During Niseko's stunning growth of the last ~25 years, no area has changed more significantly than Hirafu, the resort's main hub. Virtually unrecognisable from the sleepy onsen town of yesteryear, the Hirafu of today more closely resembles a small and wealthy city - luxury retailers dotted between densely packed condo buildings. So, is it still a buy? The answer as always is, it depends. The case...
While the most common form of land and property ownership in Japan is 'freehold' (所有権 shoyuken) it is also possible to negotiate a 'leasehold' (借地権 shakuchiken) agreement. The main difference between 'freehold' and 'leasehold' is that, under a leasehold agreement, the owner of the land under which the property is build can be different to the owner of the property. An example of this can...
Niseko and the surrounding region of Hokkaido Japan has experienced the full beam of the international development spotlight in recent years. While nationwide land prices have fallen for the first time in six years (-0.5%), Kutchan and Niseko lead Japan overall in terms of the rate of increase which has seen prices rise by 25% in the last year alone (2020-2021). As small and larger scale developments...
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