Japan’s skyrocketing hotel prices

A quickly recovering inbound tourism industry coupled with a labor shortage has caused hotel rates in some areas in Japan to far exceed pre-pandemic pricing.Read more

Kyoto's kominka matching program connects buyers with 200+ year old homes

Since its formation in April of last year, Kyoto Prefecture’s kominka matching program has already found new residents for nine historic properties. One of those is a 250-year old estate that once belonged to the village headman.Read more

Rihga Royal Hotel Kyoto changes hands in May

Kyoto hotels are back on the radar for major real estate firms and investors, as the historic former capital recovers from the pandemic. Last month, Mori Trust acquired the Rihga Royal Hotel Kyoto from Fortress Investment Group for an undisclosed price.Read more

Kyoto City's 'akiya' vacant home tax approved

Kyoto City’s plan to tax owners of vacant homes was approved by the Ministry of Internal Affairs and Communications in March, which means some ‘akiya’ or unoccupied homes will come with an additional annual tax. The new tax will not be imposed immediately - it may start in the 2026 fiscal year - and will not be applied to all vacant homes.Read more

More details on Kyoto’s new building height rules

The city of Kyoto is planning to relax building height limits on the southern side of Kyoto Station in an effort to attract more office and residential development.

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Togo Murano-designed hotel in Kyoto to close its doors

Hotel Rubino Kyoto Horikawa will permanently close next March as the prolonged pandemic takes its toll. The hotel was designed by iconic modernist architect Togo Murano and opened in 1972.

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Less than 3% of Kyoto's machiya avoid demolition

A recent attempt by Kyoto City to save its historic machiya townhouses has only resulted in 5 out of 170 properties avoiding demolition. Back in 2016, a survey found that as many as 800 traditional machiya townhouses in Kyoto were being demolished each year. With an estimated 40,000 machiya in the city, they could vanish within the next 50 years, leaving no trace of the city’s merchant past.

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