The housing boom is losing steam: prices are slowing their rise and buyers are cooling off because they "can't afford more"

The housing market is experiencing a deceleration in price growth, signaling a potential shift as the sector approaches a market peak following years of significant increases. Data from the second quarter indicates that while property prices continue to rise, the pace of this appreciation has slowed, largely driven by buyers reaching their financial limits and becoming increasingly unable to sustain higher costs.

Separately, the Japanese government has revised its second-quarter GDP growth figures upward to 0.4% year-on-year. This adjustment, covering the period between April and June, reflects updated economic performance data for the nation, with private consumption remaining a key component of the analysis.