers from the summertime onwards.
For Sale: Tadao Ando-designed house in Seijo
*UPDATE: This property is no longer available.
Very excited to find one of just a small handful of homes in Tokyo designed by famed architect Tadao Ando is on the market for sale. To my knowledge there are maybe 6 7 (?) private homes by Ando that are still standing in Tokyo, with most of his works centered around Osaka and the Kansai region.