Historic villa in Hayama to open as holiday rental
A historic 1920s villa in Hayama has been restored and will open up as a short-term holiday rental next month.
Troubles continue for Japan’s hotel industry
Several bumper years of growth for Japan’s hotel and tourism industry were brought to a swift end this year as foreign tourists were locked out by international travel bans. Domestic tourism also remains sluggish despite some efforts by the government to subsidize travelers.
Osaka sees steep drop in registered short-term accommodations
Almost a third of Osaka’s short-term ‘minpaku’ listings have been deregistered by their hosts since the start of the pandemic.
Quick real estate news summary for the week
New hotel opens in Karuizawa, typhoon damage to Japan’s oldest apartment building, and office rents drop for the first time in 7 years. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Japan’s biggest building-to-be just got a little bigger
The trillion-Yen Tokiwabashi Project, under development by Mitsubishi Estate near Tokyo Station, has had an exterior redesign and a few floors added. With an expected height of 390 meters, this will be Japan’s tallest building when completed in 2027.
Quick real estate news summary for the week
Investors re-start protests outside troubled bank, residential tenants change their priorities, and Kanazawa hotel projects feel the pain of the pandemic. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
Hotel investors seeking bargains in Okinawa
International travel bans and a State of Emergency have savvy investors on the hunt for distressed hotel sales in Okinawa. According to the Ryukyu Shimpo newspaper, desperate hotel and resort owners are finding plenty of demand from corporate investors from the mainland and even overseas.