Ian and TerryThank you for your feedback.Is Australia not the same or similar? Ie., after 30 years, you would need to renovate or re-build. The building would be too old to hold much value.I am looking at Tokyo, inside Yamanote line as I hear the prices hold up the best in this area.David

Hi TerryThank you for your reply.The only problem with renting is that rent is dead money. If you compare annual rental costs, say JPY 2,200,000 over 10 years, to a small decline in value of the property, then the rental cost can be higher than property value decline.Eg., for a JPY 70M property, it would need to lose over 20% in value to equate to…[Read more]