Why did the Japanese real estate prices the most expensive in the world?

The subway station near the site of more and more people love the Japanese real estate and convenience high apartment is caused by real estate price rise in your dig.

Japan Broadcasting Corp (NHK) has just put on a Private Companies survey results show that the average price of a new apartment, the apartment market in 2017 to Japan (approximately 440.000usd) 47.390.000 yan.

School of the Japanese economy and real estate, in the past year, the average price of apartments increased the level of 1.790.000 in Japanese yen, equivalent to an increase of 3,9 percent compared to years ago.

The new price, or even break the peak in 2015 is 46.180.000 Yan ($430). This is the highest price since the index was recorded in 1973.

The Japanese real estate prices soaring because of the increasingly high demand, a high degree of convenience and real estate near the train station to the real estate. One element is also important for other expenses and costs of staff also increased to buy a heaven.

The average price of a new data released also showed a new apartment, the apartment market in Japan is the highest record in 2017 47.390.000 yen (equivalent to $439).

In the explanation of the Japanese real estate prices have increased in recent years, the research of real estate Sakuma Makoto said, in fact, in 2017 the apartment sales almost no what change, compared to years ago, is the wisdom of the trading volume significantly increase or decrease. However, apartment prices continue to rise.

So, you Sakuma, the main reason for rising prices is the economic development of Japan and the Bank of Japan's monetary easing strong (Central Bank of Japan news). This helps the loan to buy a house has been maintained at a very low level of interest rates and stable.

In addition, the project in 2020 to make the Tokyo Olympic level increases in raw material and human resources construction is lack of push and pull the construction cost increase, apartment prices.

However, the researchers also confirmed that the apartment, apartment prices may increase higher in Japan on the outskirts of difficulties. Because, regardless of the income level of people has a higher level of growth, but not enough compensation costs increased by social security costs and other expenses. At the same time, The Hub City Stay Apartments prices tend to increase due to the increase in the value of the stock of assets, to help some people increase.

In addition, he also warned: Makoto increasing trend of real estate prices in Japan will continue for a period of time. Because the Japanese consumption tax may increase to 10% in October 2019 / 8% instead of the modern level. It is possible to buy apartments will increase demand for people in the time before the tax increase.

A warning about the related monetary policy is the governor of the Bank of Japan veteran Haruhiko Karoda, you should take this duty. To raise interest rates and tighten monetary policy in the background of big industry tracking all, look at Japan's monetary policy will affect the interest rate loan to buy a house is necessary behavior.

Third Makoto warning you, if the housing market is strong or not to the Tokyo Olympic games. The results of the survey have the real estate market in the 70% assessment of real estate will be at the highest level in 2020 reached the expression of them. Therefore, the real estate is likely to increase in the capital of Tokyo and some adjacent areas, at least until 2020 when the Olympic Games took place.