@housingjapan.bsky.socialA property purchased in Tokyo at ¥100 million when the yen was at ¥150 to the dollar costs roughly $667,000. At ¥110, the same property would cost $909,000. The currency effect alone represents a 36% difference in dollar terms.
@housingjapan.bsky.socialBOJ just raised rates to 1.25% - highest in 31 years. Mortgage costs are climbing, but Tokyo used condo prices just had their first monthly drop in 28 months. Is this the shift? #HousingJapan #JapanRealEstate #TokyoProperty #BOJ #TokyoCondos #MinatoKu