The Japanese Journal of Real Estate Sciences

[title in Japanese]

Toshiyuki INOUE

2007 Volume 21 Issue 2 Pages 10-15
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_10

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[title in Japanese]

Kenichi SATO

2007 Volume 21 Issue 2 Pages 16-24
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_16

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[title in Japanese]

[in Japanese], [in Japanese], [in Japanese], [in Japanese], [in Japane ...

2007 Volume 21 Issue 2 Pages 25-46
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_25

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Utilization of housing stock

Fumiko ITO

2007 Volume 21 Issue 2 Pages 47
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_47

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Change of Collective Housing in Japan, from a view point of dwelling

style study From newly building to rebuilding, from rebuilding to utilization of housing stocks

Toshio Otsuki

2007 Volume 21 Issue 2 Pages 48-55
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_48

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On a Basic Idea about the Home Inspection System in Japan

Hiroko ICHIMUNE

2007 Volume 21 Issue 2 Pages 56-63
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_56

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In this report, I mentioned a basic idea about developing the home inspection system in Japan. A home inspection is an objective visual examination of the current condition of a house. Home inspectors describe its physical condition and indicate what components and systems may need major repair or replacement. Through the inspection report; homeowners will be able to learn about the condition of their own homes and how to maintain them. Inspectors are required to perform services based on their knowledge, in regard to how the home's systems and components are intended to function together, as well as why they fail to do. Therefore it is very important for inspectors to develop the education program, which requires training and experience. To get accurate information, it is necessary to obtain an impartial, third-party opinion.

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The action of Tokyo for the promotion of resale housing circulation

Yasuhisa UTATA

2007 Volume 21 Issue 2 Pages 64-71
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_64

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Tokyo Metropolitan Government made “a guidebook (for single-family house) to buy or sell a house in peace” for the purpose of the citizens dealt with business of resale housing in Tokyo, and promoting the smooth circulation of the resale housing by showing an important matter to confirm and fixing the environment that could buy and sell it in peace.

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Consumer Protection in the Resale Housing Market

Norikazu KUMAGAI

2007 Volume 21 Issue 2 Pages 72-78
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_72

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Information provided by real estate brokers is important in advancing consumer protection in connection with real estate purchase contracts for resale housing.
In this regard, identical legal requirements to inspect the property being sold and to explain physical defects existing in such property to the buyer are provided under the Building lots and Buildings Transaction Business Act and the Civil Law. Under these laws, the real estate broker has no obligation to inspect the property to determine whether any physical defects exist, but is required to explain any physical defects that are known to the broker.
If home inspection becomes more prevalent, disputes regarding physical defects in resale transactions should decrease, and, as a result, resale properties would be better utilized. In order for the use of home inspection to increase, the Building lots and Buildings Transaction Business Act should require that real estate brokers disclose to potential buyers the fact that home inspection is being conducted on the property being sold.

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Asymmetric Information Problem and Existing Housing Market

Masayuki NAKAGAWA

2007 Volume 21 Issue 2 Pages 79-86
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_79

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Study on Reservation/Renewal Finance Method Based on the Survey on the Investors for the Securitization Project of the Traditional Townhouses in Kyoto

Hiroaki MARUYA, Shin KINOSHITA, Kenmei TSUBOTA

2007 Volume 21 Issue 2 Pages 87-97
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_87

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The first real estate securitization project of the traditional townhouses in Kyoto (Kyo-Machi-ya) started in 2006. The authors and the vehicle company of this project jointly sent out the questionnaire to the investors. The result of the survey shows 1) most investors were interested in reservation/renewal of the Kyo-Machi-ya, 2) 68% of the investors responded that the dividend rate was not so important, and 3) nearly half of them might invest even if the dividend rate (3%) was two percent points lower. The problem was that the profitability was supported by the drastic cost cut by way of very low fees (like unpaid volunteers) for arrangers and specialists. However, this project suggested the possibility of new finance methods forrenewal of traditional townhouses.

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[title in Japanese]

[in Japanese]

2007 Volume 21 Issue 2 Pages 99
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_99

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[title in Japanese]

[in Japanese]

2007 Volume 21 Issue 2 Pages 100-101
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_100

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[title in Japanese]

[in Japanese]

2007 Volume 21 Issue 2 Pages 104-105
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_104

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[title in Japanese]

2007 Volume 21 Issue 2 Pages 106-108
Published: October 15, 2007
Released on J-STAGE: June 15, 2011

DOIhttps://doi.org/10.5736/jares1985.21.2_106

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