I bought an akiya over the summer, but it was very recent compared to what you usually cover (1985). I have since seen the other akiya directly adjacent also be taken over (one sold, one the son of the original owner has decided to renovate). Two other plots of land have now had new houses built on them. My builder was here earlier today and I should have my renovation estimate soon. I'm a remote worker, but that only started due to COVID. I think there are others in the same situation and that will drive 田舎 prices up.
Thank you for sharing this! Where is the Akiya that you bought? Good luck with the upcoming steps of fixing the place - hopefully the quote won't be too different from expected.
@@GoodOldHousesJapan Kujukuri area. I guess in part because of climate change, there are many more surfing days in a year than there used to be. So the town is full of surfers always and various businesses are sprouting up (coffee shops, guest houses, surfing instructors). Also, I think those who like surfing and now are remote or have a skill to be done anywhere are moving here. My LNP gas guy surfs every morning before his rounds.
I am so glad you're back I was kind of nervous and worried that you I thought maybe you gave up but I'm happy to see your new video and I'm glad I'm hoping that when I get to Japan here and I just a few months a couple of months that I can meet up with you and you can help me so don't even if you just get on the on there just to say hi to all your followers or something will be good enough as long as I can stay in contact with you I like your videos and I need your help
Post your telephone number and your location of your office so for us who go to Japan if we cannot contact because it's very important for us if we're going to get to get involved in getting a abandoned house
Thank you Marion! Yes I am always here in Kyoto. Do let me know when you visit. Here is my office. maps.app.goo.gl/iEqJ3gmqVQzYhQpd6 Do send me a mail before you come - most of the time I am travelling around places...
Nice vid, good to see you again. Price rise is relative, inflation has gone up a lot more than the official numbers seem to indicate. If we compare the prices to the change in buying power our money has over time its a very different picture.
Hello there and thanks for your infos about akiyas, in English! Otsukaresama desu! I'm actually in my home country France, but planning to go back in Kansai where I lived 25+ years - in Hyogo-ken ( my family is there/ son from Doshisha Univ.). Interested to purchase some place in Kansai, but hesitating between Osaka/ Kyoto/Hyogo- similar purposes as yours...I do interior design and renovations myself( side business), and created various commercial spaces around Japan for Japanese clients, and collaborated with local contractors ( yes, sometimes very uneasy)/ architects etc. One of my Japanese acquaintance has fully renovated ( he only ad to keep the structures as the original shapes, including roofs), 3 Akiya downtown Kyoto and rent them to foreign travellers, but as you mentioned, he faces issues with the local neighbors, as the traveler's do not always respect or understand the local policies (particularly noise/gomi issues)...Hope I'll meet you around someday when I'll search for a location, within the coming months. Gambate kudasai, 4649 🙂
Hi , you make very good video explaining about real estate in Japan . Could you share with us how we can verify that the actual agriculture land is the same land as on the land title. We have the title with the lot number and location . But is there away to check that the lot number is the actual land that we are planing to acquire ? The land title does not indicate the gps coordinates. Thanks for sharing ❤
Japan is finally inflationary, for the first time in my entire adult life. Non-residents can own property. They just can only live in it no more than six months in a calendar year. And for those of us who are residents (as I alluded to, I've lived here my entire adult life, I've never had a "real" job anywhere else, though I bagged groceries, cleaned theaters, and sold shoes as a teen and college student in the US), when we look at house prices abroad.... If we're in a more rural area or are remote workers (the pandemic sent me remote and that was made permanent), Japanese house money is the same is *car* money. I paid $45K for my house. That's SUV money in the US! My area, which is not even a 市 but a 町 and is definitely rural seems to be a popular area. Looks like I managed to squeak in first, because what was a block of akiya is now a block of occupied or soon to be occupied houses again. My elderly neighbors have been shocked by the rapid change.
