Japan's land prices rise at strongest pace in 34 years

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TOKYO : Japan's land prices rose at their fastest pace in 34 years in 2024 with recovery spreading to regional areas thanks to sustained economic growth, in the latest sign of a pickup in the property market, a government survey showed on Tuesday.

Gains in land prices were helped by the surge in inbound tourism, which boosted demand for hotels and shops.

In about 64 per cent of plots surveyed land prices exceeded the level in 2020 before the pandemic, the ministry said.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Land Demand Areas Prices Year Showed Survey Japan Market Ministry Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 15:52:59 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 579 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 27140728

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