Property Transactions in Japan Jump 50% on Abenomics, JLL Says
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Property transactions in Japan jumped 50 percent in the first half of 2013, heading for the most in five years, amid efforts by Prime Minister Shinzo Abe to boost the economy, according to Jones Lang LaSalle Inc.
Sales of offices, warehouses and retail space rose to $20.9 billion in the first six months from the same period a year earlier, according to an e-mailed statement from the broker. That compares with a 20 percent drop in sales in China, a 10 percent increase in Australia and 43 percent gain in Germany, it said.