Real Estate Valuation in Japan: Influence of 'Useful Lives' of Depreciable Assets on Bank Lending Practice

Naoyuki Kaneda

Gakushuin Economic Papers, 2022, vol. 59, issue 3, 341-350

Abstract: In Japan, value of buildings would be zero after the lapse of ʻUseful livesʼ of Buildings. It is quite different from the real estate valuation in United States and Germany. The proportion of houses in the personal portfolio is large. Thus, it can inhibit the holdings of additional risk assets, and it may have had negative wealth effects in Japanese economy. This paper compares the relevant system in Japan, United States and Germany. The effect of this unique system will be analyzed.

Keywords: Real estate valuation; Useful lives; Depreciable assets; Real estate finance; Japan; Mortgage; 不動産評価; 耐用年数; 減価償却資産; 不動産金融; 日本; 住宅ローン (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:abc:gakuep:59-3-5

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