Abstract
This Open Access book presents recent research and hot topics in the field of real estate science in Japan. It features carefully selected English translations of peer-reviewed papers and excellent articles published in the Japanese Journal of Real Estate Sciences, as well as papers presented at the Japan Association of Real Estate Sciences (JARES) annual conference. The topics covered include market analyses of vacant houses, policies for reuse of vacant houses, property tax policy, issues of land for which the owners are unknown, disaster and real estate values, the siting optimization plan and its influence on real estate, big data and ICT technology for the real estate business, and public real estate management. Real estate science in Japan has developed in step with international research in the fields of law and economics, regional science, civil engineering, environmental science, architectonics, and related areas. At the same time, it has evolved into a unique discipline that focuses on policy-oriented practical science with arguments for the reform of outdated laws, regulations, and traditional customs. Asian countries are currently growing rapidly and are catching up with developing countries. The lessons learned and know-how accumulated by JARES is helpful for practitioners and policymakers not only in Japan, but also in other Asian countries.
Highlights
The Social Problem Created by Real Estate with Unknown Ownership (Vacant Premises and Abandoned Land)Real estate for which the owner cannot be immediately identified through owners’ ledgers such as the register or for which contact cannot be made even if the owner has been identified is referred to as real estate with unknown ownership
Since the details of registered information are confirmed through various registration procedures, the system has aspects that resemble a registration system
The result of selecting the recording system in Japan, which is a system with a very high strength, could explain why nobody takes insurance to cover the risk of title litigation
Summary
The Social Problem Created by Real Estate with Unknown Ownership (Vacant Premises and Abandoned Land)Real estate for which the owner cannot be immediately identified through owners’ ledgers such as the register or for which contact cannot be made even if the owner has been identified is referred to as real estate with unknown ownership. Definition Dummy variable to sell in Tokyo Metropolitan Area is 1 Dummy variable to sell in Saitama prefecture is 1 Dummy variable to sell in Chiba prefecture is 1 Dummy variable to sell in 2013 is 1 Dummy variable to sell in 2014 is 1 Road distance from the nearest station (km) Floor space of exclusive elements (m2) Dummy variable to indicate the condominium which is SRC structure is 1 Total number of floors with the condominium Floor number where exclusive elements is located The number of years from construction date to bid opening date Dummy variable to have a balcony is 1 Dummy variable to occupy by possessor is 1 Dummy variable to set short-term tenancy is 1 Dummy variable to set right of lease is 1 Dummy variable to occupy by the third party is 1.
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