Real Estate Investment
Market of Japan Future
Possibilities and Issues
2. System of Real
Estate Valuation in Japan
(1)
Before and During the
Bubble Economy
For a long time
prior to the collapse
of the of the bubble economy,
the Japanese people firmly
believed in “The
Land Myth”. The general
idea of this fanatic belief
can be described in the
chart below.
(2)
After the Crash
During the long-term
recession following the
collapse of the bubble
economy, the situation
has changed as follows.
