An economic lockdown by Covid 19 has an impact on the property market through various channels. The most serious problem caused by a lockdown is a slowdown in consumer activity. As consumer activity slows, the return on the use of the property becomes zero or negative. It also reduces production through restrictions on total productive time, for example by limiting employee attendance. Incomplete preparations for a lockdown also lead to a significant reduction in productivity. The economic lockdown is particularly damaging in the market for the use of property, particularly in the commercial property market. On the other hand, residential property will be required to perform functions such as intellectual production, in addition to the space for enjoying residential services, as more and more people work from home. It is important to note that while housing can substitute for the location of "intellectual production", it cannot substitute for the commercial space market for the sale of other goods and services. In this paper, we started with an economic model to explain the effects brought about by the lockdown economy. Based on the changes in economic activity before and after the lockdown, the aim is to foresee what the urban and property market will look like in with/after Covid19.

This paper discusses the future of cities in the With/After Corona, focusing on the conflicting concepts of “dispersion” and “aggregation” of urban structures. As a result of the analysis, the demand for real estate is shifting from offices to housing, and it became clear that it is important to improve the quality of living areas in the neighborhood of the residence.

Covid19’s expansion has accelerated the outflow of population to the urban suburbs in the short term. In the medium to long term, however, there will be a polarization toward the middle of urban centers and the scenic countryside. In the era of after-Covid19, I believe that migration to the countryside will not simply be in the form of escaping from something（for example; earthquake and pandemic）, but rather in the form of becoming involved in the local community.

This article, using data from original employee surveys conducted in 2020 and 2021, overviews the adoption, intensity, and productivity of working from home in Japan since the onset of the COVID-19 pandemic. Based on the evidence, I discuss possible impacts of the diffusion of working from home on urban structure. Although working from home will be a factor of reallocation of population within commuting distance, its impact on countrywide reallocation is unlikely to be quantitatively significant.

From the viewpoint of preventing the spread of COVID-19, telework is promoted. Under this situation, peoples who want to work from home after corona are increasing in the Tokyo metropolitan area. As a result, the evaluation of the resident at the suburban residential area becomes higher. Residents in the city center are highly hopeful of working from home, but not many peoples want to relocate to the suburbs. The reason for this is convenience on work, convenience to live at the city center etc.. Therefore, although the demand for suburban residential areas increases to some extent, there seems to be no significant change in the real estate market. In order to promote telework in the suburbs, it is necessary to revitalize residential areas such as mixed-use in the suburbs, and to have housing policies for residents who must stay in the city center due to the work.

The major purposes of this study were to identify the housing related values in Japan after COVID-19 pandemic based on generations survey focused that Japanese 20s’ values, behavior, choice. The interpretation of the findings suggested that they prefer to “ad hoc optimization" and investment value of residence that enables that life style. Moreover, diversification, digitalization and transformation of housing and working style during COVID-19 pandemic will accelerate their “ad hoc optimization.

This paper discusses the future vision of office and urban development after COVID-19 from a practical standpoint. As for offices, a new work place that combines a base-type office, a decentralized satellite office, and telework begins to appear. And this paper redefines agglomeration and emphasizes worker motivation and wellbeing as the important concept for the future urban development, and in order to realize this, a shift to a flexible regulatory system has been proposed.

Face-to-face business practices for real estate transaction were originally shaped according to legal regulation. Now existing business practices are gradually starting to change owing to ongoing regulatory reform initiative which aims to relax regulation on S&P process such as the explanation of important matters.

Since the present National Spatial Strategies were established in August 2015, we have seen rapid changes in various aspects, which even may jeopardize the sustainability of our country. Given these changes, the Ministry of Land, Infrastructure, Transport and Tourism （MLIT） of Japan estalished the “Long-Term Spatial Vision Expert Committee” in October 2019 in order to analyze the current situation and changes surrounding our spatial land and to illustrate a future image of it in 2050, as well as to discuss the long-term issues and solutions in this field. The discussions in the Committee are summarized in the final report published in June 2021. Among the three view points presented in the final report, namely 1.Local, 2.Global and 3.Network, this article mainly introduces the Local viewpoint ─ a perspective that is essential in order to create a vast number of sustianable local communities by linking the physical world and the digital world.

Our lifestyle and society have been changing caused by COVID-19. House is the foundation of life and housing policy in ‘post-COVID-19’ need to adapt such new daily life. Overcoming the changing situation in COVID-19 crisis such aging society and more complex lifestyle by a variety of housing measures will lead to next better housing and life.

Most Japan’s measures against COVID lack legal effectiveness. There are two kinds of measures to tackle with the spread of the virus. One is the control of negative externalities by the reduction of infection such as the promotion of vaccination and restriction of the contact between the infected and the rest of the population. The other is to cope with the asymmetry of information to reduce the risk of unknowing infection through the absence of manifestation of information about the risk. Japan’s measures are not effective because the vaccination is slow, for one thing, the legal system about the restriction of face-to-face contact is either deficient or inviable as it depends on unenforceable requests, for another. The disclosure of information about COVID is also quite inadequate. The point of effective measures against COVID is to scientifically and medically understand the reality without any bias and, upon the understanding of the reality, to viably implement vaccination, enforce mask-wearing, and restrict social contact and others by coercion if necessary.

New Coronavirus which rampages all over the world also brought about more deaths in Japan than those of the Tohoku earthquake. Reading “Japan as No.1” by the American sociologist Ezra Vogel, I felt that Japan finally became one of the most advanced countries in the world. I kept that feeling since then so that I was surprised at the event of COVID that we do not have domestically developed vaccine, and neither remedy, against COVID. I suspect that it may be the counterattack of Coronavirus against human beings, with growing world population, which invade the sphere of nature by expanding their living sphere. We can say that Japan’s society manages to endure COVID by self-help and by public help, but we should get and keep the lesson from this experience for the coming advent of other viruses

This study verified the influence of maintenance costs on condominium’s purchase price through inverse probability weighting. Further, the results stated that condominium buyers identified that management fee payments are necessary to quality of planned repairs and management program, and hence, the market value of well-maintained condominiums are high. Therefore, the purchase prices of well-maintained condominiums are higher than the poorly maintained condominiums by 9.6 precent.