Japanese billionaire Akiro Mori -- like American billionaire and business wizard Warren Buffet -- is seizing on the current opportunities in the real estate market and now aggressively investing again.
Mori plans $1.2 billion real estate investments, his company’s first investment of this scale since 2008, as local real estate values recover.
Per Bloomberg.com, Mori is taking advantage of the yen’s strength to explore overseas opportunities for the first time as part of the company’s most significant investment since the 76-year-old declared the end of Japan’s real estate boom in 2008.
“This is the perfect timing to invest,” said Mori. "With interest rates being very low, that makes it easy to buy. Property in a desirable location is good because it tends to be the last to drop in value when the market is bad. Cheap properties tend to be the first to decline and last to recover.”
If you want to invest wisely, follow what the most successful business minds are doing.