ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Property

Foreign buyers slam brakes on Japanese real estate deals

China slowdown seen contributing to 34% drop in transactions

Tokyo waterfront condominium towers like these had been popular with Chinese investors. (Photo by Kazuya Hiruta)

TOKYO -- Japan's once-buoyant real estate market has seen a sharp pullback in foreign buying, sending property deals falling by a third in the second half of 2018.

Property transactions declined 34% on the year to a six-year low of 1.72 trillion yen ($15.78 billion) in the six months ended December, according to the Tokyo-based Urban Research Institute.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more