Looking to buy land to build on but a little unsure if you’re paying the right price? The best way to determine land prices is to take the time to look at various real estate listings and talk with your agent. With a little research, you will work out how much you can expect to pay in a certain neighborhood.
The Ministry of Land, Infrastructure, Transport and Tourism announced on August 1 that plans have been made to monitor land transactions made in tsunami-affected prefectures in Northern Japan. From now on, experts are predicting a sudden jump in prices for elevated land in the disaster-stricken areas, so the three affected Prefectures of Iwate, Miyagi and Fukushima will be monitoring and sharing the data of land transactions.
As the coastal areas that were devastated by the March tsunami move towards rebuilding, there is growing fear that the elevated tracts of land that escaped the tsunami will see steep price rises as real estate companies and developers seek to buy up the land.