Nearly 90% of Japanese Support Government Regulation of Foreign Buyers, Developers Strengthen Restrictions

A survey shows that approximately 87.9% of Japanese people believe that purchasing apartments for resale purposes is problematic and support government regulation of foreign property purchases.

Some developers have taken measures, such as Mitsui Real Estate stipulating that if buyers resell before delivery, deposits will be confiscated and contracts terminated. This measure aims to prevent speculative property purchases.

Japanese people's concerns about foreign property purchases mainly focus on rising prices and difficulty for locals to purchase homes. The government is considering stricter regulatory measures.

In the upcoming House of Councillors election, housing issues have become a focus for all parties. Some parties advocate imposing a "vacant house tax" on foreign speculative property purchases, or even comprehensively restricting foreign property purchases.

Data source: jpchinapress.com