• 2021.05.20
  • earthquakejapan
  • Japan business manager visa
  • Japan property
  • Japan Property Investment
  • propertyprice_earthquake

Earthquake risk and property price

Community earthquake risk assessment study

by Bureau of Urban Development, Tokyo Metropolitan Government
Bureau of Urban Development, Tokyo Metropolitan Government reports
Hello! Masaki Tanzawa, a professional property agent and property management manger in Japan.
Today I will talk about a peculiarity in real estate situation of Japan.
As you know Japan is the country of earthquake, so earthquake-resistant technique is probably the best in the world.

“ Community earthquake risk assessment study” every 5 years since 1975.
The last time was published in 2018.
According to the assessment, unstable ground is dotted in 23 wards of Tokyo.
People are not so concerned about the ground of their feet’s, though they feel more concerned about location, age, appearance, facilities and price.

Seismic performance recently became a point of view to check when people buy second-hand properties. They however do not turn their attention so much to the state of ground.
So transaction price primarily tends to be decided by location and age of building.
I advise you to be acquainted with the ground status by the published map by the Tokyo Metropolitan Government.
Originally it should be informed by the property agent as an explanation of important matters before signing a contract.
But I find such elements other than location and age do not reflect in the value of the transaction so much.

I recommend you to look over all the information about the property you will be provided, and it is advisable to ask experts for help if it looks like a difficult case.
Please remember you are able to obtain information numerously by law.
Something undesirable possibly happens to be a good buy.

Masaki Tanzawa
AER NEXT LLC.
7F, KeioShinjuku321 Bldg., 3-2-1, Shinjuku, Shinjuku -ku, Tokyo, JAPAN 160-0022
TEL +81-3-5341-4611
FAX +81-3-5341-4623
License: Tokyo(1)105965
Email: tanzawa@ablife.jp
URL:https://www.investorvisa.jp/investjapan/
https://www.facebook.com/InvestVisaJapan
https://www.facebook.com/masaki.tanzawa.3/
#japanproperty #japan_businessmanagervisa #investment_japan #franchise_japan