The Renovation and renewal business of housing 1998.11.15

The "Renovation and renewal" business of housing, is expected to grow to a market that exceeds 20 trillion yen in fiscal 2015. The average service life of a Japan residence is very short with about 25 years. Compared with the 75 years of the United States, 44 years of the United Kingdom, it is well below considering the difference of the building method such as the wooden house and the brick. In the past, construction and renovation of new buildings has helped Japan domestic building demand. The construction industry has grown steadily in proportion to economic growth, and it can be said that the result of having continued the Bill de and scrap in that. According to the undisclosed of the Ministry of Construction and the Institute for Construction Economics, the maintenance and repair work for the entire construction industry in 1995 was 12.5 trillion yen. This is a total of 15.2% of all construction, and it has remained stable for the past six years. However, in Europe and the United States, it has exceeded 30% of United Kingdom, and has already grown to a scale comparable to the new market.