 Japan, is one of the most developed countries in the world and has the second largest mortgage market among all the Asian countries. Japan has a very low mortgage rate of 2.375%.
The mortgage market as a percentage of Japan's gross domestic product has soared to 40.3%.
Japan's decade-long banking crisis has created a considerable number of problems in the mortgage market, resulting in a significant drop in land and home prices. As a result, a great deal of money is tied up in problem loans, representing a critical misallocation of resources in the Japanese economy.
Registration of Land in Japan
The reason for Land Registration in Japan is to have a public record of the ownership of land. The systems presently operating in Japan represent different ways of recording that information.
Private Apartments for Rent
There are a number of apartments and rental condominiums (manshon) to choose from when one wants to shift from one place to other. The monthly rent varies depending on location, when the apartment was built and how or whether it is furnished. When finalizing a contract, the new tenant is expected to pay a rental deposit (shikikin) and key money in addition to the rent.
Housing Guarantor System for Nationals and Foreign Nationals in Japan
To rent an apartment or house in Japan a person has to have a joint guarantor for a lease. Foreign nationals often find it difficult to find a proper guarantor. If a person rents an apartment or house, he has to deal with an estate agency, which approves the housing guarantor system. Kitakyushu International Association or Fukuoka International Exchange Foundation can act as a joint guarantor for a person seeking to rent in areas under their jurisdiction.
Home Architects of Japan
Japan has a time-tested tradition of building with wood as mountains, foliage and forest resources dominate the landscape. The country possesses the oldest and largest wooden buildings in the world, many of which are temples. Japan's distinctive method of wood-based architecture is ideally suited to the country's humid climate. Very refined carpentry skills that have been developed over the centuries are seen in modern structures. Many wonderful buildings created by today's Japanese architects have captured the attention of the world.
Home Furnishings
In ancient Japan, people used to sit on straw mats laid on the floor. Starting from around 471-221B.C., beds and different types of mats came into being. Then people started to move their daily living from the floor to beds. From then on, straw mats were used frequently on beds and couches.
Attributes of Japanese Interiors
Color
Japanese interiors usually use neutral, natural colors, to provide a simplicity and serenity in the background. Interiors highlight the architecture and hence provide a sense of geometric order. A natural color reduces the feeling of clutter, very particular to eastern design and philosophy of ease. A statement, when made in a Japanese interior is usually through a single color or texture.
| 
