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This article from 2014 has problems. In 2016 Tokyo: "Existing condominium units’ average prices rose by 3.73%... New condominium units’ average prices skyrocke
by abalone 9y ago
This article from 2014 has problems. In 2016 Tokyo:
"Existing condominium units’ average prices rose by 3.73%...
New condominium units’ average prices skyrocketed by 21.2%..."
"...last year was particularly bad for housing starts in Tokyo Metropolitan Area, with 9.9% less new condominiums (40,449 units) being put on the market – the lowest level since 2010..." [1]
Basically the article has a politicized tone, comes from an urbanism advocacy group, ignores the recession, ignores Abenomics, misrepresents the true fluctuation of the real estate market in urban centers, jumps straight to "regulation" as the culprit, and is strikingly dismissive of environmental concerns.
[1] https://www.globalpropertyguide.com/Asia/Japan/Price-History https://www.globalpropertyguide.com/Asia/Japan/Price-History