経済｜都内マンション取得の海外割合3％ / Economy | The proportion of overseas buyers acquiring condos in Tokyo is 3%.

Summary

According to a survey by the Ministry of Land, Infrastructure, Transport and Tourism, it was found that 3.0% of individuals who acquired newly built condominiums in Tokyo between January and June 2023 had addresses overseas.

This percentage surpasses that of Osaka Prefecture at 2.6% and Kyoto Prefecture at 2.3%. Additionally, the rate of short-term transactions in Tokyo is the highest at 8.5%, leading to a policy against resale aimed at curbing short-term buying by investors and foreigners.

Dialogue

This dialogue is fictional and based on the article.

Log: Did you know that a recent survey found that 3% of new apartment buyers in Tokyo have overseas addresses?
Chako: Wow! That’s a lot! People from overseas are buying apartments too!
Log: Yeah, that’s right. The percentage is a bit lower in Osaka and Kyoto, but Tokyo has the highest rate.
Chako: I wonder why so many foreigners are buying.
Navi: Let me add to that. Tokyo is an international city with a lot of business and tourism, making it an attractive market for overseas investors.
Chako: I see! That’s why everyone is buying!

Admin’s Note

The results of this survey indicate that Tokyo is gaining attention as an international investment destination. The significant number of foreign buyers acquiring condominiums highlights the appeal of Tokyo. Additionally, measures to curb short-term trading are being implemented, which may create a challenging environment for investors. We should keep an eye on the future trends of the real estate market.