VAK Russia 5.2.5 UDC 332.6 UDC 338.2

THE JAPANESE REAL ESTATE MARKET: TRENDS, KEY CHALLENGES AND SOLUTIONS

Published in MOSCOW ECONOMIC JOURNAL · Volume 11, Issue 11 · Pages 210–236 · Rubric: World economy
DOI: https://doi.org/10.55186/2413046X_2026_11_11_161 · EDN: OBDACP
Received: 08.10.2026 Accepted: 10.11.2026 Published: 10.11.2026
In recent decades Japan's economy has experienced prolonged stagnation that only worsened in the 2010s and impacted the real estate market, contributing to lowering affordability of housing, a problem currently faced by many developed nations. Research Objective. The study analyzes the development and current state of the Japanese real estate markets, the major challenges it faces and draws out possible solutions and prospects. Data and Methods. The study uses an array of literature and scientific studies as well as statistical data to analyze the development and current state of the Japanese real estate market, the issues and challenges it faces and the government programs and policies. Results. While the Japanese real estate market generally remains less affected by recent crises and manages to maintain high construction quality as well as low mortgage rates, it is still faced with such issues as lowering housing affordability, increasing reliance on tourism and growing number of abandoned homes in rural areas. The government introduces a variety of policies and programs aimed at attracting both foreign nationals and urban population towards revitalizing rural areas, as well as adjusting its monetary policy. Conclusions. The study provides an insight into the state of the modern Japanese real estate market, as well as covering the most prominent trends and issues it faces. While multiple programs and policy measures are being introduced by government it’s also important to take into account the overall state of the economy and also focus on solving larger demographic issues.
Japanese real estate market, real estate, government support, Japanese economy, foreign investment, regional policy
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