TOKYO -- Property investment in Japan shrank 23% on the year to 4.08 trillion yen ($37.81 billion) in fiscal 2015, for the first contraction in four years, according to Urban Research Institute, which is affiliated with Mizuho Trust & Banking.
The number of transactions also decreased for the first time over the same period, sliding 19% to 1,014. Urban Research compiled the figures based on data released by listed companies and real estate investment funds.