People are buying up real estate because the yen has been crashing. In dollar value the yen lost 40% of its value recently. So keeping your money in the bank is a terrible idea. Investing in the stock market is an option but also very risky and most japanese are afraid of it. So real estate which is famous for going up with inflation looks like a decent option and many people are choosing it. Also since the central bank of Japan notified everyone that borrowing rates are going up in Japan soon people that want to buy a house with a mortgage are rushing to secure loans and buy themselves an house with cheap rates before the rates goes up and they cannot afford a mortgage anymore. However due to the population shrinking I don't think it's a good choice as the price of real estate beats inflation only if the demand remains constant or increases. Right now it is increasing because of the specific set of circumstances but once the borrowing rates go up I predict a housing crash even worse than before as any real demand will be dry for a while due to people that needed to buy having rushed to do so already and other people will wait for rates to go back down to buy again. Ultimately the real estate market is driven by macros not micros and the macros on Japan are just very negative due to shrinking population, relatively difficult immigration policies and high taxes. Japan could drive up property prices artificially if that was the objective but I don't see the japanese government passing strict zoning laws and strict laws about building codes which would effectively reduce the supply of housing by making many homes worthless and those that meet the requirements much more desirable.
Land will always go up eventually leaving people with regrets they didn’t buy back in the past. How to tell people you’re from Sydney without telling them you are I guess lol.
@@Cha4k I also think jp should keep its immigration policies in place. Yr crime rate will sky rocket and your way of living will never return again even tho jp isn’t isn’t perfect but why import more problems.
Such discrimination is not illegal in Japan yet (hopefully one day it will be), so it is sometimes better for agents to say this and clear out the bigots. It's a problem in apartment renting too. One of the advantages of having an agent is that they get to deal with the bigotry, and you don't have to face it directly. I speak from experience here. It's deeply unpleasant to face such discrimination and realise that no laws are being broken. It isn't just national origin or race either, native Japanese LGBTQ couples routinely run into the same issues.
I bought an akiya over the summer, but it was very recent compared to what you usually cover (1985). I have since seen the other akiya directly adjacent also be taken over (one sold, one the son of the original owner has decided to renovate). Two other plots of land have now had new houses built on them. My builder was here earlier today and I should have my renovation estimate soon. I'm a remote worker, but that only started due to COVID. I think there are others in the same situation and that will drive 田舎 prices up.
Thank you for sharing this! Where is the Akiya that you bought? Good luck with the upcoming steps of fixing the place - hopefully the quote won't be too different from expected.
@@GoodOldHousesJapan Kujukuri area. I guess in part because of climate change, there are many more surfing days in a year than there used to be. So the town is full of surfers always and various businesses are sprouting up (coffee shops, guest houses, surfing instructors). Also, I think those who like surfing and now are remote or have a skill to be done anywhere are moving here. My LNP gas guy surfs every morning before his rounds.
The only channel with actual informative videos!
Thank you I am very honored 😆
Great video as always! I am very thankful for the content you post! If it weren't for you I wouldn't have found my Akiya!
Thank you for the kind words! Where did you end up buying your Akiya?
@@GoodOldHousesJapan I ended up buying it in the fukui province by the sea with a tiny view of the ocean~
I am so glad you're back I was kind of nervous and worried that you I thought maybe you gave up but I'm happy to see your new video and I'm glad I'm hoping that when I get to Japan here and I just a few months a couple of months that I can meet up with you and you can help me so don't even if you just get on the on there just to say hi to all your followers or something will be good enough as long as I can stay in contact with you I like your videos and I need your help
See
Post your telephone number and your location of your office so for us who go to Japan if we cannot contact because it's very important for us if we're going to get to get involved in getting a abandoned house
Thank you Marion! Yes I am always here in Kyoto. Do let me know when you visit. Here is my office.
maps.app.goo.gl/iEqJ3gmqVQzYhQpd6
Do send me a mail before you come - most of the time I am travelling around places...
@GoodOldHousesJapan I wished I found you before I came home. I've been house hunting for the last two years!
Nice vid, good to see you again.
Price rise is relative, inflation has gone up a lot more than the official numbers seem to indicate.
If we compare the prices to the change in buying power our money has over time its a very different picture.
