🌸Japanese Customer : Japanese customers drawing on low housing mortgage rates to enter housing market before sales tax increase

Pages

September 03, 2013

Japanese customers drawing on low housing mortgage rates to enter housing market before sales tax increase


Picture: Room in a Japanese house


"Naomasa Murata...getting a 94 per cent mortgage to buy a 31 million yen ($350,000) place...Ota..not far from Tokyo's Haneda airport was "easy", he says, adding that a floating interest rate of 0.875 per cent will not cause any cutbacks anywhere"


Source: Abenomics spurs buyers onto housing ladder
By Ben McLannahan and Nobuko Juji
Financial Times
Reprinted in Australian Financial Review
Tuesday 3rd September 2013, page 21