{"id":31702,"date":"2016-10-26T13:30:07","date_gmt":"2016-10-26T06:30:07","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-foreign-investors-are-turning-their-back-on-japan\/"},"modified":"2016-10-26T13:37:23","modified_gmt":"2016-10-26T06:37:23","slug":"why-foreign-investors-are-turning-their-back-on-japan","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-foreign-investors-are-turning-their-back-on-japan\/","title":{"rendered":"Why foreign investors are turning their back on Japan"},"content":{"rendered":"


\nSelling much more than they\u2019re buying
\nTsutenkaku tower in Osaka, Japan. Nattee Chalermtiragool \/ Shutterstock.com
\nForeign investors are shunning the expensive Japanese property market as real estate prices continue to rise.
\nThere were JPY595 billion (USD5.72 billion) more in property sales from foreign investors than purchases in the first nine months of the year, the Nikkei Asian Review reported, citing data from the Urban Research Institute of Mizuho Financial Group. In a new record since 2012, total purchases between January and September collapsed 80 percent to JPY130.2 billion (USD1.2 billion) from the same period last year.
\nForeign investors sold JPY330.1 billion (USD3.2 billion) over the same period in 2013, and the figure for the entire year is likely to reach a record, the researchers noted.
\nMore: Where skiers go in Japan, land price increases follow
\nLowered interest in purchases may be attributed to skyrocketing prices all over the country, partly caused by the strengthening yen, according to institute head Shigeo Hirayama. Investors consequently take advantage of the prices and resort to turning profits.
\nPrime rents in Tokyo alone are growing the fastest in Asia, with a 9 percent year-on-year growth in the second quarter, according to Knight Frank\u2019s latest Prime Global Rental Index.
\nReal estate transactions in Japan amounted to JPY2.79 trillion (USD26.7 billion) between January and September of this year, according to real estate firm Jones Lang LaSalle.
\nRead next: It ain\u2019t easy being green: Japan leads Asia in sustainability
\n
\nSource : property-report.com
\nRead more…Why foreign investors are turning their back on Japan<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Selling much more than they\u2019re buying Tsutenkaku tower in Osaka, Japan. Nattee Chalermtiragool \/ Shutterstock.com...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-31702","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-8fk","jetpack-related-posts":[{"id":118078,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-investors-turn-cautious-on-chinas-property-market-as-slowdown-political-risks-cloud-outlook\/","url_meta":{"origin":31702,"position":0},"title":"Foreign investors turn cautious on China\u2019s property market as slowdown, political risks cloud outlook","date":"August 4, 2020","format":false,"excerpt":"\r China\u2019s economic slowdown and fraying ties with the US and other western governments have prompted foreign investors to temper their investment in local properties, according to Cushman & Wakefield.They spent about 27.1 billion yuan (US$3.88 billion) on such assets this year as of June 30, the property consultancy said\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92933,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreign-investors-buy-2-1-billion-of-nz-assets-in-first-five-months-of-the-year\/","url_meta":{"origin":31702,"position":1},"title":"Foreign investors buy $2.1 billion of NZ assets in first five months of the year","date":"July 2, 2018","format":false,"excerpt":"\r Foreigners got consent to buy $2.1 billion of New Zealand assets classed as rural, sensitive or worth $100m-plus in the first five months of the year. 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