The associations that arise in Japan are very diverse: cherry blossoms, national cuisine, tea ceremony, the country of the rising sun, traditions, spirituality, kimonos, samurai, geishas. This is not a complete list. Be that as it may, in our view this country painted with East Asian coloring and for us, it is a kind of exotic. This is precisely what Japan has bribed, sparked interest. I wanted to look at it from the investment point of view.
The first among equals
The first thing you need to know about the Japanese real estate market is that not everyone can buy something on it. It is considered to be one of the most expensive countries in the world. The international real estate agency Savills has made a rating of transactions with housing from cost the most expensive in cost per square meter. The first place in the ranking was occupied by a house sold on the street Kensington Palace Gardens in London, where for every square meter had to shell out for 142.3 thousand dollars. In second place was a mansion, purchased in the elite area of Hong Kong Deep Water Bay Road at a price of 140.5 thousand dollars per meter. Buying an apartment in Tokyo is located in fourth place.
For a square meter in it, the buyer paid 85.3 thousand dollars.
Now it is worthwhile to get acquainted with the situation in the real estate market and its prices. “Internationally, Japan is consistently among the top ten key real estate markets. At the same time, in the Asia-Pacific region, it shares the leading place with China. The volume of investment in Japanese commercial real estate in different years can fluctuate from 20 to 50 and more billion dollars, which allows the country to consistently enter this top five in the world leaders. Also, Japan leads the way in rental rates, with an enviable periodicity ranking first in terms of rental rates in various segments of the commercial real estate. For example, in the first quarter of 2011, Tokyo has been characterized by the highest average lease rate of warehouses at $ 239 per square meter.
The market of Japanese real estate definitely not for everyone, but everyone can “taste it”.