Abstract
Recently, real estate market in Japan is strongly recovering. The growth of real estate securitization market is one of the factors that provide this environment. In Japan, appraisal of real estate plays an important role in this market. This Paper aims to review some effects of the recent amendment of valuation standards of real estate, which has been established by the government of Japan, from the standpoint of clients of appraisal reports. Because the recent amendment demands more detailed explanations than before for appraisers, clients would be able to understand the basis of valuation better. On the other hand, increasing complexity of procedures may require more time and fee.
