In addition, JLL's international residential property services team in Asia Pacific has sold close to 500 Japanese properties since 2012. "There are several factors that make the Tokyo residential market favourable to foreign investors. In terms currencies, it is now almost 1.5 times cheaper to buy a Tokyo property compared to 2012. On average, overseas investors can expect gross direct returns in a range between 3.5% and 4.5% before taxes, maintenance fees and other costs in the Tokyo residential market. "All of these positive factors underline Japan's strong appeal as a destination of choice for overseas residential investors and as an overseas property market that Thai investors should not overlook," Mr Prins concluded.

Source: Bangkok Post May 10, 2017 04:30 UTC