Newsletter
March 2006
Welcome to ffeilden
Property in Kobe, Japan
Welcome to the newsletter for English speakers looking to buy or rent property in Kobe, Ashiya and Nishinomiya in Japan.
See our website: www.ffeilden.com
Official Land Values
At the end of March every year, the Japanese Government publishes a list of land values for the whole of Japan. It is the result of a government survey and the results are published as “chika koji kakaku”.
After falling for 13 or 14 years, a pattern is emerging of land values recovering in Tokyo; and of values bottoming out and rising in key locations in other cities, and continued falls in non-prime locations. In Kobe, the land values in best areas are rising; and there are tentative rises in some other residential areas of Kobe.
Here are the trends we noticed after scanning through the numbers released in the press. In the newspapers we looked in, at the top end we found land valued at 24m yen per square meter in Tokyo’s Marunouchi, and 23m yen per square meter in Tokyo’s Ginza, both well up from last year. Prices inside Tokyo’s Yamanote Line are continuing to rise. For the rest of Tokyo, prices appear to be rising on the whole, but not everywhere.
At a nationwide level, there is a ripple effect from rising values in Tokyo that is lifting values in the downtown areas, and best areas of other large cities. However values have not been lifted in rural locations or small towns.
In central Osaka, we noticed some large rises in value. We saw figures for Umeda 1-chome at 5.9m yen per sq m, up from 4.9m last year.
Last year we reported falling values in Chuo-ku central Kobe, but this year values are mostly up. This could indicate the bottoming-out of the Kobe urban market. Most values in Nada-ku and Highashinada-ku are up, but Hyogo-ku and other areas are still falling. Values in Ashiya are strongly up. The current pattern for residential land in Kobe, is values rising in good residential areas in desirable parts of Kobe, like Okamoto, Mikage, and Hankyu Rokko (and Ashiya), and continued falls in other areas. There are more districts with rising values this year than there were last year. Almost all the districts where ffeilden is active (the hillside of Kobe) saw rising values this year.
Next year we wouldn’t be surprised to see the increases in values spreading to more neighbourhoods, not just the fashionable parts of Kobe.
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Value for money. Apartments in Kobe.
Below is a selection of value-for-money property we discovered on recent searches.
Mikage 6,800,000yen 68.47m2 3LDK
Top corner unit. South facing, sunny rooms and a fantastic view of Kobe. Tranquil and peaceful environment. Good school area. (Mikage Kita Elementary School and Mikage Junior High School)
Rokko 6,800,000yen 52.82 m2 3LDK
South facing, sunny apartment in a quiet corner of Rokko hillside. Fully renovated, reasonable monthly fee (11,550 yen/m). Close to mountain trails and a shrine with a stream.
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Motomachi 7,000,000yen 32.9 m22DK
This apartment is located on Sakaemachi Dori, quiet district near Motomachi station. Fashionable cafes and shops nearby. South facing with modest sized balcony. Needs redecorating. Photos available on request.
If you are interested in the above properties viewing is available on request. Please contact us for details.
For Sale or for Rent in Kobe
You can check the Properties on our website to see listings and photos of selected properties for sale and rent in Kobe, including some of those above.? Check the website regularly for new property.
http://www.ffeilden.com/listing/
This is just a selection of what is available. 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
www.ffeilden.com/form.php
ffeilden is the international marketing arm of Kubota Home. All real estate transactions are carried out through Kubota Home.