subject: Powerful Japanese Yen influencing Hawaii Real Estate [print this page] Japanese investors and aspiring second home owners are privy to the benefits the Yen has presented them with. In simple terms, Japanese home shoppers have massive buying power with the favorable exchange rate. This enables Japanese buyers to purchase homes and condominiums at a substantially discounted rate. In June of 2007, a home listed at $1,050,000 would cost 130,200,000. Compared to the current exchange rate in October, that same home would cost only 86,100,000, reflecting the 34% exchange rate difference.
Along with the substantial initial discount granted through the currency exchange rate, the vast majority of analysts believe this favorable rate for the Yen will not continue. As such, Japanese investors and second home owners purchasing Hawaii Real Estate under the favorable Yen market will soon benefit from the dollars recovery. When the dollar recovers and the real estate market rebounds, homes purchased during this historic conversion rate will soon become more valuable. The net result will be a discounted purchase price followed by an inflated resale price.
Buy Low, Sell High has always been the motto that investors live by. The current Yen / Dollar conversion rate certainly enables Japanese investors and second home owners to easily exploit this law of investment. Analysts are confident in the fact that the Yen cannot continue to be this powerful without government intervention. When it comes down to the best time for Japanese to invest in Hawaii, there literally has never been a better time than now.
Powerful Japanese Yen influencing Hawaii Real Estate
