TOKYO — Speculation of a Japanese interest rate hike is discouraging foreign funds and businesses from investing in the country’s real estate, bringing the total to a five-year low in 2023.
Foreign investment in Japanese real estate fell around 30% on the year to 1 trillion yen ($6.7 billion), while sales doubled to around 1.37 trillion yen, according to real estate consultancy CBRE. This resulted in net foreign sales of around 370 billion yen — the highest figure since 2018.
