Kagawa Prefecture offers free homes to evacuees

Kagawa Prefecture announced that they are offering free temporary housing for evacuees from the disaster affected areas of Fukushima, Miyagi and Iwate Prefectures. The offer applies to properties that are listed for less than 60,000 Yen/month, or 90,000 Yen/month for 5-person homes. The maximum lease term is 2 years. The Prefecture will also bear the costs of any necessary moving-out repairs as well as agency fees, with the final costs to be borne by the three affected Prefectures.Read more

by Zoe Ward

100 condominiums in Sendai City need rebuilding

In Sendai City, a condominium that was seriously damaged by the March 11 Tohoku Earthquake is scheduled to be demolished. Sunny Heights Takasago is a 14-storey apartment building with 189 units. The earthquake damaged the foundations and the building began to lean at a dangerous angle, threatening neighboring buildings. Demolition is scheduled to begin by the end of December and should be completed within 6 months. This is the first case in Sendai City of an apartment building of this size being demolished due to the effects of the Tohoku earthquake, but it won't be the last.Read more

by Zoe Ward

Buy-back scheme for tsunami-hit land

The Japanese Government has announced a new buy-back scheme whereby the  residential and farming land along Japan's tsunami-hit coastline will be bought up by the relevant cities and towns at slightly higher prices.

The purchase price for the land will be calculated by its estimated market value in five years from now. This is based on the government's 5-year post-quake reconstruction plan which includes restoring all infrastructure to the disaster-hit areas.Read more

by Zoe Ward

Damage to Cultural Properties in the Great East Japan Earthquake

The following is a list of Japan's designated cultural properties that suffered damage from the earthquake and tsunami on March 11, 2011. In the Tohoku region, a total of 250 cultural properties were damaged, while in the Kanto area, which includes Tokyo, a total of 435 cultural properties suffered damage.

Built in 1906, Izura-Rokkakudo in Kita-Ibaraki City was washed away by the March 11 tsunami.

Read more

by Zoe Ward

70 - 80 percent drop in rosenka land values in Tohoku

In order to account for changes in land values due to the March 11 Tohoku disaster, Japan's National Tax Agency (NTA) announced adjustment ratios, or scaling factors, for the 2011 rosenka (prices of land fronting major roads). Along with the 1995 Hanshin Earthquake, this is only the second time in history that adjustment ratios have been introduced.Read more

by Zoe Ward

Housing starts in Tohoku up 18.5% and 59.3% in Fukushima

According to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), the new housing starts for the 6 prefectures in Tohoku had increased by 18.5% to 4523 units in August, compared to the same month in 2010. This is the second continuous month of increases.Read more

by Zoe Ward

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

by Zoe Ward