JapanÆs property blues

JapanÆs property market is turning lacklustre after several years of growth, but there are some good buys for the cash-rich investor.

Japan plays by its own rules in most areas of the economy, and property is no exception. The most dynamic and advanced market is undoubtedly Tokyo. Even Osaka, JapanÆs second city, is seen as being at least two years behind the Tokyo market in terms of growth.

Real estate prices across the rest of Japan are stagnant or sluggish, as economic activity migrates ever more to Tokyo. Indeed, Tokyo is seeing net migration of 100,000 people per year from the...

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