|
Notes: (1) Japan suffered a heavy land bubble and its collapse. Please look at "What Caused the Bubble?", below. 01. What Caused the Bubble? - Memories of a Bubble in Japan - 02. What Caused the Bubble? - Swarm Intelligence - 03. What Caused the Bubble? - Diffusion of Inflational Expectations - 04. What Caused the Bubble? - Genes of Speculation, Price, and Value - 05. What Caused the Bubble? - Mechanism of a New Type Emergence - (2) Please note; short-term prime-rate was around 8% in 1990. It is around 2%, now (2009). In usual DCF method, appraisers apply present discount rate, and update it periodically. But in real market, future interest rate may work as a factor for the resale prices. (3) Please note; Japanese Land and Building Lease Law protects lessee backed by its history. Rent under the renewed lease would not change as much as the market rent under the new lease. (You can see hump-like bubbles in the graphs below.) Nominal Gross Domestic Product (GDP) 
Commercial Area 
Commercial Area 
Commercial Area 
High-grade Residential Area 
Common Residential Area (10km from Tokyo Station) 
Common Residential Area (40km from Tokyo Station) 
|
||
| 20-1-303 Kitamachi, |
| Shinjuku, Tokyo, 162-0834 Japan |
| Tel: +81-3-5225-9734, Fax: +81-3-5225-9730 |
| E-mail: info@value-workers.com |
 |
|
| Top | Japanese |
| Welcome to |
| Value Workers Japan |
| Takashi Yamaguchi, Appraiser | |
 |
We will provide our clients with accurate and adequate value opinions. Report is written in Japanese (which fulfills Japanese Standards) or in English (which fulfills US Standards or International Standards). |
| Referral -a letter from a US client- |
| "In the States, I own numerous properties as well as one in Japan. To get financing for projects, appraisals must be done on all property assets. The appraisal Value Workers did for me was by far the best I've seen." ................... Carl Chilstrom, G.G., MBA Property investor |
