Land prices up in 79% of locations - MLIT Look Report
According to the latest data on land price movements published by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), 79.4% of the surveyed locations across Japan saw an increase in land prices in the first quarter of 2014.
119 of the 150 survey sites saw an increase in land prices, 27 sites (18%) saw no change in prices and just 4 sites (2.7%) saw a decline of between 0~3% in land prices. This is the first time in three years, however, that the number of survey locations to see an increase in land prices has declined.Read more