The financialization of rental housing in Tokyo

نویسندگان

چکیده

Over the past two decades, private rental sector has grown significantly in Japan. Once an overlooked of market, it been seized by financial industry to point becoming second largest REIT residential market world. This paper explores development REITs Japan, a context demographic decline and urban shrinkage. It highlights strategies major Japanese real estate groups diversify their activities strengthen control over popular downtown Tokyo neighbourhoods, building on government initiatives revitalize land markets stabilize banking system through investment instruments. As shows, need secure investors' expectations attractive returns led asset managers target vast majority leasing activity Japan’s young, “promising” corporate employees. By pointing mediation large corporations landlord-tenant relationship, brings these neglected actors into framework financialized housing, puts analysis broader employment.

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ژورنال

عنوان ژورنال: Land Use Policy

سال: 2022

ISSN: ['0264-8377', '1873-5754']

DOI: https://doi.org/10.1016/j.landusepol.2020.104463