Loans for rental housing increased by 20% this quarter
The total value of loans offered by banks for real estate purchases in the second quarter of fiscal 2017 (July ~ September) was 2.96 trillion Yen (approx. 26 billion USD), an increase of 23.5% from the previous quarter.
Demand for financing for the construction of commercial office and apartment buildings has been high due to the historically low interest rate environment.Read more