Property for sale in Tokyo

Tokyo is the best Asian city to buy real estate as it is regarded as less risky than other locations around the world, according to a new report.

The Japanese capital city has overtaken Shanghai in the survey by the Urban Land Institute and PricewaterhouseCoopers.

Views on the Tokyo real estate :

It is regarded as having the best prospects for 2009 and the lowest risk of the 20 locations covered in the survey of global investors, property for sale developers and brokers.

Singapore is in second place and Hong Kong is third, according to the ULI, a Washington-based research firm, and New York-based accounting firm PricewaterhouseCoopers.

Property for sale values are tumbling around the globe but in Asia the markets with the strongest economies and highest levels of liquidity will be most attractive to investors in the coming 12 months.

Investors in property for sale in Tokyo will still be interested in price but they are also expected to put quality as an equally important pointer for decision making.

Tokyo is a weaker market than last year, but clearly stronger than other global financial centres.