Rent Rising: Japan Sees Nationwide Uptick

A noteworthy surge in rents is observed across Japan, reflecting an increasing demand for rental homes. The increase, largely driven by population concentration in major cities and a short supply of affordable rental properties, is affecting residents nationwide. While the government has taken measures to address this, the impact remains significantly noticeable.

Housing cost and living standard are significant aspects of the Japanese lifestyle, especially since the country has a large population concentrated in major cities. The skyrocketing rent can lead to a broader issue of affordability and economic disparity. While the government has recognized the issue, effective measures to counter it are still under discussion, making it a relevant topic for many.

Unlike in the US or EU, where rent controls and subsidies are more common, Japan lacks a formal nation-wide rent control regulation. While there are policies in place to protect tenants, the rising rent often outpaces wage increases, placing a heavier burden on Japanese residents compared to their US or EU counterparts.

Information for Your Country

For those outside of Japan who are interested in the country's real estate market, check the following English-language sources:
- Japan Real Estate Institute
- Japan Property Central
- REthink Tokyo