Newsletter
October 2005
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
Buyers from Overseas.
In the past few years there has been a lot of news about big non-Japanese companies buying landmark buildings in Japan. A well known example is Seagaia in Kyushu.
Well, in an interesting recent development for us, we are starting to see small western investors and individuals looking to invest in Japan. Is it simply that overseas domestic property bubbles have run their course, or could it be that Japan is finally looking like an investment opportunity?
Not only have we been getting enquiries from overseas buyers interested in buying apartments for themselves, we have had not one, but two, serious enquiries from small UK investors interested in buying apartment buildings in Kobe. By ‘apartment buildings’ we don’t mean single apartments, we mean buildings containing several tenanted apartments. We still know of several of these apartment buildings on the market priced around 200 million yen.
Following on from last months newsletter on the subject of land values, a ministry report said that nationwide residential land value fell by 3.8% to summer this year, compared with a fall of 4.6% a year earlier. Meanwhile in The Economist newspaper house-price % change index, Japan was firmly at the bottom of the table showing house prices falling by 5.4% in the year to Q2 2005.
Since the valuation in summer, Japanese newspapers have been much more upbeat about the property market.
For Rent in Kobe
We have added a new page to our website to display Property for Rent. This is property we have selected as interesting to the English speaking community. Here is the new page of the website.
http://www.ffeilden.com/listing_rental/
Remember, we have access to all the properties registered for sale and rent on the real estate agents network. And as always, you can request a search via our online application form