Regional residential land prices increase for first time since 1992
Something that is on every local investor and real estate agent’s calendar is the announcement of the koji-chika assessed land prices by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT). This year’s results came as no surprise to those in the industry, with average land prices increasing for the fourth year in a row. A 1.2% increase nationwide was reported in 2019, a 0.5 point increase from 2018.