Now, the real truth about the real estate market in Japan !
I am often asked about the trend of the real estate market in Japan.
The most common question is
“Is it going to come off after Tokyo Olympics in 2020 ?”
What do you think ?
It is always difficult to predict how the market will behave but we can always make some analysis.
There are a few perspectives we should focus when analyzing the market.
First, let us walk through the recent high level market trend.
Average land prices in Japan rose from a year earlier for the first time in 27 years in 2018, fueled by the increasing foreign tourists and by urban areas where redevelopment projects are ongoing.
For example, the number of foreigners who stayed overnight in Kyoto in 2017 totaled 3.53 million, a record high.
The national average of benchmark land prices as of July 1 (in 2018) rose 0.1 percent from a year earlier.
The national average of commercial land prices was stronger than the residential segments and it went up
by 1.1 percent.