I often have people come up to me at our bar who want to chat about buying real estate in Hakuba. Having been involved in numerous sales and purchases over the last few years, I am happy to discuss with people the opportunities that I see that are available in the valley. There has been a lot of construction going on in Hakuba over the last 3 years – mainly holiday homes, with over 50 new houses going up each year for the last 3 years. 80% of these are owned by Japanese living in Tokyo. Unlike another ski area of Japan that has gone through a property boom and subsequently a bust cycle, Hakuba will have a much more constant growth pattern which will see steady increases in the value of a property investment. The easy access to 25 million people in Tokyo will assure that.