Property prices in the country have been falling continuously for nine years, according to Japan’s National Land Agency. The average price fell by 3.6% over the 12 months to 1 July. Experts are expecting this trend to continue for some time yet.
There are marked differences between prices in central and non-central locations, and between demand and supply, with IT companies providing new demand in some parts of Tokyo.
Frankfurter Allgemeine Zeitung, 09 October 2000 p25
