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Spark, will try to explain it better. There is the local price that Japanese buyers will pay and the price foreign buyers will pay. Foreigners buyers know they will get a better return than their Japanese counter parts and often pay up to twice the normal Japanese price to get the right...

Although it is easy to say they may be paying more than the value a property is worth but whose value is that? A Japanese business man with a spare 1million has a choice of putting the money into a bank and getting around .025% return or buying a 500K property for 700K and getting a 5% or...