Japanese land prices rise for a fifth year
7 Articles
7 Articles
Japanese land prices rise for a fifth year
Japanese land prices rose 1.5% in the year to July 1, marking a fifth straight year of gains and maintaining the strongest pace of growth since the aftermath of the country's asset-price bubble more than three decades ago, data showed on Tuesday.
Kagoshima Prefecture announced its standard land prices as of July 1st on the 15th. Commercial land prices in Kagoshima City rose by an average of 1.9% year-on-year, marking the fifth consecutive year of increases. The Tenmonkan district, with its many restaurants, rose by 3.7%, the third consecutive year of increases, indicating that the impact of the COVID-19 pandemic has largely been overcome. Commercial land prices in Nishinoomote City, wher…
Land prices, which serve as a benchmark for land transactions, were released on the 15th. While land prices in Ehime Prefecture declined for the 34th consecutive year, some areas are showing signs of rising prices or stabilizing, along with a gradual recovery in the economic situation. The released figures represent the standard land prices used in land transactions. In Ehime Prefecture, the average price as of July 1st this year was 47,600 yen …
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