In Japan, where commercial banks have low interest rates and inflation, there has recently been a growing trend toward investing in real assets rather than holding cash assets.
Not only real estate prices in Japan, but also whiskey and gold prices are rising.
On the 14th, the Nippon Keizai Shimbun (Nikkei) cited a survey by real estate research company Tokyo Kantei, and reported that the price of a 21-pyeong mansion in the 6th district of downtown Tokyo was 109.95 million yen (978.44 million won) as of December last year, the 11th consecutive month. It was reported that it had reached a new high. In particular, as foreign investors flock to Tokyo in large numbers, Tokyo housing prices are soaring day after day.
The 2030 generation is investing in whiskey and gold, which are relatively easy to invest in. Reflecting this, we can also see a surge in whiskey prices.
As of last month, the wholesale price of Tori Yamazaki 12 Year 700ml hit an all-time high of 24,000 yen (213,000 won) per bottle, up 60% from the same month last year.
“I have never experienced a market price like this before,” said Keisuke Ota, president of JoyLab, a liquor wholesaler located in Tokyo. “Because the investment barrier is low, it is highly likely that novice investors are jumping in.” This trend is a huge change since Japan used to focus most of its asset management on deposits and savings instead of stocks or real investments.
Inquiries regarding Japanese real estate investment are flooding in domestically as well. As it is an overseas transaction, it is important to carefully check with an expert to ensure that it is a safe transaction.
Reflecting this trend, global real estate company Remax Korea successfully held an 'Overseas Real Estate Investment Seminar' introducing real estate in Fukuoka, Japan last December.
