TOKYO, Mar 26 (News On Japan) –
As of January 1 this 12 months, land costs throughout Japan have elevated for the third consecutive 12 months, with the speed of enhance additionally increasing, indicating a transparent restoration from the coronavirus pandemic.
According to a land value survey launched by the Ministry of Land, Infrastructure, Transport and Tourism, the nationwide common rose by 2.3%.
Both residential and industrial land costs have risen for 3 consecutive years, with the speed of enhance additionally rising.
The restoration in individuals’s motion from the coronavirus pandemic has triggered a rise that began in city areas to unfold to surrounding areas.
Areas experiencing development embrace vacationer locations which have seen the return of holiday makers, industrial areas present process redevelopment, areas the place semiconductor producers are increasing their factories, and logistics hubs with excessive transport comfort.
The highest land value was in Ginza 4-chome, Tokyo, for the 18th consecutive 12 months, at 55.7 million yen per sq. meter.
Source: ANN