residential

"Solid rent growth was observed in Q1/2020. Even so, COVID-19 is set to test the resilience of the residential market over the coming quarters. Subject to the extent of the resulting economic slowdown, the sector should, however, demonstrate its defensive nature, as observed after the global financial crisis."

"Demand for Tokyo’s ultra-luxury condos, both from domestic and international investors, is steadily growing, reinforced by socioeconomic shifts as well as the relative affordability of the city’s residential properties. Continuing development and growing inbound tourism are improving prospects for this sector."

"Growth in the C5W returns. Rental growth bounces back in the C5W, while the 23W remain unchanged over the quarter. Nonetheless, solid annual growth persists, with both submarkets rising by around 6% YoY."

"The second home market has changed significantly over the past decade. Income returns are at the forefront of owner’s minds, and most buyers now purchase with the intent to rent their properties from the outset."

"Although the pace of rental growth has slowed, the residential market in Tokyo remains resilient, as evidenced by occupancy rates in the 23W reaching record highs. Nonetheless, global economic uncertainty continues to present risks to the market."

"Values in the prime London’s outer commuter zone have risen for the first time in more than two years, despite ongoing price sensitivity."