Land prices continue to climb in Japan’s major cities with 84% of survey sites recording an increase in land prices in the first quarter of 2015. 16% of the locations saw no change in land prices, and none of the locations saw a decrease in prices. Two retail locations saw prices rise by 3 ~ 6%: Ginza in Tokyo and an area near Nagoya Station.
Monetary easing and a bullish condominium market is behind the rise in prices in Tokyo, with 90.7% of locations seeing positive growth.
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