Friday, December 05, 2008

Tokyo Property Tops In Asia

Tokyo ranks number one out of 20 Asian locations as less risky and having better prospects for real estate investors in 2009. The Urban Land Institute and PricewaterhouseCoopers report also states that financing will be the biggest issue facing the market. Another large problem is that the strong yen, which cause investment dollars to lose a lot of purchasing leverage.

One hundred yen buys $1.07USD, $1.41AUD and $1.28 CAD. You would be better off taking your yen and buying overseas, like in Edmonton, than using weak currency to buy property in Tokyo.

1 comment:

pjeary said...

I appreciate this post. Very interesting Real estate blog. Hope it will always be alive! Thanks for this

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