Japan Real Estate News
Japan
Asia Pacific Commercial Property Investment Spikes 23 Percent in 2024
New data from global real estate consultancy JLL reveals a 23% year-on-year (YoY) increase in commercial real estate investment across Asia Pacific in 2024, totaling $131.3 billion and surpassing 2022 levels. Investment volumes in Q4 alone grew 10% YoY to $34.9 billion, marking the fifth consecutive quarter of YoY growth for the region.
Ultra Luxury Home Sales Globally Experience Slowdown in Q3
Based on Knight Frank's newly released Global Super-Prime Intelligence Report, a slowdown in luxury residential sales of properties priced over $10 million occurred across 12 major global cities during the three months leading up to September 2024.
The World's First 'Global Listings Service' Announced
Miami-based WORLD PROPERTY MARKETS founder and CEO Michael Gerrity announced plans this week to launch in mid-2025 the world's first global, AI-powered and consumer-facing MLS platform called GLOBAL LISTINGS.
Commercial Investment in Japan Spikes 24 Percent Annually in Q3
According to CBRE, Japan's commercial real estate transaction volume rose by 24% year-over-year to JPY 1.207 trillion in Q3 2024, with large transactions exceeding JPY 10 billion doubling from the same period last year.
