Investor sentiment: General market optimism or pessimism regarding Japanese real estate can drive demand and, subsequently, the price of JREM.XETRA.

Underlying REIT performance: The performance of the Japanese REITs that comprise the ETF's holdings directly impacts its value. Strong REIT performance lifts the ETF price.

Interest rate changes: Changes in Japanese interest rates affect borrowing costs for REITs and potentially influence property values, affecting JREM.XETRA.

Currency fluctuations: The Yen/Euro exchange rate can affect returns for Euro-based investors as JREM.XETRA is denominated in Euros. A stronger Yen benefits investors.

Economic data: Japanese economic indicators like GDP growth, inflation, and unemployment can signal the health of the real estate market influencing prices.

Supply and demand: The balance between buyers and sellers of JREM.XETRA directly affects its market price. Higher demand pushes the price up.

Expense ratio: The ETF's expense ratio, although small, slightly reduces investor returns, relative to the underlying asset performance.