Land prices continue to recover in 2021

Land prices are on the rise again, according to the latest quarterly LOOK Report published by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). In the fourth quarter of 2021, a total of 55 of the 100 surveyed locations saw land prices increase. This is up from just 15 locations in the fourth quarter of 2020.

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What is the lifespan of a house or apartment in Japan?

[Left] The Okuno Building (former Ginza Apartments), c1932; [Center] Warou Flat in Roppongi, c1930 ~ 1937; [Right] The 165+ year old Hosoda Residence in Nakano.

Do Japanese homes only last 30 years before they need to be torn down? Will you be kicked out of your apartment when the building reaches a certain age? There are a lot of tropes floating about regarding the lifespan of Japanese buildings, and the majority of these stories are based on incorrect information.

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