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Market Impact: 0.3
Tokyo Used Condo Prices Drop for First Time in Over Two Years
Source: Bloomberg
Housing & Real EstateInterest Rates & YieldsConsumer Demand & Retail
Used condominium prices in Tokyo fell in August for the first time in more than two years, signaling that rising mortgage rates are beginning to weaken homebuyer sentiment. The decline points to emerging pressure on Japan's residential property market, though no magnitude of the price drop was provided.
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