Temporary upswing in real estate market in Sendai
The 2011 rosenka land valuations released by the National Tax Agency on July 1st showed a decline in land prices across Japan for the third continuous year. Concern is rising, however, over a large scale crash in prices in areas of Northern Japan that were affected by the Tsunami and Fukushima Daiichi Nuclear Power Plant where real estate transactions have almost ceased.
Sendai City, on the other hand, is experiencing a hike in emergency demand from displaced residents.Read more
Property values rising in Tsunami affected areas
Real estate transaction prices on properties in North Japan's tsunami affected coastline have seen recent increases since the March 11 earthquake. The buyers include residents who have lost their homes as well as property developers anticipating future redevelopment.Read more