Osaka Nagoya: Land Prices

osaka nagoya: The rise was aided by redevelopment projects and investment in such cities as Sapporo, Sendai, Hiroshima and Fukuoka. ; However, land prices in depopulated areas continued to fall, underlining the polarization of regional land prices in Japan, according to the survey, according to The Japan Times. As of Jan. 1, the average regional land price was unchanged from a year earlier, according to the nationwide survey by the Land, Infrastructure, Transport and Tourism Ministry covering some 26,000 locations. In regions outside the three major metropolitan areas of Tokyo, Osaka and Nagoya, the average price for land across all categories, including commercial, residential and industrial, grew 0.4 percent from a year earlier as of Jan. 1, the annual government survey showed. Regional residential land prices edged up 0.2 percent from a year earlier, marking the first rise in 27 years, while commercial land prices went up 1.0 percent for the second straight year of increase. Among the major regional cities, Fukuoka observed the largest increase in commercial land prices at 12.3 percent, followed by Sendai at 10.7 percent, Sapporo at 8.8 percent and Hiroshima at 5.8 percent. But prices dropped at 48 percent of regionalsurvey spots and remained flat in 19 percent of them as growth was mostly limited to tourist sites and areas with improved access due to redevelopment. (news.financializer.com). As reported in the news.