Press Release

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

2016/6/22

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 first quarter of 2016 (from Jan. 1 to Apr. 1, 2016).

 

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.

 

3. Surveyed districts

A total of 100 districts, including 43 districts in the Tokyo area, 25 districts in the Osaka area, 9 districts in the Nagoya area, and 23 districts in other major cities, are surveyed.

Residential districts comprise districts intensively used for high-rise apartments, etc. (32 districts).

Commercial districts comprise districts where shops and/or offices are intensively concentrated (68 districts).

Please note that the latest survey excluded one district (Kumamoto City) because the real estate market of the city came to a complete halt by the April 2016 earthquake.

 

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 Publication Office ,Land Price Research Division, Land Economy and Construction Industries Bureau, Chief Analyst YOSHINO/Analyst YAMAGUCHI/Official Appraiser MIZUKOSHI
TEL 03-5253-8111 (Extension 30366,30367,30363)

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