Hello there and thanks for your infos about akiyas, in English! Otsukaresama desu! I'm actually in my home country France, but planning to go back in Kansai where I lived 25+ years - in Hyogo-ken ( my family is there/ son from Doshisha Univ.). Interested to purchase some place in Kansai, but hesitating between Osaka/ Kyoto/Hyogo- similar purposes as yours...I do interior design and renovations myself( side business), and created various commercial spaces around Japan for Japanese clients, and collaborated with local contractors ( yes, sometimes very uneasy)/ architects etc. One of my Japanese acquaintance has fully renovated ( he only ad to keep the structures as the original shapes, including roofs), 3 Akiya downtown Kyoto and rent them to foreign travellers, but as you mentioned, he faces issues with the local neighbors, as the traveler's do not always respect or understand the local policies (particularly noise/gomi issues)...Hope I'll meet you around someday when I'll search for a location, within the coming months. Gambate kudasai, 4649 🙂
Hi , you make very good video explaining about real estate in Japan . Could you share with us how we can verify that the actual agriculture land is the same land as on the land title. We have the title with the lot number and location . But is there away to check that the lot number is the actual land that we are planing to acquire ? The land title does not indicate the gps coordinates. Thanks for sharing ❤
property price goes up with stock market like the 80s
I don't understand how land prices can increase when the poplation is shrinking and non-residents can't own property.
Japan is finally inflationary, for the first time in my entire adult life. Non-residents can own property. They just can only live in it no more than six months in a calendar year. And for those of us who are residents (as I alluded to, I've lived here my entire adult life, I've never had a "real" job anywhere else, though I bagged groceries, cleaned theaters, and sold shoes as a teen and college student in the US), when we look at house prices abroad.... If we're in a more rural area or are remote workers (the pandemic sent me remote and that was made permanent), Japanese house money is the same is *car* money. I paid $45K for my house. That's SUV money in the US! My area, which is not even a 市 but a 町 and is definitely rural seems to be a popular area. Looks like I managed to squeak in first, because what was a block of akiya is now a block of occupied or soon to be occupied houses again. My elderly neighbors have been shocked by the rapid change.
You are spot on @nippolitica, and thanks for sharing your experience and insight!
People are buying up real estate because the yen has been crashing.
In dollar value the yen lost 40% of its value recently.
So keeping your money in the bank is a terrible idea.
Investing in the stock market is an option but also very risky and most japanese are afraid of it.
So real estate which is famous for going up with inflation looks like a decent option and many people are choosing it.
Also since the central bank of Japan notified everyone that borrowing rates are going up in Japan soon people that want to buy a house with a mortgage are rushing to secure loans and buy themselves an house with cheap rates before the rates goes up and they cannot afford a mortgage anymore.
However due to the population shrinking I don't think it's a good choice as the price of real estate beats inflation only if the demand remains constant or increases. Right now it is increasing because of the specific set of circumstances but once the borrowing rates go up I predict a housing crash even worse than before as any real demand will be dry for a while due to people that needed to buy having rushed to do so already and other people will wait for rates to go back down to buy again. Ultimately the real estate market is driven by macros not micros and the macros on Japan are just very negative due to shrinking population, relatively difficult immigration policies and high taxes.
Japan could drive up property prices artificially if that was the objective but I don't see the japanese government passing strict zoning laws and strict laws about building codes which would effectively reduce the supply of housing by making many homes worthless and those that meet the requirements much more desirable.
Land will always go up eventually leaving people with regrets they didn’t buy back in the past. How to tell people you’re from Sydney without telling them you are I guess lol.
@@Cha4k I also think jp should keep its immigration policies in place. Yr crime rate will sky rocket and your way of living will never return again even tho jp isn’t isn’t perfect but why import more problems.
Contracters must be making a lot of money to not bother replying. Do they think that declining population means more work in the future?
It's a myth...I have only encountered this problem in Nara. The other regions I would at least have 2/3 of the people reply back.
telling them upfront that the owner is a foreigner is so strange, why would you do this? that is why noone is answering!
Better to weed out the people with stupid ideas to start with rather having them drop you mid process.
Certainly need to disclose those pertinent information upfront. It seems you dont 😊
Such discrimination is not illegal in Japan yet (hopefully one day it will be), so it is sometimes better for agents to say this and clear out the bigots. It's a problem in apartment renting too. One of the advantages of having an agent is that they get to deal with the bigotry, and you don't have to face it directly. I speak from experience here. It's deeply unpleasant to face such discrimination and realise that no laws are being broken. It isn't just national origin or race either, native Japanese LGBTQ couples routinely run into the same issues.
@@nippolitica you don't know how to play chess.
@@kattkatt744 very dumb