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Tokyo real estate market shows growth for the first time in 20 years

24.03.2014
Homesoverseas.ru editorial office
40
According to the report Real Estate Economic Institute Co., prices for condominiums in Tokyo rose in 2013 by 10.8% compared with the previous year, according to Opp-conect.com . This indicates the return of investors to the market and the end of twenty years the real estate market downturn Tokyo. This price increase occurred against a background of increasing the supply volume by 46% to 28 340 objects. Thus, for the first time in many years, investors can count on favorable conditions for the acquisition of real estate and good prospects, associated with an increase in the cost, given the imminent holding of the Olympic Games in 2020. According to estimates Jones Lang LaSalle (JLL), compared with Tokyo condominium prices 30-40% higher than in Singapore and 70% - in Hong Kong. Another promising market with similar conditions - Taiwan. As the director of the International Department of JLL Akihiko Mizuno, the demand for property in Tokyo has always been high enough, but only now, for the first time in many years, we can say that buying a property in Tokyo - is a profitable investment. HomesOverseas.ru
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