Real Estate Translation
Through the 1980’s, Japan experienced the “bubble economy”. The GPD was soaring and the money was flowing. At this time the price of land in Japan was considered to be extremely valuable. However, in the early 1990’s Japan’s “bubble economy” finally burst. Over the next eighteen months the Japanese stock market lost about 1/3 of its value and the GDP stagnated. Over the next 15 years the value of Japanese land steadily declined. The drop in property value has been so consistent that Japan has started looking abroad for foreign investment to buy some of its real estate.
Since January 1, 2005, more than ninety countries will either require or permit the use of International Financial Reporting Standards (IRFSs). Among those, some of the English speaking countries are Australia, Canada, Hong Kong, India, Ireland, Malaysia, Singapore, South Africa, United Kingdom and the United States. You may learn more about International Financial Reporting Standards from Wikipedia here.
We at Samurai Translators are familiar with the IRFSs and knowledgeable and well versed with its terminology in both Japanese and English. Samurai Translators also has several very reliable real estate appraisers to edit our work once we have completed the translation project.