Japanese market sees "substantial investment interest"

The property market in Japan is currently experiencing property investment activity, according to a new report.

Produced by analysts at CBRE, the report suggests that Japan is currently witnessing "substantial investor interest in the Osaka office market, with geographical coverage also widening to second-tier Japanese cities such as Nagano, Sendai and Kobe".

CBRE states that this growth comes "despite" the fact the Bank of Japan decided not to cut the country's interest rates, reports website Property Report.

The news comes as the some claim the real estate market in Asia is currently experiencing rapid growth.

Speaking to the Financial Times, Tim Condon, ING chief economist, said that these "booms" are taking place across the region ? claiming that rising property prices are a "uniform trend".

"There are very few countries where you don't see it, whether it's in equities or in the property market," he told the paper.

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