日本不動産市場の特徴と投資戦略

大家好,我是小佳,'全球房东铃木学的房地产投资讲座'的主持人。我访问的铃木学先生,昵称是全球房东,他在世界6个国家进行房地产投资。他是日本人而说流利的中文。由铃木先生解释一下海外置产的思路和具体方案吧。
请点击: 全球房东铃木学的讲座
Japan, in short, “Mature”, “Steady”, “Low Growth”, “Oversupply”market
- “20 years of bear market” has made Japan property price substantially cheaper.
- Gross rental return is high, at least 5% even in Tokyo prime area. Over 10% is easily found in many places.
- Capital growth opportunity is limited, due to shrinking/ageing population
- Vacancy rate is high (national average 20%) due to oversupply. Some areas experiences rent decrease.
- Currently, Tokyo enjoys Olympic impact, expects gradual capital growth towards 2020.

Pros and Cons of Japan market
Brighter side
- High rental return
- High yield gap (Low interest rate)
- High building quality, earthquake-proof technology
- High maintenance ability
Brighter side
- Shortcomings, Risks
- Low capital growth
- Complex tax system
- Market is still very domestic. Limited service for non-Japanese
Different area, different investment model…
Tokyo CBD
Pros Cons…
Tokyo metro areas (Yokohama, Saitama etc..)
Pros Cons…
Second – tier cities (Osaka, Nagoya, Fukuoka etc…)
Pros Cons…
Rural Small/medium cities
Pros Cons…