A packet of envelopes
purchase loxitane Niseko has been here before. Previous investment plans were thwarted by the 2008 global financial crisis and then by the 2011 Fukushima nuclear accident 500 miles to the south. Property values fell 30% each time, according to Jonathan Martin, chairman of Niseko Alpine Developments. At least one high-profile project, Capella, was scrapped amid the financial crisis, according to the development's former broker, Craig Meikle, of Nisade Real Estate. The developer, Capella Hotel Group, "still owns the land but they are not developing it now," he said, adding that property buyers had deposits returned.