Tokyo’s property market is poised to rebound as easier credit and low prices entice overseas investors back to the Japanese capital, said Kazuo Tanabe, president of Chuo Mitsui Trust Holdings.

Commercial property prices in the Tokyo metropolitan area are still at the same level they were 35 years ago, after climbing fourfold during the 1980s before the real estate bubble burst, according to Japan’s Ministry of Land.

'Foreign buyers are showing a lot of interest in acquiring Japanese property,' said Tanabe, who has led Japan’s sixth- largest listed bank by assets for three years. 'We are seeing more deals as prices bottom out, and investors think that it’s time to buy.'