"For the first time in at least 13 years, average land prices in Tokyo rose this year, Japan's tax agency said Monday, signaling a turnaround in a property value slide that began in the early 1990s with the collapse of the nation's speculative bubble."
Monday, August 01, 2005
It Only Took 13 Years for RE to Begin to Recover, Grasshopper
This article has been splattered all over the internet. Apparently, after 13 or so years, real estate prices in Tokyo are finally starting to increase. It will be interesting to see just how long it will take the US RE markets to recover after the bubble.
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1 comment:
It is probably a false bottom. I do not see it turning around any time soon (next 10 years). RE is still way over-priced there.
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