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Olympic Success: What will the Games mean for a land close to my heart, Japan?

September 8, 2013Article by Ray Withers

I was thrilled to hear yesterday that Tokyo has won the race to host the 2020 Olympic and Paralympic Games, making it the first Asian city to ever host the Games for a second time. Though I commiserate with Madrid and Istanbul for losing the competition, being half Japanese I had to celebrate Tokyo’s victory, particularly in light of the economic and social boost that the Games will bring to the capital city.

London’s Olympic Legacy 

London’s 2012 Olympic legacy was captured recently in the Visit Britain review of the impact of the Games on perceptions of Britain overseas. Press across the world praised Britain for its hosting of the Olympics and for the vibrancy and diversity that our country displayed.

The economic benefits of the 2012 Games to London have been even more far reaching. After just one of the four year programme designed to capitalise on the success of the Olympics, the British government announced an impressive and much welcomed trade and investment boost of GBP 9.9 billion.

Planning for 2020

Once the celebrations in Tokyo have finished, the city will be braced for the hard work to begin. Japan faces years of planning, construction and preparation, with thousands of jobs being generated in the run up to 2020. Ten new sports venues are to be built, including some striking developments such as the $1.5 billion Kasumigaoka Stadium and the transformation of Tokyo Bay.

Investment Hotspot

There is no doubt that Japan will be an investment hotspot during the coming years. The property market in Tokyo and the surrounding areas is naturally tipped to boom, which will be welcome news following a slump that has lasted for nearly a quarter of a century. Property prices in some areas are down some 80-85% compared with 24 years ago, which is going to create some incredible investment opportunities between now and 2020.

The Sourcing team and I will naturally be keeping a close eye on the situation, looking for solid, long-term investment opportunities to offer our clients.

However if you can’t wait for us to cherry-pick the best of Japan’s opportunities, why not get in touch now to find out more about our current projects – email info@propertyfrontiers.com or call +44 1865 202 700.

Author

Ray Withers

Ray has over 17 years’ experience in the international property market and bought his own first international property investment back in 2002. Aside from running Property Frontiers, Ray has been involved in residential, hotel, student and commercial property investment and development in both the UK and overseas and co-wrote "Where to Buy Property Abroad - An Investor's Guide". As Founder and Trustee of the Frontiers Foundation, Ray is directly involved with many of its projects to ensure they have a direct and tangible impact in individual communities across the globe. He is passionate about property, travelling, scouting out new opportunities and finding time to spend with his young family.
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