Tokyo Real Estate Market Report

TOKYO REAL ESTATE MARKET REPORT VOL.8

The High-grade Residential Market for Expatriates in Tokyo

1. Growing Internationalization of Tokyo

With the globalization of the Japanese economy, many international companies have been expanding their business in Japan recently.
Especially in the financial sector, the deregulation of the Tokyo financial market, called “the Japanese BIG BANG”, has brout many international firms to Tokyo. Not only financial institutions, but also accounting firms and law firms are increasing their staff in Tokyo rapidly.
On the other hand, an increasing number of expatriates results in the lack of high-grade residences for them in Tokyo. In order for Tokyo to become an international financial center like London and New York, it is necessary to provide more housing that meets their life styles.
This report analyzes trends in demand and supply of high-grade residences for expatriates in Tokyo, as well as the potential of such as a subject of real estate investment.


 

NEXT: 2. Trends in Population of Foreign Residents


Copyright 2004