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After more than two decades of stagnation, Japan’s property market may be coming back to life

Posted on 26 March 2013

Being a Japanese home owner has been a disappointing experience beginning in the late 1980s, when land values collapsed, and in the subsequent decades, when they have stubbornly failed to recover. But all that may be about to change. The Wall Street Journal reports that Japans’s property market might be about stir back to life (paywall). It’s a sign of how terrible things have been that the WSJ sees it as a hopeful sign that land values fell only 1.8% in 2012—the slowest pace of decline since 2008.
The situation is slightly better in Japan’s megacities, as land prices in Tokyo, Osaka and Nagoya fell by only 0.6 percent………………………………………..Full Article: Source


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