Thinking of converting multi-family to short-term furnished rentals?
With cap rates on some multi-family buildings in Tokyo now in the 3% range, furnished or short-term say rentals in Tokyo are an appealing tactic for investors looking to squeeze out some higher rents. We have sourced a few of these options recently that are available for purchase while still under construction.Read more
Domestic REIT acquires multi-family portfolio at 3.7% cap rate
Japan Metropolitan Fund Investment Corporation (JMF) is acquiring the trust beneficiary rights to four rental apartment buildings in Tokyo for 9.5 billion Yen (approx. US$63 million), with an appraised net yield averaging 3.7%.Read more
Ebisu apartment rental offers Tesla car sharing
Landlords continue to get creative with their rental properties with one in Ebisu offering a Tesla car share for residents. A Tesla Model Y will be available for rental to the building’s residents from April.Read more
Almost 80% of young renters want an apartment building less than 20 yrs old
AtHome conducted a nationwide survey of renters in their 20s to find out what they’re looking for when renting an apartment.Read more
Here’s where apartment rents are increasing the most across Japan
Rents for more spacious ‘family-type’ apartments in Japan’s major cities reached record highs in October, according to a report released by multiple-listing provider and data aggregator AtHome. The larger-sized rental housing is becoming an interesting segment of the market to observe as would-be homebuyers are starting to shift to rental housing as they become priced out of the condo market.Read more
Tokyo’s apartment rents increase 0.2% in November
According to Tokyo Kantei, the average monthly rent of a condominium-type apartment in Tokyo’s 23 wards was 4,236 Yen/m2 in November, up 0.2% from the previous month and up 10.7% from last year.Read more
Tokyo's luxury real estate market is even cheaper now
Luxury housing in Tokyo still remains the cheapest amongst the top global cities by a long shot, and it has only become cheaper as the year progresses.Read more