This will lead to a deterioration of the situation on world markets and most of all may affect Europe. In the case of the collapse of Japanese real estate market is in Europe turned their eyes, most Asian investors, thereby triggering a sharp rise in property prices.
Analysts say that in recent years Japan has been actively competed with the popular earlier Hong Kong and Singapore in terms of foreign investment (in the first place - Asian). The reason for this is the high profitability of real estate in Tokyo, which has brought 4,5-5,5% of net income a year. Total in 2010 in Japan, Asian investors bought property worth $ 372 million, according to RBC-Real Estate.
However, the economic stability of Europe and a low probability of natural disasters can be a decisive factor for the global shift of interest of Asian investors in its direction. This also contributes to a difficult situation in Japan. Igor Indriksons, director of overseas property investment company IntermarkSavills, argues that the country "in the last 20 years is in the negative zone of growth, the real estate market made many speculations."
According to the company, primarily Asian investors are guided by the market premium real estate in London. Now a leading position in the market occupied by the British capital investors from Eastern Europe and the Middle East, but in the near future the situation may change.
Currently, Japanese investors in real estate owned assets valued at $ 11.8 billion dollars outside the country.