Land values across Japan are rising at an increasing pace after suffering some declines during the pandemic. The rising prices are due to improving economic conditions, strong demand for apartments, and signs of a recovery in retail demand.  According to the latest quarterly LOOK report published by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), 97.5% of the surveyed locations saw positive growth in the 3rd quarter of 2023 - the highest share seen on record. No locations saw a drop in prices.

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