domestic individual investors survey – it is time to buy real estate in japan-
*According to a survey done by Nomura on their real estate webpage, 761 property investing entities (July . 2009) :
about 90% individual investors answer they are positive or optimistic to buy real estate in near future.
- Q : Time to buy real estate in Japan?
10.2% … Not yet ideal time to buy real estate
38.0% … The time to buy is soon
51.8% … The time to buy is now.
- Q : When will Japanese real estate prices hit the bottom?
2.4% … In at least 4 years
17.5% … In 2-3 years
26.1% … Within one year
21.9% … Within half year
20.1% … Already hit the bottom
12.0% … Don’t know
Source : Nomura Urban Network.
In another survey, real estate investors in Japan are having a more optimistic opinion of residential real estate. According to Nomura Urban Network research survey, the results suggest that the trend of second hand apartment buildings in the first quarter of 2009 has been showing signs of improvement. Those that replied “second hand apartment buildings in central Tokyo are rising in value” is 30% from 7.2% in previous survey. Those that replied “property prices are likely to decrease in the future fell to 12.1% from 43.2%”. On an annual comparison, those that think “Tokyo second hand apartment prices are rising rose to 5.7% from 0%.” Those that think “prices are decreasing fell to 78.6% from 92%.”
-Related reports-
“2009 1st Quater, Overall residential rent change from previous quarter (Tokyo 23 Wards)”
“Expected real estate cap rates in Tokyo”
“Real Estate Capital Appreciation Return of Cetntral 5 words of Tokyo”
“Total Return of Cetntral 5 words of Tokyo”
“Real Estate Investment Index of Minato, Shinjuku, and Shibuya wards of Tokyo”
“Real Estate Investment Index of the 5 central wards of Tokyo”
“Official land price 2008 (commercial area)”
“Historical land price of commercial area in Japan (1970-2008) “
