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.
This content is available to paid subscribers only.
Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.
To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.
Already a paid member? Log-in using your details below.