HomeTag economy

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In the run up to the Olympics, many (particularly those that do not yet themselves own real estate in Japan) will tell you that the Tokyo real estate market is “overpriced”. When making an assumption about any price being “high” or “low” you must provide a benchmark or comparison upon which to base your statement. Something can only be “overpriced” if you first understand its fair value. Without an understanding of fair or ‘intrinsic’ value...