Yuzawa's troubled resort apartments now experiencing a renaissance
The collapsing market for Yuzawa’s cheap ski condos, where a one-bedroom apartment could be purchased for 100,000 Yen (US$760), might have bottomed out, with one local broker reporting that monthly inquiries have doubled since the pandemic started.
Japan’s most expensive resort towns
Wondering where the most expensive resort areas are in Japan? According to a ranking by proptech company PriceHubble on September 20, 2022, the beachside town of Hayama in Kanagawa Prefecture is top of the list with an average price of 410,000 Yen/sqm.
Niseko sees over 20 billion Yen a year in real estate sales
A 2.5-year closure to inbound travel hasn’t slowed investment in Niseko’s ski resort market with the Nikkei Shimbun reporting that the ‘Aspen of Asia’ has seen over 20 billion Yen (approx. US$138 million) in known real estate purchases by foreigners each year. The very recent weakening of the Yen this year is said to be contributing further to demand.
Aoshima is Kyushu's latest real estate hotspot
The small beachside area of Aoshima, in the southern end of Miyazaki City, is experiencing what local reporters are calling a real estate bubble.
Japan’s first hotel-condominium* to be built in Hakone
On April 8, The Sankei Building Company, Tokyu Land Corporation, and Relo Vacations announced a hotel-condominium project for the Sengokuhara district in Hakone. This is the first hotel-condominium project in Japan to utilize the Home-Sharing Business Act (aka the Minpaku law) introduced in June 2018.
Subscription-type cabins open by Lake Yamanaka
A subscription-type holiday home development near Lake Yamanaka at Mt. Fuji opened on March 4. The 14 contemporary cabins are spread across a 13,000 sqm site and are a 10-minute walk from the shore.
Karuizawa resort condos sell out
On November 29, real estate company ES-CON JAPAN announced that all 37 resort-style apartments developed in conjunction with Ost Development G.K. in Karuizawa had sold out prior to completion.
Karuizawa home of Nobel Prize winner demolished
The historic holiday home of Nobel Prize for Literature winner Yasunari Kawabata in Karuizawa has been demolished this month. The town had petitioned the current owner to allow the structure to be relocated but was unable to obtain their approval.
Soon you can rent Kisho Kurokawa’s capsule holiday home
Back in 1973, iconic modernist architect and a founder of the Metabolist Movement, Kisho Kurokawa, built a personal holiday home in the summer resort area of Karuizawa. Now, a crowdfunding venture is underway to raise funds to restore the unique home and make it available for holiday rentals.
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.