2023: Japan's land prices rise 2.3% for the third consecutive annual increase, driven by economic recovery and return of foreign visitors.
Japan's land prices rose 2.3% in 2023, marking the third consecutive annual increase and returning to pre-pandemic levels, according to the Ministry of Land, Infrastructure and Transport. This growth was driven by the economic recovery and return of foreign visitors, which increased demand for real estate in Japan. Commercial-use land prices rose by 3.1%, while residential-use land prices increased by 2%.
March 26, 2024
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