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Residential land costs in Japan rise for the primary time in 31 years

TOKYO, Sep 21 (NHK) –
Japan’s land ministry says the common worth of residential land within the nation has risen for the primary time in 31 years.

The ministry on Tuesday launched outcomes of an annual survey performed by prefectures on land costs at over 21,400 places as of July 1.

It confirmed that the common total land worth rose 0.3 p.c from final yr. It was the primary year-on-year enhance in three years.

As for the common worth of residential land, it grew 0.1 p.c from a yr in the past, marking the primary rise since 1991. Low rates of interest for loans have apparently helped to push up land costs.

Residential land costs in Tokyo and Nagoya rose for the second yr in a row. They went up in Osaka for the primary time in three years.

Ministry officers say demand for homes stays stable in city areas and can be rising in suburban areas because of the unfold of remote-working.

Meanwhile, the common worth of business land climbed 0.5 p.c — the primary rise in three years.

The ministry officers say land costs are rising particularly in vacationer locations and procuring districts as tourism seems to be recovering after a decline because of the coronavirus pandemic.

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Sep 21 (日テレNEWS) – 全国の土地価格の指標となる基準地価がきょう発表され、住宅地の全国平均が、バブル崩壊が影響する前の1991年以来、31年ぶりに上昇しました。  …proceed studying


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