Japan Land cheaper

According to the Ministry of Land, Infrastructure, Transport and Tourism of Japan, for the period from June 2008 to June 2009, the value of land in the country of the rising sun, on average, fell by 4.4%, marking the 18 th annual price decline. This is the largest decline in prices in the country for the last five years. This drop is caused by the crisis, which has led to tighter credit rules and the reduction in funding of construction activity, with the result that many investors are in no hurry to invest in real estate of the country. However, the fact that Japan has overcome the most difficult post-war crisis, allows us to hope that the worst is over. Real estate experts say that the growth in the number of surrendering lease office space in Tokyo, which lasted for a year and a half, ended last month, and the number of unsold homes and privatized apartments on the market in December 2008 decreased by 43%. "There are signs that the fall in land prices in Tokyo and other major cities is terminated. Maybe next year, property prices will rise even in Tokyo, while in regional areas, they will continue to decline, "- says the analyst of real estate market of the Tokyo-based company Mizuho Financial Group Takashi Ishizava. On this Site www.themovechannel.com