Press Release

Trend Report of the Value of Intensively Used Land in Major Cities ~Land Value LOOK Report ~

2013/11/26

The Ministry of Land, Infrastructure, Transport and Tourism released the Trend Report of the Value of Intensively Used Land in Major Cities – Land Value LOOK Report – for the third quarter of 2013 (from Jul. 1 to Oct. 1, 2013).

1. Survey objective
To clarify leading land-value trends for intensively used districts in major cities, which tend to be leading indicators of property market trends, by ascertaining such trends on a quarterly basis.

2. Matters to be surveyed
Licensed Real Estate Appraisers (LREAs) collect information on the real-property markets of the surveyed districts, and estimate land-value trends by using real-property-appraisal methods. The results are to be aggregated by the Ministry of Land, Infrastructure, Transport and Tourism. Additionally, the results of the interview survey with local entities relating to real estate, such as real-estate-related companies and financial institutes of respective regions, are also released.

3. Surveyed districts
A total of 150 districts, including 65 districts in the Tokyo area, 39 districts in the Osaka area, 14 districts in the Nagoya area, and 32 districts in other major cities, are surveyed.
Residential districts comprise districts intensively used for high-rise apartments, etc. (44 districts).
Commercial districts comprise districts where shops and/or offices are intensively concentrated (106 districts).

4. Survey results
Survey results are available on the site “Land and Property in Japan” at the following URL.
(http://tochi.mlit.go.jp/english/land-prices/land-value-look-report)

Contact Information

Ministry of Land, Infrastructure, Transport and TourismLand Price Research Division, Land Economy and Construction and Engineering Industry BureauSenior Coordinator for Land Price Research OTAKE
TEL (03)5253-8111 (Extension 30322) Direct Phone 03-5253-8111
Ministry of Land, Infrastructure, Transport and TourismLand Price Research Division, Land Economy and Construction and Engineering Industry BureauOfficial Appraiser OYA
TEL (03)5253-8111 (Extension 30363)

pagetop