{"id":3416,"date":"2016-02-02T16:40:07","date_gmt":"2016-02-02T09:40:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/japan-slowly-opens-up-to-the-private-home-rental-sector\/"},"modified":"2016-02-02T16:48:22","modified_gmt":"2016-02-02T09:48:22","slug":"japan-slowly-opens-up-to-the-private-home-rental-sector","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/japan-slowly-opens-up-to-the-private-home-rental-sector\/","title":{"rendered":"Japan slowly opens up to the private home rental sector"},"content":{"rendered":"


\nCalling all home rental app-makers
\nA house in Ota Ward (Oakhouse.jp)
\nIn the run-up to the 2020 Tokyo Olympics, the Japanese capital\u2019s Ota Ward has given the green light to allow private homeowners to rent their spaces to visitors.
\nThe Japan Times reports that the ward\u2019s citizens have been clamouring for a practice, as they anticipating a huge influx of tourists in the next four years and not enough hotel rooms to accommodate them.
\nIn December 2015, Ota Ward officials finally released a new policy to allow private home rentals, but with strict screening criteria.
\nCitizens who wish to rent out their homes to guests must notify neighbours living within 10 metres of the property, and the local fire department must be informed as well.
\nMore: 3 ingenious Asia vacation rental websites you should know about
\nIn addition, the rules state that guests have to rent the property for a minimum of six nights and seven days, with visitor information \u2013 names, contact details and passport numbers \u2013 be kept for three years.
\nA foreign language expert should be present in the neighbourhood in case of emergencies. Ota Ward is home to Haneda airport and authorities are expecting a lot of foreign-speaking visitors.
\nThis private accomodation practice is also being observed in Osaka Prefecture, per Japan Times.
\nOta Ward\u2019s announcement follows the announcement from Airbnb that Japan is now its fastest-growing international market, per TTG Asia, despite criticisms that some users fail to pay taxes, unlike regular hotels.
\nMore: Co-living could be for you, if you\u2019re looking for short-term rental deals
\nMany hotel operators believe that online vacation rental services like Airbnb violate Japan\u2019s Hotel Business Law. The Japanese government is expected to make some changes to the law by autumn.
\nAs the country opens up to online rental services, Japan has been named as a leader in rental growth in 2016, based on the latest Asia Pacific analysis by global property fund manager M&G Real Estate.
\nAlong with Australia, Japan is benefitting from increased domestic spending, and thus landlords, particularly in retail, are adding or enhancing their properties and increasing rental rates.
\nRead next: Japan scraps plans to build this Olympic stadium
\n
\nSource : property-report.com
\nRead more…Japan slowly opens up to the private home rental sector<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Calling all home rental app-makers A house in Ota Ward (Oakhouse.jp) In the run-up to...<\/p>\n","protected":false},"author":1,"featured_media":3417,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-3416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/A-house-in-Ota-Ward_www.oakhouse.jp_.jpg?fit=740%2C555&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-T6","jetpack-related-posts":[{"id":83109,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tokyo-hotel-partners-with-airbnb-style-lodging-operator-to-reap-opportunities\/","url_meta":{"origin":3416,"position":0},"title":"Tokyo hotel partners with Airbnb-style lodging operator to reap opportunities","date":"March 19, 2018","format":false,"excerpt":"\r If you can\u2019t beat them, join them. 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