Japanese commercial real estate market declines in 2008
01/19/09 23:18
Not unexpectedly, the Japanese commercial real estate market has posted a net decline in number of deals during the previous year. This marks then end of six consecutive years of gain that the market had.
In fact, the number of transactions from October to December is lower by 80% compared to the same period during the previous year and 50% lower for the entire year, falling from $5.6 billion worth of sales to just around $2.8 billion.
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