Myoko Real Estate
Due to large growth in the tourism market, Myoko Real Estate is gaining rapid popularity for foreign investors. According to the Myoko City government, total nights visited by foreigners jumped from 19,570 in 2013 to 31,505 in 2015 of which 70% where Australians. Novice investors are reaping the benefits of cheaper prices and lack of competition compared to the stalwart areas of Niseko, Nozawa and Hakuba. Tourists are reeling at one of the snowiest places in japan and over 10 resorts accessible by day trip. Eligible foreign investors also have the added benefit of being exempt from land tax for 10 years and due to this, large investment has been made by foreign conglomerates in surrounding areas since 2018.
Myoko Kogen Ski Fields:
Myoko Kogen has 5 separate on-mountain resorts: Suginohara, Ikenotaira, Akakura Onsen, Akakura Kanko and the infamous Seki Onsen. The local resorts are in separate towns due to the complex mountain topography with exception Akakura Kanko/Onsen resorts. Wherever your Myoko real estate investment is located, all of the above resorts are easily accessed by private car or taxi/transfer service and bus. The public transport is not as efficient or comfortable as major cities and is an area we would like to see improved in the next few years. Part of our companies aim is to rejuvenate local communities and we are hoping the foreign investment we bring to Myoko will help steer projects in the right direction.
There are 9 resorts and a large number of culturally significant attractions within a day trip including shrines, temples, snow monkeys, breweries, onsen and factory outlet shopping. There is also a cat ski operation, guided backcountry tours.
Myoko Kogen Summer:
Myoko Kogen is lucky to have so many summer tourist attractions many which are accessible by local public transport. Many are located adjacent to hiking tracks which lead to volcanic formations, hot springs, plateau’s and waterfalls. Myoko Kogen Government has spent money making these more accessible for foreign tourists in the last few years and we expect the year-round economy to grow due to the steadily rising international tourism numbers. Large visitor Influxes due to the rugby world cup and Olympics will help push the drive to explore the less explored.
Is Myoko Viable?
There is no doubt that Myoko is in middle of a second boom and there is hot competition for certain areas especially those close to the snow fields. Myoko has infrastructure that works year round and is close enough to Tokyo for foreign internationals to make the trip during spring, summer and fall. Although many buildings have aged, the natural beauty that used to bring Japanese tourists in droves has not changed at all. It truly is a special place with the biggest potential that we have seen.
Japan Mountain Homes
Japan is a great place to invest if you are looking to take advantage of the rapidly expanding tourist market. Large amount of government money is being spent on tourism. Combined with the 2018 Rugby World Cup and 2020 Tokyo Olympics – Japans tourism industry is set to explode and increase value of Myoko Real Estate.
Business expansion in area related to inbound tourism
- Relaxation of visa requirements (Starting from July 2013)
- Expansion of exemption of consumption tax for foreign tourists to cover consumables (May 2016)
- 2020 Tokyo Olympic & Paralympic Games
If you would like to know more please fill out our questionnaire to start the process on finding your investment. Japan Mountain homes can only provide bilingual consulting services and property management for Myoko Kogen. For Hakuba real estate and Niseko real estate, Nozawa, Madarao & Shiga Kogen we rely on third parties for the bulk of property management services.