Changes in Purchasing Sentiment Driven by Real Estate Market Conditions, Interest Rates and Housing Incentive Tax Policies
First written in FY2017. 10 of 17 entries say "Restated". Latest entry: FY2026.
Anabuki Kosan moved to the "Worse" side of this theme in 2026, 6 years after the typical company in this theme (2020).
The whole theme swung hardest in 2020: 36 of 51 companies on the "Worse" side.
20 other companies' latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「The environment surrounding the market for newly built condominium developments remained challenging and continued to require caution due to persistently high real estate prices, expectations of higher mortgage rates, rising land prices, and rising construction costs resulting from soaring building material prices and labour costs.」
Persistently high real estate prices, expectations of higher mortgage rates, and rising land prices and construction costs continued to be identified more specifically as factors requiring caution in the purchasing environment and market. - FY2026-H1WorsenedAnnual report
「Persistently high real estate prices have become increasingly pronounced, and expectations of higher mortgage rates have begun to affect purchasing decisions」
The disclosure changed from the previous expectation of higher mortgage rates to state that expectations of rising interest rates had begun to affect purchasing decisions in practice. - FY2025-H1RestatedAnnual report
「Demand for real estate remained firm, supported by the continuation of various government support programmes and the low-interest-rate environment. Meanwhile, challenging conditions requiring caution continue, including persistently high real estate prices and interest rate trends.」
Firm demand supported by support programmes and the low-interest-rate environment was noted alongside caution over persistently high real estate prices and interest rate trends, indicating that the previous view continued. - FY2024-Q3WorsenedAnnual report
「Although various government support programs continue to be implemented, concerns persist about the impact on mortgage rates of the Bank of Japan's termination of negative interest rates, as well as the further impact on real estate prices of persistently high construction costs and labor shortages.」
While demand remained resilient due to government support programmes, the impact of the Bank of Japan's lifting of its negative interest rate policy on mortgage rates was identified as a new concern for the purchasing environment. - FY2024-Q2RestatedAnnual report
「In the real estate industry, market conditions remained firm, supported by continued government support programs and the low-interest-rate environment. In addition, against the backdrop of continued monetary easing and yen depreciation, domestic and overseas investors remained highly willing to invest, and demand for real estate remained resilient. However, conditions continue to give rise to concerns about the prospective rise in mortgage rates, persistently high construction costs and the further impact of labor shortages on real estate prices.」
While firm market conditions and investor demand supported by government support programmes and the low-interest-rate environment were indicated, concerns over the purchasing environment due to expectations of higher mortgage rates and other factors continued. - FY2024-Q1RestatedAnnual report
「In the real estate industry, market conditions remained firm, supported by various government support programmes and the low-interest-rate environment. Demand for real estate among domestic and overseas investors also remained resilient against the backdrop of continued monetary easing and yen depreciation. However, concerns continue over the potential for a further impact on real estate prices from expectations of higher mortgage rates and soaring construction costs.」
While firm market conditions and investor demand supported by government support programmes and the low-interest-rate environment were indicated, concerns over expectations of higher mortgage rates and soaring construction costs continued. - FY2023-Q3RestatedAnnual report
「We recognise that conditions requiring continued caution include the impact on mortgage rates of the higher upper limit for long-term interest rates set by the Bank of Japan, as well as further increases in construction costs due to soaring building material prices and labour costs.」
The impact on mortgage rates of the higher upper limit for long-term interest rates was described, together with the view that housing demand remains resilient, as an ongoing condition requiring caution. - FY2023-Q2WorsenedAnnual report
「In the real estate industry, market conditions have remained firm, particularly in the housing sector, supported by ongoing government support programmes, the low-interest-rate environment and resilient consumer demand for housing driven by the shift to new lifestyles during the COVID-19 pandemic. However, the Bank of Japan decided in December 2022 to raise the upper limit for long-term interest rates, causing some mortgage rates to rise, and continued attention must be paid to future monetary policy.」
While housing demand remains resilient, some mortgage rates have risen following the Bank of Japan's decision to raise the upper limit for long-term interest rates, and the disclosure changed to state that monetary policy requires close monitoring. - FY2022-Q3RestatedAnnual report
「Against the backdrop of various government support programmes and the low-interest-rate environment, the impact of the COVID-19 pandemic has been relatively limited, and the business has remained firm, supported by consumers' persistent purchasing appetite.」
The view that real estate demand remains firm against the backdrop of various government support programmes, the low-interest-rate environment and consumer purchasing appetite continued. - FY2021-Q3RestatedAnnual report
「The real estate industry continues to face conditions requiring caution, including concerns over a resurgence of infections and high real estate prices. However, against the backdrop of various government support programmes and the low-interest-rate environment, the impact of the COVID-19 pandemic has been relatively limited, and the industry has remained firm, supported by consumers' persistent purchasing appetite.」
While concerns remain over a resurgence of infections and soaring real estate prices, real estate demand was described as firm against the backdrop of government support programmes, the low-interest-rate environment and consumer purchasing appetite. - FY2021-Q2RestatedAnnual report
「Consumer purchasing appetite remains firm, supported by government housing acquisition support programmes and the low-interest-rate environment.」
The view that consumer purchasing appetite remains firm due to housing acquisition support programmes and the low-interest-rate environment continued. - FY2020-Q2MitigatedAnnual report
「Although the consumption tax rate was raised to 10% in October 2019, the impact on consumers' willingness to purchase was limited due to government housing acquisition support programs and the low-interest-rate environment, avoiding a significant decline in demand.」
The Company stated that a substantial decline in demand had been avoided despite changes in purchasing sentiment relating to the consumption tax rate increase, housing acquisition support programmes and the low-interest-rate environment. - FY2019RestatedAnnual report
「If changes occur in consumer purchasing sentiment due to real estate market conditions, amendments to housing tax incentives such as mortgage tax deductions and housing gifts, or trends in mortgage rates offered by public and private financial institutions, they may affect the performance of our Group.」
The possibility that real estate market conditions, housing tax incentives and mortgage rates could affect purchasing sentiment and business performance was reaffirmed. - FY2018RestatedAnnual report
「If changes occur in consumer purchasing sentiment due to real estate market conditions, amendments to housing tax incentives such as mortgage tax deductions and housing gifts, or trends in mortgage rates offered by public and private financial institutions, they may affect the performance of our Group.」
The risk of changes in purchasing sentiment due to real estate market conditions, housing tax incentives and mortgage rates was reaffirmed. - FY2017First statedAnnual report
「If changes occur in consumer purchasing sentiment due to real estate market conditions, amendments to housing tax incentives such as mortgage tax deductions and housing gifts, or trends in mortgage rates offered by public and private financial institutions, they may affect the performance of our Group.」
It was indicated that fluctuations in real estate market conditions, housing tax policies and mortgage rates could affect consumer purchasing sentiment and business performance.