On November 26, Japan property portal Kenbiya announced the results of its 22nd Annual Survey on Real Estate Investment.
The survey was conducted online from October 17 to October 31 among registered members of Kenbiya's real estate property portal, garnering 484 valid responses.
Kenbiya focuses entirely on income-generating real estate. This report focuses entirely on residential income-generating property seekers.
Majority See Increases in Pricing Moving Forward
When asked about current investment property prices compared to a year ago, 67.1% of respondents noted an increase in prices, making it the most common response.
This trend has continued as the dominant sentiment since April 2021.
Historical price expectation ratios courtesy of Kenbiya, edited by Patience Realty.
Regarding expectations for investment property prices over the next year, 47.1% predicted further increases, though this percentage has been on the decline compared to previous surveys.
Meanwhile, 22.1% of respondents anticipated a decrease in prices, showing a gradual upward trend in pessimism.
Financing Trends: Loans and Rising Interest Rates
Of those who purchased properties, 65.2% utilized financing, a figure that has been increasing since the October 2021 survey.
Of those buyers who used a loan, the above illustrates the kind of lender they borrowed from. Graph courtesy of Kenbiya, edited by Patience Realty.
Loan interest rates in the 2% range were the most common, with 57.9% of respondents noting an increase in rates compared to a year ago.
Type of respondent employment courtesy of Kenbiya, edited by Patience Realty.
Loan terms of 11 to 20 years were the most frequently reported, accounting for 45.9% of responses.
Further Reading:
Kenbiya 22nd Annual Income-Generating Real Estate Report (Japanese only)
Source:
R.E. Port News (Japanese only)
