In the ever-evolving landscape of global real estate investment,
it’s essential to keep a close eye on emerging trends and opportunities.
One such opportunity that has recently come to light is the significant growth
in real estate investment in Japan’s capital region.
According to a report by Jones Lang LaSalle (JLL),
the first quarter of 2023 saw a remarkable 26% year-on-year increase
in real estate investment in Japan’s capital region, which includes Tokyo, Kanagawa, Chiba, and Saitama.
This surge propelled the region to the second spot in global rankings.
The low-interest rates in Japan, compared to the rising rates in Europe and the U.S.,
have attracted foreign investors, who now account
for about 30% of the total real estate investment in Japan.
Domestic investors have also increased their investments by 31% to $6.8 billion.
Globally, Los Angeles led the city rankings with an investment amount of $5.7 billion,
followed by London and Shanghai. New York,
however, fell to the fifth spot due to declining real estate prices
and a challenging fundraising environment.