Growing Economy
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"Japan, one of the worlds most promising investment destinations"
Japan, the world’s second largest economy, is also one of the world’s most promising investment destinations. After its fall in the 90’s, Japan’s economy has been on the consistent incline, and is now making what is reportedly the longest and steadiest economical comeback in its post-war history.
With the value of the yen, real estate and interest rates still sitting at an all-time low, this translates to increased purchasing power per dollar, presenting foreign buyers with an extremely attractive platform for inbound investment.
Property
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"Asia Pacific real-estate markets are thriving, many of them positively booming – with experts forecasting more of the same"
Thierry Renault, Deputy Managing Director, Reed MIDEM
Direct investment in Asia Pacific property is believed to have reached $100 billion in 2006, with 2007 forecasted to significantly increase, as investors rush to purchase in Asia Pacific's booming property market.
Japan has been in this spotlight, and while much attention remains on the larger cities such as Tokyo and Osaka, other areas of Japan have been silently out-performing these areas, delivering stronger growth, and higher yeilds.
Niseko has been one of these quiet achievers, boasting land value increases of up to 33%* in 2006, being declared by the Japanese government as "Japan’s highest property growth area".
Over the last five years, Niseko has been inundated with foreign investment. Both Higashiyama Resort and Hanazono Resort have been acquired by international firms Citigroup and Harmony Resorts, whilst Australian company Citimark is currently in the midst of a first class luxury retail and accommodation development in the heart of Hirafu.
In conjunction with the ongoing improvements to infrastructure, facilities, and its booming tourism sector, the future of Niseko looks nothing but spectacular.
*JETRO(Japan Organization)