Japan's land prices saw record growth in 2023, returning to pre-pandemic levels

Mar 26, 2024 Business Desk

Average land prices nationwide rose 2.3% in the year ending January 1, the fastest since 1991. Source: Pexels

Commercial land prices increased 3.1%, the third consecutive yearly rise. Source: Pexels

Industrial area prices grew 4.2%, driven by e-commerce. Source: Pexels

Demand for semiconductor plants boosted office and housing demand. Source: Pexels

Average prices in regional cities grew 7.7%, buoyed by development. Source: Pexels

Related Stories: