Japan · Nation Thailand
Japan's land prices record fifth consecutive annual increase
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◌ Single Source
Japan’s land market advanced nationwide for a fifth year, although figures released by the Ministry of Land, Infrastructure, Transport and Tourism on Tuesday (September 15) showed differing momentum across the country’s major cities.
Key facts
- The nationwide average across all land uses, measured on July 1, was 1.5% higher than a year earlier.
- Residential land gained 1.0%, while commercial land increased 2.9%, against the backdrop of a mild recovery in the Japanese economy.
- Government targets 2031 Phuket expressway Phase 1 opening to cut trips to five minutes
- Commercial values rose in 34 of Japan’s 47 prefectures, four more than a year earlier.
Summary
The nationwide average across all land uses, measured on July 1, was 1.5% higher than a year earlier.
Residential land gained 1.0%, while commercial land increased 2.9%, against the backdrop of a mild recovery in the Japanese economy.