An Analysis on Regional Features of the Hard to Sell on the Mortgaged Real Estate Market

Abstract

Recently, a vacant house has increased in Japan. This study aims to indicate the state of the Mortgaged Real Estate market (MRE), especially hard to sell. The subject of study has analyzed the data of Tyubu area; Gifu, Aichi and Mie prefecture in Japan. First, the findings have revealed that the apartment is not hard to sell on the MRE at Tyubu area. Second, the study has calculated the ratio of price to real estate appraisal. The result shows that the real estate is devalued in suburban area. Then, the trend shows that the detached house was hard to sell in suburban area, especially in Gifu and Mie.