Comparative Analysis of the Real Estate Markets in China and Japan - Including an Examination of Influencing Factors

China's and Japan's economic development has undergone decades-long periods of rapid growth at different times, with the real estate industry consistently representing a significant portion of GDP. After Japan experienced a real estate bubble in the 1990s and then the bubble burst, the economy has been recovering slowly or even stagnant. China is currently experiencing a real estate economic bubble. This article will use comparative analysis to compare the real estate markets of China and Japan from the perspectives of politics, economy, society, and culture, and deeply analyze the impact of these factors on the real estate economy. After in-depth research, it finds that the different policies and economic environments, and the cultural values of residents will have a certain impact on the fluctuations of the real estate market. To prevent the problem of the bursting of China's real estate economic bubble, China should continue to reduce the debt ratio of real estate companies, draw lessons from Japan's experience, strengthen regulatory power, solve regional differences, tailor policies and systems to national conditions, and mitigate the risks that the real estate market will face.