Rosenka land values down 1.8% nationwide
The National Tax Agency announced the 2013 Rosenka land valuations on July 1. Although the average land value nationwide fell for the 5th year in a row, the rate of decline is slowing. Rosenka land values were down 1.8% across Japan in 2013, after falling 2.8% in 2012 and 3.1% in 2011.
In Tokyo, the rosenka land value dropped by 0.3%, compared to a 1.2% decline in 2012.Read more