Tokyo's core area property prices are surging, with some parties calling for restrictions on foreign property purchases to maintain national security and economic interests.
Property prices in prime locations such as Minato Ward and Chiyoda Ward continue to rise, with new apartment prices repeatedly hitting record highs. This trend has sparked discussions about the impact of foreign property purchases on local markets.
Some parties advocate stricter restrictions on foreign property purchases, including raising down payment ratios, limiting purchase areas, and imposing additional taxes.
The government is balancing the relationship between attracting foreign capital and protecting local homebuyer rights, and is expected to formulate relevant policy guidelines before January next year.
Data source: yocajr.com