A victory for Japanese Prime Minister Shinzo Abe in parliamentary elections on Sunday would be supportive for the country’s commercial property sector, according to Tim Gibson, co-head of property equities at Henderson Global Investors.
Commercial rents and prices have risen in the two years since Mr. Abe’s election victory and a new vote for him will mean the market will continue to thrive, Mr. Gibson said. “The carrot of inflation…is incredibly positive for real estate,” he said.
The sector has already been the subject of a number of large investment deals, and real estate broker Jones Lang LaSalle Inc. estimates that property transactions could rise a further 20% next year in volume terms, to 6 trillion yen.
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