In the last half of 2009, the strong Yen was quoted as an empediment to the recovery of the Japanese real estate sector.
http://www.asiamoney.com/Article/2316849/Channel/18814/Japans-real-estate-recovery-hampered-by-rising-yen.html
With more recent Yen weakness; will the contrary be true? and like with recovery in Japanese stocks; Yen weakness have a positive impact on Japanese real estate? While I would say the case for the positive answer is a good one; it appears the bigger issue holding back a recovery in real estate (ex residential) remains more closely related to the availability of debt; despite Government attempts to improve credit conditions, the resolution of outstanding issues with maturing bond and bank facilities on real estate assets appears to be the major impediment to liquidity.
No comments:
Post a Comment