Japan's average land prices rose 1.4%, marking 3 consecutive years of increases, with commercial land prices up 2.4% and residential land prices up 0.9%.

Japan's average land prices rose by 1.4% as of July 1, marking the third consecutive year of increases and the highest growth since 1992. This rise is driven by a 2.4% jump in commercial land prices and a 0.9% increase in residential land prices, fueled by inbound tourism and foreign investment amid a weak yen. Notably, land prices outside major cities also saw increases for the second year in a row.

September 17, 2024
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