ANALYCAL STUDY OF POLICY DESIGN FOR IMPROVING THE EFFICIENCY OF HOUSING RESALE MARKET

Abstract

The Japanese housing resale market is in an embryonic stage compared to other OECD countries. After describing the necessity to improve the flow of housing quality information in order to vitalize the resale market and promote sustainable use, problems related to schemes requiring the potential buyer to collect necessary information will be analyzed. Finally, based on comparative analysis of housing quality information disclosure schemes introduced by OECD countries, the design of effective and efficient information schemes is examined.