24/06/2010

Housing and Habitation Conditions in Japan-Based on the 2008 Housing and Land Survey (Interim Report)

Kazumasa Takeuchi 

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1. General Condition - Total Dwellings, Vacant Dwellings, and Type of Dwellings
2. Vacant Dwellings by Tenure
3. Home Ownership Rate by Age of Main Income Earner
4. Households by Tenure of Dwellings and Annual Income
5. Significance of the Housing and Land Survey

■introduction

The 2008 Housing and Land Survey (Interim Report) was released by the MIC Statistics Bureau on September 4, 2009. Conducted once every five years, the survey provides fundamental, significant and unique official statistics necessary to grasp the current condition of housing and habitation in Japan.
Since the last survey in 2003, securitization has progressed significantly in the residential sector. While we made assumptions of its impact on housing supply and demand and habitation conditions, until now we could not confirm the changes in conditions by means of any statistics.
In addition, amid the “Fund Boom” until 2008, many owner-occupied and for-rent apartment properties were developed, prompting concerns of an oversupply in some cities. However, until now we could not address this matter with any confidence due to the lack of statistics on vacancy rates.
Below we examine the survey data and pinpoint major changes that occurred in Japan’s housing and habitation conditions in the past five years.

Kazumasa Takeuchi

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