We have seen Japanese real estate market around Tokyo is getting active these days.<\/p>\n
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We exchage contracts every month and close deal every month with Japanese clients. I recognize information time lag in between Japanese street smart and none native people from overseas.<\/p>\n
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(We have done transaction with Chinese lady who speaks fluent Japanese this month.)<\/p>\n
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Positive factors for Japanese real estate<\/p>\n
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\u30fbMajor economic powers, G20, implemented enourmous financial and fiscal policy to prevent further deep recession.<\/p>\n
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\u30fbJapanese goverment changed tax benefit to support first time home buyers.(on loan transaction)<\/p>\n
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\u30fbJapanese goverment modified tax code for corporation for fixed asset purchase.(on corporate tax for fixed assets)<\/p>\n
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\u30fbBOJ keeps and will keep lower interest rate at 0.1%.\u00a0<\/p>\n
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\u30fbMajor banks attitude are getting aggresive after fiscal year end. (March 31, 09)<\/p>\n
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\u30fbJapanese goverment is discussing tax benefit on gift tax for kids to buy or build house or apartment…<\/p>\n
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Negative factors for Japanese real estate<\/p>\n
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\u30fbJapanese birth rate is still very low and population will not grow.<\/p>\n
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\u30fbGoverment assets, so called “Maizou Kin”, is not sold very well.(According to Nikkei News Paper)<\/p>\n
Supply of land is expected in the future.<\/p>\n
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\u30fbEconomic recovery is not strong enough compared to other developing countries such as China.<\/p>\n
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\u30fbGlobal crisis may not be over.<\/p>\n
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Through our business activity, we have lots of buying demand for commercial properties from Japanese clients.\u00a0 They can not see good investment opportunities in stock and bond market domestically. They bought high yeild\u00a0 commercial properties such as dormitories, office buildings and so on. (7%-12% gross yeild)<\/p>\n
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Evidence of bottom
\nWe had lots of buying orders from clinets, but they could not buy such properties at their expected level. But somebody bought them at higher level than our clients. Seeing these transacions, I am confident to say Japanese “commercial properties” are bottomed out around this Feburary.(Please ask detail…)<\/p>\n
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However, residencial properties are not yet bottomed out, but it is bottoming out now. Since potential buyers are moving very active to catch bargain deal at this bottom.<\/p>\n
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This is first page of our blog.\u00a0 We would like to provide English\u00a0written vivid information to people from all over the world.\u00a0 (by Hirokazu Mukai\u00a0CEO)<\/p>\n
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