JAPAN-A recovery in the debt market and record-low property prices have made the Japan realty market a highly attractive one inviting major foreign REITs, private equity groups and realtors. About $2 billion in realty transactions have taken place in the Japanese market since the end of 2009, with more expected.
Foreign buyers are also willing to acquire distressed assets backed by debts in Japan. Foreign investors have allocated nearly $6.6 billion for realty investments in Asia.For the full story, go to Reuters.
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