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Luxury comes cheaper

Series: Financial Times ; 5 November 1999, 12(1)Publication details: 1999Subject(s): Summary: Reviews the Japanese property market which is still in recession. Land prices have been declining for eight years and are still going down now that the shake up of the banking system is forcing companies to dispose of underperforming assets in an attempt to clean up their balance sheets.

Reviews the Japanese property market which is still in recession. Land prices have been declining for eight years and are still going down now that the shake up of the banking system is forcing companies to dispose of underperforming assets in an attempt to clean up their balance sheets.