Real Estate in Japan industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Essential resource for top-line data and analysis covering the Japan real estate market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The real estate industry looks at renting and leasing residential properties. The industry is valued using the total revenues generated by landlords via the leasing and renting of private and council properties. Values are calculated using the average annual rent multiplied by the number of rented properties. Volume includes number of houses/properties rented out (vacant properties excluded). Leading companies relate to companies that are involved in residential property rental and development business. Any currency conversions used in the creation of this report have been calculated using constant annual average 2016 exchange rates.
The Japanese real estate industry had total revenues of $114.2bn in 2016, representing a compound annual growth rate (CAGR) of 1.4% between 2012 and 2016.
Industry consumption volume increased with a CAGR of 1.4% between 2012-2016, to reach a total of 18.4 million housing units in 2016.
The weak growth of the Japanese industry is attributable to the construction boom in the residential rental market in that period that eventually led to a rent-price fall as supply outpaced demand. The force behind this trend - that rebounded most recently after a fall in 2014 - is the imposition of an increased inheritance tax in 2015. Markedly, this inheritance tax is lower for a land with a residential building on it than that for being vacant, which enhances in this way the construction of new property. Additionally, low interest rates have also stimulated property investment. Not only this, but the new housing stock does not meet the actual demand trends as the supply is not fueled by demand’s premises.
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What was the size of the Japan real estate market by value in 2016?
What will be the size of the Japan real estate market in 2021?
What factors are affecting the strength of competition in the Japan real estate market?
How has the market performed over the last five years?
How large is Japan’s real estate market in relation to its regional counterparts?