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© KYODOJapan land prices rebound after marking 1st fall in 6 years
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kaimycahl
@Ego Sum Lux Mundi WOW!! I think that foreigner should talk to the realtor about that issue, especially if he said he didn't know the land was owned when he purchased it.
I know a foreigner who didn't realize the land he owned
Mr Kipling
Don't forget you have the right to negotiate a new lease.
commanteer
All the people I know must be rare exceptions then - a statistical anomaly. Where are all these landless JT readers you speak of? (Aside from short-term residents.)
It's common in the UK.
ADK99
@Zoroto it certainly exists in Britain.
Ego Sum Lux Mundi
I know a foreigner who didn't realize the land he owned was leasehold and not freehold, he has about 18 years left and is desperately seeking a buyer.
commanteer
Yes. Because many readers here own, or are looking to buy or sell land - and this directly affects them. If this isn't newsworthy, makes me wonder what you consider is newsworthy.
Sanjinosebleed
I think calling a 0.5% rise a "rebound" is a tad optimistic.....
Antiquesaving
Every time I read about falling land prices I get very confused.
The way it works it the country side in the middle of nowhere is quickly depopulating and no one wants to live or buy land in these places.
We got lucky bought a place in Tokyo December 2019 just before covid crisis started.
Best move ever, more room lower monthly cost especially since everyone ended up working from home.
But since we moved in we have had nothing but one offer after another from actual buyers wanting to purchase our place at a considerably higher price than we paid.
Sounds great, right?
No, because there is nothing comparable in the area that we could buy even at the higher price we are being offered!
At least in the North East part of Tokyo we are in land a house prices are through the roof.
Last night out for my walk o saw a house 120 square metres floor space, ¥48 million but the land is a lease with 20 years Only left.
So for ¥48 million you get a house on someone else's land for 20 years.
That is crazy.
Michael Machida
Onigiri sales brings the customer into the store to buy other items. Onigiri is a tool to upsell.
CaptDingleheimer
What I've never understood about commercial real estate in general is, how is it that with land prices at a half-million dollars per square meter, can the Family Mart right in the Ginza still sell onigiri for ¥148, etc.?