is-japan-real-estate-poised-for-a-gold-rush

Is Japan real estate poised for a gold rush?

As the real estate market struggles, opportunities are arising for distressed asset specialists.
November 17, 2008
The Real Estate Investment World forum held in Tokyo last week was full of gloom and doom. Delegates who had bought the $3,500 tickets, obviously long before the credit crunch really hit, chatted together like survivors of a particularly nasty storm û albeit very well dressed survivors. And they certainly had plenty of bad news to discuss with the value of real estate acquisitions in Japan still below Ñ10 billion $103 million for 2008, compared with between Ñ50 billion and Ñ60 billion last year, according to figures provided by RREEF Alternative Investments, a unit of Deutsche Bank.

Yet if you dug a little deeper you could see that some delegates were surprisingly relaxed. Most bankers...
¬ Haymarket Media Limited. All rights reserved.

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