In the last two decades house prices have skyrocketed to as much as 16 times the median wage, compared to just four times the median wage in the 1980s. Record low interest rates, home loan holidays and working from home may have prevented the Australian property market from crashing during the COVID-19 pandemic. As the pandemic continues, the risk of a prolonged economic downturn could cause some buyers to rethink making a big purchase, especially given rising home prices. Sanjay Chandra’s parents are unwell and hospitalized, the court was told. Sanjay Chandra has been granted bail for one month but his brother Ajay Chandra’s request was rejected. Sanjay Chandra’s 79-year-old father is COVID-19 positive and is in the ICU.
Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market. Stay informed on Tokyo land prices, redevelopment projects, taxes on Japanese real estate, …