Rents in Okinawa inch upwards

Okinawa Bank owned Okigin Economic Research Institute announced Nov. 29 that house rentals of both new and old properties within Okinawa Prefecture have risen between 1.5% and 5.8% from a year ago.

The market prices of buildings in the urban and developing areas and those with spacious accommodations were all on the rise. Rents for shops and office space have increased 0.5% as well.

Recently there have been many instances when old apartment buildings have been renovated instead of lowering the rent as usually has been the case when properties age. Renovations, such as upgrading rooms, including free internet connections and installing air-conditioning have been most popular.