estate investment: The prices are used to calculate inheritance and gift taxes, according to The Japan Times. Prices climbed in 19 of the 47 prefectures, including Tokyo, which will host the Summer Olympics next year, compared with 18 in the 2017 calender year, the data showed. Brisk demand for hotels and offices pushed prices up by 1.3 percent on average as of Jan. 1, against a year earlier, but the gap between urban and rural areas continued to widen. ; Land prices, mainly in urban areas, reflected a strong appetite for real estate investment and stable housing demand supported by improved employment. However, prices dropped in 27 prefectures and remained flat in Hyogo. By prefecture, Okinawa saw the steepest rise of 8.3 percent backed by robust demand for tourism centered on Naha, followed by Tokyo at 4.9 percent and Miyagi, where redevelopment projects have been implemented around Sendai Station, at 4.4 percent. The survey covered about 329,000 sites for calculation of inheritance and gift taxes for 2019.
(news.financializer.com). As
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