January 20, 2011

Condominium Market Starts To Recover

The Real Estate Economic Institute released a report of a 22.4% increase in the number of new condominiums put on the market in the Tokyo metropolitan area on the year to 44,535 units in 2010. It is the first increase in six years. The figure is projected to rise 12.3% to 50,000 units this year. After years of being stuck in the doldrums, Japan's condominium market is beginning to show signs of recovery, prompting property companies to resume aggressive condo. development in the metropolitan area.

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