AIAIG Opinion · Global Insights - AIAIG

AIAIG Opinion2026年2月10日

How Japan's Short-Term Rental Regulations Affect Housing Prices and Rents

Conclusion first: Japan's short-term rental (minpaku/Airbnb) regulations typically have a mild and structural impact on 'national housing prices/rents,' but significantly affect price premiums and rental structures in 'tourist hotspots + specific operational forms (e.g., special zone minpaku/partial prefecture rules) + property types and apartment management rules suited for short-term rentals.' This article analyzes through cash flow and supply-demand pathways: when regulations tighten/enforcement strengthens, short-term rental premiums shift from 'broad-spectrum' to 'more concentrated, compliant, and scarce'; simultaneously, some properties may return to the long-term rental market, locally suppressing long-term rents, but in city cores with strong inbound demand and tight hotel supply, compliant short-term rental daily rates (ADR) may remain high, forming a 'compliant license premium.'