Though the Japanese property market has not drawn a lot of foreign interest, that is starting to change, according to Times Online report. This is thanks in large part to the recovery of the Japanese economy, along with low interest rates and rising property prices; however just as important is the easing of various barriers to entry for foreign investors. Financing and the willingness of banks to lend to foreigners, along with the necessity of permanent residence and a long term visa, are some of the difficulties that have either been eased or done away with entirely, according to the report.

While 30-plus story apartment buildings have been common in the West for decades, development regulations and land-use practices have ironically kept them out of land-starved Japan for most of that time. Those regulations have been relaxed in recent years, however, and with some lucrative property acquisitions Japanese developers have built tower mansions at a dizzying pace.

In contrast to the tiny apartments typical of Japan, tower mansions typically feature more spacious, comfortable rooms, luxurious facilities and attractive views. While first priced strictly for the upper class, the market has expanded to accommodate middle-class buyers in more recent units.

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