Zoe is the Founder and CEO of Japan Property Central K.K. - a boutique licensed real estate agency that works exclusively with buyers of real estate in Tokyo.
After several years of being a strong sellers’ market, Japan shifted into a buyers’ market in mid-March.
Real-term gross domestic product has seen a 1.2% annualized growth rate since 2012, down slightly from the 1.6% rate seen between 2002 and 2008.
Last year a major scandal involving Suruga Bank and numerous investment property spruiking realtors was unmasked, causing the Financial Services Agency (FSA) to start a nationwide investigation into regional banks and credit unions.
Foreign tourist numbers have increased year-on-year for the past seven years.
There are currently 290 apartments listed for sale around Toyosu Station as at November 2018.
Many of Japan’s major banks have started to offer borrowers some respite from loan payments in the event of a natural disaster.
According to Tokyo Kantei, the average price of a brand-new apartment across Japan was 7.81 times the average annual income in 2017, up 0.34 points from 2016 and exceeding the previous high of 7.64 seen in 1992.
Zoe Ward of Japan Property Central discusses the average price of apartments in central Tokyo.
Zoe Ward of Japan Property Central analyses the new apartment supply figures for July 2018, revealing that the Tokyo market experienced a 26-year low.
Zoe Ward of Japan Property Central explains how Tokyo's new apartments show an increase of 12.8% from last year.