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Economy

Cheap Japan: Investors dig up bargains in Niseko's powder paradise

Japanese town ranks just 31st in land prices among ski resorts worldwide

The Japanese ski resort Niseko has seen a massive influx of foreign visitors and investors.(Photo courtesy of Altus: https://flickr.com/photos/altus)

TOKYO -- Foreigners are descending upon the northern Japanese ski resort of Niseko in droves, lured by not only its renowned powder snow, but also land prices that remain remarkably affordable even after sharp rises in recent years.

Along an icy road near the slopes sit nine brand-new condominiums with wooden walls and large windows. Upon opening the door to one, the eye is drawn to a high ceiling and a broad spiral staircase.

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