2023 sees Japan's land prices rise 2.3% annually, the highest since 2010, driven by tourism recovery and strong demand for housing and commercial land.

Japan's land prices rose 2.3% in 2023, the highest annual rate since 2010, driven by tourism recovery and strong demand for housing and commercial land. This marks the third consecutive year of land price growth, with Fukuoka experiencing the largest increase of 5.8%. Tokyo's Ginza district remains the most expensive location in Japan, reflecting the return of foreign tourists following the pandemic.

July 01, 2024
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