Japanese warming to home auctions amid pain of negative rates
Public auctions of houses were rare in Japan until now because of fear that a Yakuza organisation was squatting in the property or that a crime had happened there
Thu, Jun 09, 2016 - 5:50 AM
Six homes in tokyo and surrounding areas were sold last month at an auction, the first organised by the real estate auction circulation association, with all of the homes selling for less than us$47,000.
A TABOO in Japan against bidding for homes in auctions for fear they may be tainted by crime has been set aside as negative interest rates spur property demand.
Six homes in Tokyo and surrounding areas were sold last month at an auction, the first such event organised by the...