Today in the real estate market in Japan there is gradual, but after all a systematic falling of real estate price. It is possible to call it falling very conditionally as the price falls only concerning the price for last periods, and here concerning the world prices for real estate, Japan, as before, remains the champion.

Why it is so expensive

According to the estimates of the Japanese newspaper "Iomiuri" which was made a few years ago if to sell all real estate of Japan at existing market prices, of the means obtained from sale it is possible to buy all territory of the USA which more than by 25 times exceeds the small island state on the area. And thus, according to the estimates of the same edition, more than a half of money from real estate sale in Japan would remain unclaimed. Why real estate prices in Japan such high? It is caused by the following factors.

First, Japan is included into ten the most densely populated dwarfish countries with population density 377 on sq.km that in turn generates deficiency of the offer of real estate and causes construction of multystoried housing.

Secondly, Japan to be in a zone of seismic activity. For this reason construction of high-rise buildings demands introduction of modern expensive innovations in construction process in order that the building could sustain both seismic pushes, and sharp flaws that also enough frequent phenomenon on the island state which from all directions is surrounded with the sea. That, in turn, also conducts to housing rise in price.

Real estate prices

The first that strikes is the price. For 1 meter of the sq. rental apartment (from 20 sq.m) in the capital it is possible to lay out from 800 c.u. that still is a record for average housing with very average level of comfort.

The second, an arbitrariness of lessors which, in fact, is supported by state policy. Under the Law of this "hospitable" country, the tenant has to provide a guarantee of timely payment of a rent, and only the inhabitant of Japan can act as the guarantor. As this guarantor the lessor usually acts, offering the simple transaction: you have to pay "for a key". It is a certain sum of money which is given in the advance payment, it is gratuitous for the right of use of a key from your apartments.

The third, as well as around the world, the most expensive housing is a housing out of the urbanized city, on a nature bosom. To fans to luxuriate in rays of east sun and to look at the clear sky without a smog, this pleasure will cost in the sum from 2 000 c.u. for 1 sq.m.