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.
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The following is a selection of apartments that were reported to have sold in central Tokyo during the month of December 2020:
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Saitama tops net inflow of residents, Hotel Grand Palace to suspend operations, and rental brokerages see drop in transactions. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
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According to a survey by MORI Building of companies with headquarters in Tokyo’s 23 wards, 24% of them have plans to lease new office space. This is a 3 point decrease from the previous survey conducted last year.
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New apartment supply to increase 31% next year, US$7 billion bet that Japan’s telework trend is short-lived, Nuveen and Kenedix acquire more apartment buildings in Tokyo, and 6% of Osaka’s restaurants shut admist pandemic. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
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According to the Ryugin Research Institute, the average price of a 70 sqm (753 sq.ft) second-hand apartment in Okinawa as of October 2020 was 2.1 times higher than it was back in 2008.
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Tokyo’s office vacancy rate hits 4%, cash bonus for anyone who moves near the Fukushima nuclear plant, and apartment rents drop in Tokyo and Yokohama. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
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The median discount on an existing apartment sold in Tokyo’s 23 wards was just 1.04% in November. This is a 0.7 point drop from November 2019. 43% of transactions sold at their full asking price, up from a 31% share in 2019.
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According to REINS, a total of 3,620 second-hand apartments were reported to have sold across greater Tokyo in November, up 14.0% from last year and the highest number seen for the month of November since REINS began recording data in May 1990. Detached home sales set the same 30-year record in November with 1,303 reported transactions, up 23.6% from last year and the 5th month in a row to see a year-on-year increase.
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Hiramatsu to open new hotel in Karuizawa, 1 million Yen on offer if you relocate to the countryside, and real estate companies expect pandemic-related conditions to continue for next few years. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
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