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Japan has a declining population. Residential real estate inevitably declines with this demographic trajectory. More housing units per person. Also Japan did n
by adam_arthur 5y ago
Japan has a declining population. Residential real estate inevitably declines with this demographic trajectory.
More housing units per person. Also Japan did not have a lot of nimby mentality blocking new housing, to my knowledge
Lower rates offsets the price reduction to a certain extent.
- CountSessine 5y agoJapan has a declining population. Residential real estate inevitably declines with this demographic trajectory. The Kansai region has an increasing population and real estate prices are still in decline or stable. Also Japan did not have a lot of nimby mentality blocking new housing, to my knowledge Yes, they did - prior to 2001 when the national government took zoning authority away from municipalities.
- adam_arthur 5y agoFRED shows housing prices in aggregate rising in Japan https://fred.stlouisfed.org/series/QJPN628BIS https://fred.stlouisfed.org/series/QJPN628BIS If a growing region is declining, I would expect building to be outpacing growth, or a cultural trend away from wanting to own (reduction in demand for purchasing despite growing population)
- arcticbull 5y agoAll that would mean is its a market where supply >= demand. The weights on the scale aren't as relevant, IMO.