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Foreign Buying Pushes Up Kyoto Property Prices
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News On Japan
According to local residents and real estate registry records, the owner of the land is believed to be Chinese.
Under current rules, real estate transactions by foreign nationals are generally unrestricted.
However, criticism has been growing that such purchases are contributing to soaring property prices, prompting the government to begin examining the actual situation as it considers whether existing regulations should be revised.
Policies related to foreign nationals have become a point of contention in the ongoing House of Representatives election campaign.
From the perspective of real estate ownership, MBS reporter Tomoyuka Kimura explains the current state of foreign property acquisitions and the data behind the debate.