DESPITE the strength of the yen, Niseko’s property market is still strong.
“Following a very active summer sales period, the strong yen appears to be having little impact on sales. Investor confidence has risen and the growth potential of many properties offsets the current exchange rate,” says Michael Davenport of Niseko Consulting.
Agencies in town are eager to see what this winter will bring. It’s a buyer’s market at the moment so there are good deals all round. Couple this with booming Asia-Pacific economies (Australia, China and Singapore) and this suggests that Niseko’s comparatively low price points are likely to remain attractive to foreign investors. Growth, opportunity and choice are perhaps other factors contributing to positive real-estate sales.