Local group wants to curb speculative investment in Kyoto apartments

The Parkhouse Kyoto Kamogawa Gosho-Higashi. 30% of the buyers have been Tokyo residents.

A citizen’s group in Kyoto is campaigning for the city to introduce regulations to curb the recent speculative buying of apartments in the history city. On January 22, the Kyoto Community Development Citizen Association submitted a proposal to Kyoto City’s Town Planning Department seeking counter-measures against an overwhelming increase in real estate prices.Read more

by Zoe Ward