Editorial

15:44 JST, March 19, 2025

The upward trend in land values is becoming clearer nationwide. It is important for such a trend to lead to economic vitalization, while closely watching for risks in each region.

According to official land values as of Jan. 1 released by the Land, Infrastructure, Transport and Tourism Ministry, the national average value of land for all purposes rose 2.7% from the previous year, which marks a gain for the fourth consecutive year. The rate of increase was 0.4 percentage points higher than the previous year and the highest in 34 years.

Residential and commercial land values increased 2.1% and 3.9%, respectively. The number of foreign visitors to Japan exceeded 36 million, a record high, and demand for hotels and stores expanded. In addition, housing purchases were brisk. These factors have pushed up land values.

The increase........

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