Tuesday, September 03, 2013

Japanese customers access super low housing interest 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