Japan's rosenka land values increase after 2 years
This year’s rosenka land tax values were released by the National Tax Agency on July 1, and it’s been a mixed bag with some areas seeing gains and others losses.
Quick real estate news summary for the week
Tokyo apartment prices continue to reach new highs, Hakuba sees 30% jump in land prices, and Japan loses ground in global real estate transparency ranking. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Hakuba to create database of real estate owned by foreigners
The town of Hakuba in Nagano Prefecture is about to start keeping track of real estate owned by foreigners. This database will be the first of its kind in the prefecture.
Local groups seek ban on unlicensed short-term letting in Hakuba
Hakuba’s local tourism associations are seeking a ban on short-term Airbnb-type accommodation because it could threaten the already-low operational rates of the village’s existing inns and hotels.
Hakuba’s Kirikubo and Shinden districts at the foot of the Hakuba Iwatake Ski Resort have 68 licensed lodgings that have operating ratios of around 15 ~ 20%, as reported by the Iwatake Tourism Association. The president of the Association says the village already has enough accommodation options for foreign and domestic tourists and believes that the new model of short-term Airbnb-type lettings is something more suited to a large city.
Land foreclosed within Hakuba ski fields for first time
The ski resort town of Hakuba in Nagano Prefecture recently held an internet auction for several parcels of land within ski fields. This is the first time the town has foreclosed on land that forms part of a ski course.
Four parcels of land were within the Hakuba Iwatake Ski Fields and seven parcels of land were within the Hakuba Goryu Ski Area. They ranged in size from 500 ~ 9,000 sqm, but only made up a tiny portion of the total ski field area. Prices ranged from 1.3 ~ 3.9 million Yen. Read more