Japan’s bout of inflation is cutting both ways in the Tokyo housing market.
Potential homebuyers in Tokyo are divided on their property purchasing plans as surging living costs add to affordability concerns, according to a Bloomberg Intelligence survey. Some are delaying purchases while others are wary of missing out on opportunities posed by rising home prices.
About a third of respondents to the survey said they plan to postpone purchases of real estate in Tokyo, while nearly a third said they are expediting plans to buy a home. People who preferred to wait cited personal circumstances and the rising cost of living as their main reasons, while those who were bringing forward plans to buy said they were afraid of prices climbing even more.
AloJapan.com