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Frontiers of Real Estate Science in Japan

Part of the New Frontiers in Regional Science: Asian Perspectives Book Series (volume 29)

Editors: Asami, Yasushi; Higano, Yoshiro; Fukui, Hideo

DOI: 10.1007/978-981-15-8848-8

ISBN: 978-981-15-8847-1

Publisher: Springer Nature Singapore - Springer Journals

Feb 2, 2021

1 - 10 of 23 Chapters

LitStream

Real Estate and the Legal System of Japan

Fukui, Hideo

Pages: 3 –7

[In Part I, entitled Real Estate and the Legal System, we analyze owner-unknown land issues, land acquisitions, and real estate auctions.]
LitStream

Legal Issues of Land Plots with Unknown Owners

Iwasaki, Masaaki

Pages: 9 –20

[This paper describes how and why owner unknown lands have been increasing in Japan’s shrinking population and proposes some ideas on the solution to the relating legal issues.]
LitStream

The Efficiency of the Titling System: Perspectives of Economics

Nakagawa, Masayuki

Pages: 21 –30

[The problem of land with unknown ownership is becoming increasingly evident with Japan’s declining population, low birth rate and aging population. This paper examines the need for the titling system using perspectives from economics and considers what sorts of titling system works for which...
LitStream

Land Plots with Unknown Owners: Causes and Legal Measures—The Necessity for a Thorough Reduction of Transaction Costs

Fukui, Hideo

Pages: 31 –62

[The increase of land plots with unknown owners, namely, land plots whose owner’s name and address are not easily identifiable through repeated inheritance, etc., has emerged as a prominent social issue. The major reason for this phenomenon is the Civil Code that unconditionally allows the...
LitStream

Realities and Challenges of Land Issues in the Era of Depopulation

Yoshihara, Shoko

Pages: 63 –71

[Abandoned and unclaimed land has emerged as a major policy issue in Japan, where the population is dwindling and property values are falling in many areas, including big cities. This article analyzes this alarming issue using the results of a nationwide survey conducted by the author targeting...
LitStream

The Negative Effect Factors of the Land Acquisition System for Profit-Oriented Enterprises in Order to Promote Economic Growth

Ohya, Yuichi

Pages: 73 –89

[The Land Acquisition (Amendment) Act of 1991 in Malaysia for economic growth has institutionally enabled arbitrary land acquisition. This paper reveals what is the fundamental determinant of the negative effects on the legal system concerning land acquisition for economic growth. As a result of...
LitStream

Empirical Analysis on the System Revisions of Judicial Real Estate Auctions: Comparison with General Real Estate Trading

Ooka, Yusuke

Pages: 91 –112

[This paper shows the effect of a series of system revisions of judicial real estate auction in the 2000s on three factors: bid acceptance ratio, number of bidders, and highest bid. Using multiyear data of auctions from multiple district courts, I estimate the improvement of the three factors by...
LitStream

Introduction: Real Estate Tax System and Real Estate Market in Japan

Higano, Yoshiro

Pages: 115 –122

[This introduction summarizes chapters of Part II. In Chap. 9, Yamamoto (Jpn J Real Estate Sci 31:88–96, 2018) has compared between the street method, the asset valuation adopted for the imposition of property tax in Japan, and the computer-assisted mass appraisal (CAMA) method generally adopted...
LitStream

Professional Practices in Fixed Assets Valuation and Assessor Education in North America: Suggestions for Japan

Yamamoto, Takashi

Pages: 123 –137

[This paper examined and compared the situation of and problems with professional practices in fixed assets valuation and assessor education between North America (the United States and Canada) and Japan. Because professional practice in tax assessment takes place within individual municipalities...
LitStream

The Optimal Reform About Property Tax

Yamazaki, Fukuju

Pages: 139 –146

[We present the desirable tax reform on the property tax on land and housing in Japan. Since the property tax on housing, building, and equipment becomes an obstacle to the capital formation on land, it should be abolished. Conversely, the effective rate of property tax on land should be...

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