Forgotten, in a world full of crashes and desperate rises when it comes to real estate, is the city of Tokyo which for a long time has remained stable despite global crisis. Ever since losing its world position in the economy of the globe in the late 80s, Tokyo has gone on a trend of slow and steady growth with little risk of collapse.
During the recent Japan Investment Briefing, analysts say that despite reports pointing to a possible comeback, Tokyo’s property market is not going to show an explosive growth any time soon. Analysts also add that Tokyo has a strong and stable market that has been largely forgotten.
According to Professor Lawrence Longua, director of New York REIT Centre, Tokyo like the US and other European and East Asian markets, has gone unnoticed as a source of real estate investment opportunities since the economic crash in the 80s. He adds that the bursting of the bubble in 1989 greatly affected the economy and worse, made Japan disappear and become irrelevant in the world market. Also because of the changing economy, Japan found it difficult to set up a comeback.
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