Investor demand tapers off as expectations for future price gains fade More sellers are cutting their asking prices for existing condos as rising mortgage rates weigh on buyers' purchasing power.
Investor demand tapers off as expectations for future price gains fade More sellers are cutting their asking prices for existing condos as rising mortgage rates weigh on buyers' purchasing power. (Photo by Kazuho Fujiwara) TOKYO -- The average asking price for existing condominiums in six central Tokyo wards fell 1.6% in September from the previous month, real estate research firm Tokyo Kantei said on Thursday.