CONCIERIA, the property brand of CLEARTH LIFE in Tokyo

An Attractive Investment Target "Japan": Trends in Japan's Property Market, Foreign Visitors, and International Students

It has been a year since May 2023, when COVID-19 was classified as a Category 5 infectious disease in Japan. Since then, the hustle and bustle have returned to towns, with an increase in foreign workers and tourists.

With the Japanese yen at an unprecedented low, interest in Japanese properties continues to grow among overseas investors. At CLEATHLIFE TAIWAN Inc. (東京都心不動産股份有限公司 https://www.clearthlife.com.tw/  ),the number of clients wishing to participate in Japan property seminars and site visits has been increasing.

In fact, the amount of investment in Japanese properties, the number of foreign visitors to Japan, and the number of international students all seem to be increasing.

- Global Property Investment -

According to the "Investment Market Summary " published by Jones Lang LaSalle IP, Inc. (JLL), a major real estate services company, on May 28, 2024, global property investment in the first quarter of 2024 (January to March) was USD 135 billion, down 6% compared to the same period last year. However, in Asia, Japan , Singapore, and South Korea led the way with a 13% increase compared to the same period last year. Property investment in Japan increased by 45% compared to the same period last year, reaching JPY 1.7046 trillion (approximately USD 11.49 billion), recovering to levels close to those just before the COVID-19 pandemic.

In the ranking of investment amounts into cities around the world, Tokyo topped the list with property investments totaling USD 7.65 billion, surpassing New York and London.

*Source: "JLL Investment Market Summary Q1 2024"

- Signs of Recovery in Japan's Foreign Visitor Numbers -

According to the Japan National Tourism Organization (JNTO), the number of foreign visitors to Japan in April 2024 was 3,042,900. This marks the second consecutive month that the number has exceeded 3 million, bringing the cumulative total from January to April to 11,601,200.

By country, the largest number of visitors came from South Korea, with a cumulative total of 2,999,900 from January to April, followed by Taiwan with 1,938,600 and China with 1,861,600.

Along with the cherry blossom season, the weaker Japanese yen has boosted the number of tourists to Japan, leading to expectations of further demand from overseas in the future.

*Source: "the Japan National Tourism Organization (JNTO)"

- Trends Among International Students -

According to the 2023 Survey on the Enrollment Status of International Students conducted by the Japan Student Services Organization (JASSO), as of May 1, 2023, the number of international students was 279,274, an increase of 20.8% from the same period last year. Five countries - China, Nepal, Vietnam, South Korea, and Myanmar - account for 76% of the total.

*Source: Japan Student Services Organization (JASSO)

*Created by us based on the trends in the number of international students (as of May 1st of each year) from the 2023 survey on the Enrollment Status of International Students conducted by the Japan Student Services Organization (JASSO)

Japan is a leading manufacturing country where you can learn cutting-edge science and technology and develop your sensibilities through its four seasons and traditional culture. In addition, it has a good public safety environment and a well-established insurance system, making it a popular destination for studying abroad. The number of international students finding employment at Japanese companies is also tending to increase.

- Japan's Appeal: The Weak Yen and Tourism Captivate Global Interest -

In Japan, the weak yen, attractive tourism resources, and stable living environment make it an appealing country for overseas investors, tourists, and international students. Growth is particularly expected in the property investment, tourism, and education sectors, and interest in Japan is anticipated to continue rising. In the real estate sector, Tokyo is an especially popular location for investment, personal living, and second homes. These factors are expected to have a continued positive impact on Japan's economy and society.