Property values rising in Tsunami affected areas
Real estate transaction prices on properties in North Japan's tsunami affected coastline have seen recent increases since the March 11 earthquake. The buyers include residents who have lost their homes as well as property developers anticipating future redevelopment.Read more
Does your apartment building have earthquake insurance?
*If you own an apartment in Japan, you can take out optional earthquake insurance. This insurance only covers your apartment and does not cover the common areas of the building or the structure itself. The management association for the building can take out earthquake insurance on the common areas, but as it turns out, less than a third of all buildings are covered.
Owners of apartments in uninsured buildings are facing great repair bills as a result of the March 11 Tohoku Earthquake.Read more
The 2011 Japan earthquake and what it means for the real estate market
One month has passed since the March 11 Tohoku earthquake and tsunami. With strong aftershocks continuing and a nuclear disaster that was just upgraded to the maximum level, uncertainty remains over what will happen to the Japanese economy in the short and medium term.Read more
A message from Minato City regarding the Tohoku Earthquake
On April 5, 2011, Minato City released the following bulletin:
Damage within Minato-ku as of March 12, 2011
Minato-ku experienced a Shindo level (seismic intensity scale) of lower 5 on March 11. The whole of Tokyo was reported to have a Shindo level of upper 5, but exact levels within Tokyo varied. Click here to read about the Japanese seismic scales.Read more
Damage to Urayasu City and Tokyo Disneyland
The effects of March 11's earthquake were felt in Tokyo's bayside area which is mostly reclaimed land. There were cases of liquefaction, broken water pipes, gas outages and leaning buildings.
"The north side of our house has sunk about 20cm due to liquefaction and is leaning. Watery sand covered the garden." - reported one resident.Read more