Newsletter
August 2005
Welcome to ffeilden
Property in Kobe, Japan
Welcome to the ffeilden newsletter, a newsletter for English speaking individuals or businesses looking to buy or rent property in Kobe, Ashiya and Nishinomiya in Japan. Please take a look at our website: www.ffeilden.com
Average Japanese land values down but Tokyo up.
At the beginning of August the Japanese National Tax Agency released figures that show the average value of land facing major streets in Japan fell for the 13 th year in a row. In Tokyo however, average values rose for the first time in the same 13 year period. In other major urban areas, the rate of decline slowed, indicating the market may be near bottom.
According to an article in an international newspaper, the average value of a square meter of land facing a major road was 112,000 yen, a 3.4% decrease compared to last year. A square meter in Tokyo is four times more valuable on average. Land in central and fashionable areas of Tokyo rose strongly in price.
Multi-Unit Apartment Buildings for Sale.
Turning now to investment property, a common pattern of property investment among Japanese investors has been to develop or buy whole apartment buildings, and rent out the individual units. There are usually some on the market, they are often small but the size, age and style can vary greatly.
There are five examples of apartment buildings for sale at the bottom of this newsletter ranging from five units to ten units in size. Apartment buildings are usually sold with at least some tenants in place (or sometimes fully occupied) which gives you a good idea of the potential yield.
For Sale in Kobe
Below we have put together another selection of apartments that we think have potential in the buy-to-let market.
Remember, we have access to all the properties registered for sale on the real estate agents network. And as always, you can request a search via our online application form
Buy to let Apartments
JR Sannomiya
7,800,000 yen
54.84 sqm
built in 1972
Located at the top of Fudo-zaka in Kitano-cho. Despite its age, it is a well maintained building. Fantastic night view of Kobe from the balcony.
Kobe Subway Shin Kobe
7,800,000 yen
47.76sqm garden space 18.00sqm
built in 1985
Convenient location for Shinkansen, Only three minutes walk to Shin Kobe Subway Station and supermarket.
JR Sannomiya
8,500,000 yen
62.23sqm
built 1978
Recently renovated cost. Top floor and south east corner with good view. 13 minutes to JR Sannomiya. Easy access to Shinkansen Station.
JR Sannomiya
8,500,000 yen
49.65sqm balcony 6.37sqm
built in 1979
Studio type. South east of Sogo department in Sannomiya. Plenty of trendy restaurants and cafes. Top floor, south facing.
Investment Buildings for Sale ( Žû‰vƒrƒ‹ )
The following are multi unit rental buildings for sale in Kobe.
Kosoku Kobe Shinkaichi (West of Kobe station)
18,000,000 yen
Land 23.1sqm
5 storey, 5 units, fully occupied. Total monthly rental income 239,000yen/m
Subway Okurayama
21,800,000 yen
Land 48.21sqm Building 139.55sqm built in 1972
4 storey, 4 units. Estimated monthly rental income is 198,000 yen/m
Hanshin Oishi
59,800,000 yen
Land 73.40sqm Building 234.16sqm built in 1988
6 storey, 11 units including a shop.
Estimated monthly rental income is 518,000 yen/m