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January 01, 2003

1. How is the market looking these days?

An overall increase in demand can be seen, as US companies, invigorated by the recent upturn in the US economy, start to re-establish their presence in Japan.

At the same time however, there is still ample room for negotiating, as prices continue a downward trend in reaction to a sudden increase in the supply of luxury housing in central Tokyo.

The recurring popularity of the traditionally high-priced city-center (Azabu, Hiroo, Akasaka) as the area of choice for both newly arriving expats and veteran Tokyo expats is perhaps the best indication of the falling prices and expanded room for negotiations.

Posted by aoki at January 1, 2003 12:02 AM

 
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