Although the pandemic has destabilised the entire globe, the desire to buy a house in Japan is still felt by many investors. The latest market research we have conducted leaves no doubt. Investors are crazy for Japan! The search for a house in Japan is one of the most popular on the net. But why does everyone love this land? If you are curious to know more, you are in the right place! We at Realigro will explain to you why many investors are looking for property in Japan. And not only that! So, if you’re ready, let’s get started!
Let’s get to the heart of our column, trying to grasp the peculiarities that make this land fantastic. Let’s start with an assumption. If you want to live in a place that has one of the highest average salaries in the world, the answer is: Japan. Yes! Japan boasts an excellent quality of life, thanks also to the relaxed mood that you can feel right away.
Living in Japan also means moving to a place that is considered one of the safest in the world. But this is not synonymous with backwardness! Remember that trains here are so fast that you can go from Osaka to Tokyo in just 2 hours and 20 minutes! That’s why cars are really a bonus! Not surprisingly, most European investors are looking to relocate to Japan. The figures speak for themselves: no European country is comparable in safety and quality of life to Japan!
What does Japanese real estate look like now? Let’s assume that Japanese real estate has appreciated significantly in recent years. This means that they have experienced a gradual increase in prices.
But after the critical period we have been through, it seems that Japan is also moderating in terms of property prices. It should be remembered that the government had implemented plans to allow those who occupied a council house to redeem it within a few years. This is because about 80% of the Japanese population occupies social housing. To sum up, the most expensive market is the rental market. While for the purchase of a property, the data indicate a return to normality. And therefore more affordable prices.
To give a practical example, the average cost of buying a house in Japan is 4,629.47 euro (605,518.25 JPY) per square metre. This is about 2,000 euros more than the European average. But the results of recent statistical surveys show that investors consider this price to be “well justified”. In proportion to the well-being of living in Japan.
What are the forecasts for Japanese real estate? We cannot give a definite answer to this question. But we can invite you to stay updated on our portal! Every day we will give you news about international real estate and not only! And you, would you ever move to Japan?
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