2022 Real Estate Market Forecast Ms. Fumiko Watanabe,
Financial Research Department, NLI Research Institute.

Although the outlook is uncertain due to the spread of COVID-19 infection and the intensification of battles in Ukraine,
we asked Ms. Watanabe of NLI Research Institute, Inc. about the outlook for the real estate market in the future.
Please see here for the detail.(Japanese)

(Centre Ms. Watanabe, Financial Research Department, NLI Research Institute. Right side Mr. Shimizu, Left side Mr. Yamauchi)

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era-koho@erajapan.co.jp