Answer your friend who claims that a) (1) housing boom in Japan is unbelievable due to its declining population (Table 3). b) (2) The condominium prices are determined by the building costs by the construcetion companies rather than financial condition of buyers. The condominium prices (3) are similar to those in other property types (Table 1) and (4) do not change largely regionally across Japan (Table 2). c) (5) population changes do have similar effects on house prices in large cities and rural areas in Jарan. 2015 2018 Table 2: Table 1: Jарan: Residential 2012 2012 2016 Table 3: Changes in of 1997 2005 2013 Condo. Prices Rate Property Price Index (2010=100) Net Migration (2010=100) Residential 100 100 101 Osaka 130 174 Fukuoka 0.6 0.3 Land with suburbs Residential 100 104 110 Hokkaido 115 154 Tokyo Area 0.8 0.7 0.6 Property Condominiums 104 120 140 Jарan Average 100 124 Osaka 0.6 0.2 -0.2 Area Nagoya 0.5 0.4 Area Rest of -0.3 -0.5

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Answer your friend who claims that
a) (1) housing boom in Japan is unbelievable due to its declining population (Table 3).
b) (2) The condominium prices are determined by the building costs by the construction
companies rather than financial condition of buyers.
The condominium prices
(3) are similar to those in other property types (Table 1) and
(4) do not change largely regionally across Japan (Table 2).
c) (5) population changes do have similar effects on house prices in large cities and rural areas in
Jарan.
2012 2015 2018 | Table 2:
Table 1:
Jарan:
Residential
2012 2016 Table 3:
Changes in
of
1997 2005
2013
Condo.
Prices
Rate
Property Price
(2010=100)
Net
Index
Migration
(2010=100)
Residential
100
100
101
Osaka
130
174
Fukuoka
0.6
0.3
Land
with
suburbs
Residential
Property
100
104
110
Hokkaido
115
154
Tokyo
Area
0.8
0.7
0.6
Condominiums
104
120
140
Osaka
Jарan
Average
100
124
0.6
0.2
-0.2
Area
Nagoya
0.5
0.4
Area
Rest of
-0.3
-0.5
Japan
Transcribed Image Text:Answer your friend who claims that a) (1) housing boom in Japan is unbelievable due to its declining population (Table 3). b) (2) The condominium prices are determined by the building costs by the construction companies rather than financial condition of buyers. The condominium prices (3) are similar to those in other property types (Table 1) and (4) do not change largely regionally across Japan (Table 2). c) (5) population changes do have similar effects on house prices in large cities and rural areas in Jарan. 2012 2015 2018 | Table 2: Table 1: Jарan: Residential 2012 2016 Table 3: Changes in of 1997 2005 2013 Condo. Prices Rate Property Price (2010=100) Net Index Migration (2010=100) Residential 100 100 101 Osaka 130 174 Fukuoka 0.6 0.3 Land with suburbs Residential Property 100 104 110 Hokkaido 115 154 Tokyo Area 0.8 0.7 0.6 Condominiums 104 120 140 Osaka Jарan Average 100 124 0.6 0.2 -0.2 Area Nagoya 0.5 0.4 Area Rest of -0.3 -0.5 Japan
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