Japan real estate transactions fell 34% in H2 2018 as foreign buyers slam the brakes on property deals - Nikkei
- Property transactions fell 34% to a six-year low of ¥1.72T ($15.78B), driven by the China economic slowdown, according to the Tokyo-based Urban Research Institute.
- Foreign buying made up over 30% of all real estate transactions a year earlier, but fell 90% to ¥91.9B. Relatively low prices had made Japanese real estate an attractive asset compared with property on other markets, but that perception has changed