HomeLatestWhy Onna Village Leads Japan's Growth in Land Prices

Why Onna Village Leads Japan’s Growth in Land Prices

OKINAWA, Sep 18 (News On Japan) –
The village of Onna in Okinawa has recorded the very best land worth enhance in Japan, with costs for some areas rising by 29%. The common nationwide land worth has elevated by 1.4% for the third consecutive yr, however the sharpest development is seen in residential areas like Onna Village.

Situated alongside the central coast of Okinawa Island, Onna is legendary for its clear blue waters, excellent for snorkeling and diving, and delightful coral reefs.

A key issue behind this surge is the rising variety of folks relocating to the village. One such household, the Michi household, moved from Osaka final yr. The husband, who beforehand labored in development, now runs a print store in Okinawa. Their transfer was prompted by a suggestion from the spouse after frequent journeys to the island. “We used to visit Okinawa twice a month for vacations. One day we wondered, why not just live here?” defined the spouse.

With the inflow of recent residents, Onna Village’s inhabitants has now exceeded 11,000. Many newcomers are additionally from Osaka, and so they deliver a way of neighborhood to the rising village. However, residing in Okinawa comes with its personal challenges. The value of greens might be thrice increased than on the mainland, and importing items from exterior Okinawa additional will increase bills. Despite these challenges, the household finds that their total life-style is extra economical, and so they take pleasure in an easier lifestyle with easy accessibility to the seashore.

The booming demand for property has additionally attracted the development of resort inns alongside the coast, catering to the rising vacationer demand. In Onna Village, rents can attain 200,000 yen, and the variety of international residents has additionally been steadily rising. The village’s pure magnificence and the growing stream of each home and worldwide vacationers counsel that its recognition will solely proceed to develop.

Source: ANN

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