The Japanese property market is one of the last to remain standing by virtue of having remained a laggard for the last 15 years. The reason for this largely comes down to subdued growth and strict credit criteria, as the banks continue to liquidate their bad debts. But it has not been all bad news. The positives are:1. Low levels of indebtedness
2. Low interest rates
3. Population growth in the largest cities
Tokyo is the largest population centre in Japan and continues to reinforce its dominance. It therefore goes without saying that Tokyo should be a place to consider for property investment. Population growth plays an important role in determining property prices. Japan is no exception as we see clear trends in population net migration from outer Tokyo to Central Tokyo.
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Andrew Sheldon www.sheldonthinks.com
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