Foreign investors bought Japanese properties at record rate last year

The value of Japanese property acquisitions by foreign investors came to about 1.3 trillion yen ($11.4 billion) in 2017, the highest amount since a record-setting 2007, reported Nikkei Asian Review, citing figures from the Japan Real Estate Institute.

Favorable financing circumstances are contributing to foreign investors’ interest, said Koji Naito, director of Japan capital markets research at JLL, but figures from Refinitiv show acquisitions surged worldwide last year, reaching a record $530.4 billion.