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Foreigners go bargain-hunting for Tokyo property

Posted on 07 November 2012

Canadian Markus Leach figures he has gotten a bargain. Having left the confines of the world’s most-crowded metropolis two years ago, he now lives a 90-minute train ride away in a 3,000-square-foot house sitting on a pristine acre of land overlooking the Pacific Ocean.
The cost? Less than $500,000. “Such a property would be at least $2 million or more back home in Vancouver,” said the 53-year-old executive recruiter. In Tokyo, a new condominium, at 760 square feet, sold for an average of $515,000 in September, according to the Land Institute of Japan………………………………………..Full Article: Source


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