Record Lending: Price and Satoshi Horino

record lending: Booming construction of hotels, office buildings, shopping centers and apartments, financed by record lending for real estate by banks, has driven the gains, according to The Japan Times. Now some property investors surveying the market are anticipating price corrections. In Osaka, they are up by nearly half. Satoshi Horino, president of Mori Trust Asset Management, said he is hearing stories about appraisers calculating returns based not just on purchase price and income, but by adding further price gains, a bold assumption in a country afflicted for years by price declines. It shows land prices have come to a pretty good level, Horino said. He sees this as a contrarian indicator, another sign a reversal is coming. (news.financializer.com). As reported in the news.