Anonymous
ID: +fhF8mFM
7/1/2025, 2:33:42 PM No.509211756
โพ Land prices in Asakusa, Tokyo, have surged 29% from the previous year โ now the 3rd highest in the country.
โพ Prices are nearly double compared to the pre-COVID era, driven by foreign interest, especially from Chinese buyers who are purchasing properties to turn into minpaku (private tourist accommodations).
โพ One Chinese buyer reportedly paid cash for a 40-year-old building near Kaminarimon (Thunder Gate with the red lantern) for 500 million yen, telling the agent: โEven if I lose the money I brought to Japan, I wonโt regret it.โ
โพ Agents say foreign buyers are โbuying without caring about the price,โ aiming only to rent out properties for profit.
โพ Data shows minpaku listings continue to rise, with 32,000 currently across Japan โ over one-third are in Tokyo.
โพ In Asakusa alone, the number of minpaku properties has increased by 80% since before COVID.
โพ Local residents are feeling the impact: rent has gone up by 4,000 yen, there are complaints about noise late at night, and issues with garbage left by tourists.
โพ Researchers point out that foreign money is flowing in due to a weak yen and low interest rates โ a trend that is expected to continue.
https://news.yahoo.co.jp/articles/bdcf1d1d8c100feab921aa3220aa936f833f5684
โพ Prices are nearly double compared to the pre-COVID era, driven by foreign interest, especially from Chinese buyers who are purchasing properties to turn into minpaku (private tourist accommodations).
โพ One Chinese buyer reportedly paid cash for a 40-year-old building near Kaminarimon (Thunder Gate with the red lantern) for 500 million yen, telling the agent: โEven if I lose the money I brought to Japan, I wonโt regret it.โ
โพ Agents say foreign buyers are โbuying without caring about the price,โ aiming only to rent out properties for profit.
โพ Data shows minpaku listings continue to rise, with 32,000 currently across Japan โ over one-third are in Tokyo.
โพ In Asakusa alone, the number of minpaku properties has increased by 80% since before COVID.
โพ Local residents are feeling the impact: rent has gone up by 4,000 yen, there are complaints about noise late at night, and issues with garbage left by tourists.
โพ Researchers point out that foreign money is flowing in due to a weak yen and low interest rates โ a trend that is expected to continue.
https://news.yahoo.co.jp/articles/bdcf1d1d8c100feab921aa3220aa936f833f5684
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