NAHA, Japan -- Miyakojima, in Japan's Okinawa prefecture, finds itself in the middle of a real estate frenzy as investors pour money into hotels and resorts in anticipation of a tourism boom as the COVID-19 pandemic subsides.
Property
Okinawa's 'Miyakojima bubble': tourism boom drives up land prices
Japan's southern islands face real estate squeeze as hotels spring up
Arcadia Resort Miyakojima opened this summer on Irabu Island, part of the city of Miyakojima, Okinawa. The hotel consists of 14 luxury suites with ocean views. (Photo courtesy of Arcadia Vacations)
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