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 in Sendai City.

The months of February and March are typically the busiest and provide the largest revenues for the company, however they currently have no vacant studio apartments and accommodation is severely limited.Read more


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 a total of 51 unusable buildings that were mentioned in the claim. A representative from TEPCO said this was the first time they received a real estate related claim from a town or city.Read more


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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Six hotels demand compensation from TEPCO

Six hotels in Akita Prefecture are seeking a total of 12.8 million Yen (166,000 USD) in compensation from TEPCO. The hotels claim that the nuclear power plant disaster has led to cancellations from foreign visitors, which has reduced their operating revenue.

The hotels are part of the Akita Prefecture Ryokan Association. The Association submitted the claim for compensation to TEPCO on their behalf. The claim by each hotel ranges from 120,000 to 5,200,000 Yen.Read more


3480 homes completely destroyed in Kanto area following Tohoku disaster

An investigation by the Tokyo Shimbun has found that as many as 3480 homes in the Kanto area were completely destroyed in the Tohoku disaster. A further 2815 homes were partially destroyed and will need to be demolished. In some areas, the number of partially destroyed homes equalled the number that were completely destroyed.

Homeowners may be eligible to receive a maximum of 3 million Yen as compensation, but high construction costs mean that very few homes are being rebuilt. It has been almost 11 months since the disaster and the full extent of the damage is only now coming to the surface.Read more


Osaka sees first net inflow of new residents since 1973

The Ministry of Internal Affairs and Communications released information on the migration movements within Japan in 2011 using data from the basic resident registers. Iwate, Miyagi and Fukushima Prefectures each saw a net outflow as residents moved out of the disaster-struck areas. The number of residents moving out exceeded the number of residents moving in to these three prefectures by 41,226. This is the first time since 1970 that the number has exceeded 40,000 residents.Read more


Residents suing Mitsui over liquefaction damage

Approximately 32 residents from Urayasu City, Chiba, are suing Mitsui Fudosan for 700 million Yen after their townhouses were damaged by liquefaction during the Tohoku earthquake.Read more