Japanese property on a roll as Chinese grow weary of Vancouver
Japan’s property market appears to be a beneficiary from the worsening of US-China trade war, as a rising number of affluent mainlanders shift their attention to assets in Tokyo ahead of next year’s Olympic Games. Property portal Juwai.com said its data showed interest by Chinese buyers in the Tokyo property market had risen by a factor of 10 in the first quarter, versus the number of inquiries made a year earlier. US property was the most popular [investment] among Chinese in 2014. The trend has changed in recent years, particularly this year. Tokyo home prices rose by an average of 7 to 10 per cent last year while in Osaka they jumped 12 per cent, according to Japan’s Ministry of Land, Infrastructure and Transport.
Tags : INTERNATIONAL