A speech by Christopher Dillon — author of "Landed: The guide to buying property in Japan" (landedbook.com) — at the Canadian Chamber of Commerce in Hong Kong on November 17, 2010.
Japanese property prices have plummeted since the late 1980s, when the land under the Imperial Palace in Tokyo was reportedly worth more than California. You can now buy a house on an acre of land for as little as US$35,000, and ski chalets in Hokkaido are cheaper than those in Whistler or Vail. But is it the right time to buy?
Christopher Dillon examines the demographic trends shaping Japan’s real estate market and explains where to find financing, what not to buy and how to avoid risks that are unique to Japan.
Note: This is an updated version of a July 2010 presentation at the Foreign Correspondents' Club in Hong Kong. It includes new information about the appreciation of the yen and income properties. The audio quality is also greatly improved.