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I was trying to get an idea of what Japanese house prices are, but I couldn't find much beyond the cost of a new house. Which is less than in the US, but not by
by lasc4r 5y ago
I was trying to get an idea of what Japanese house prices are, but I couldn't find much beyond the cost of a new house. Which is less than in the US, but not by much more than 10-20%. I understand houses in Japan don't typically appreciate in value like they do in the US though. They like to buy new and don't see it as an investment.
I assume a huge factor has to simply be that Japan's GDP and population growth has been basically flat for ~25 years.
- kukallan 5y agoI don't know a lot about Japans housing market, but I've read plenty times that houses are not built to last in Japan which probably has something to do with the low housing prices. https://www.theguardian.com/cities/2017/nov/16/japan-reusable-housing-revolution https://www.theguardian.com/cities/2017/nov/16/japan-reusabl...
- goodtempe 5y agoyes and this is on purpose. This is also partly because the safety standard is ever-evolving due to the precarious nature of Japan. Thus, updating house to the latest safety standard would cost more than just flat it over and rebuild a new one. That's why, the most expensive part is the land and not the building itself.