Apartment bubble - Why new apartment prices are rising
Recent news reports have suggested that real estate prices in Japan are set to rise and that a property bubble is imminent. But how true are these reports?
The prices of brand new apartments in Japan's major capitals has certainly increased (up 3.0% over 12 months in greater Tokyo in March 2013). However, the main reason for the increase in price is not a property bubble, but an increase in construction costs.Read more