Press Release

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

2017/8/25

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 second quarter of 2017 (from Apr. 1 to Jul. 1, 2017).
 
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).

4. Survey results
Among the 100 surveyed districts, the following trends in land value are found during the second quater of 2017 (from Apr. 1 to Jul. 1) [numbers in the precious survey in square brackets] :

  • land value increased in 86 [85] districts, stayed flat in 14 [15] distrcts and declined in 0 [0] district.
  • Increase in change rates from 0-3% category to 3-6% category in Near Shimotori (Kuamamoto City).
  • Increase in change rates from 0% (unchanged) to 0-3% category in South of Niigata Station (Niigata City).
  • Decrased in change rates from 3-6% category to 0-3% category in Shinjuku San-chome (Shinjuku Ward, Tokyo) and Near Kanazawa Station (Kanazawa City).

Detailed survery results is available at the following URL.(http://tochi.mlit.go.jp/english/wp-content/uploads/2020/08/a17e008cebb53f2919a627d2d19b9ab0.pdf

Contact Information

Ministry of Land, Infrastructure, Transport and Tourism, Land Price Publication Office, Land Price Research Division, Land Economy and Construction Industries Bureau 
Chief Analyst YOSHINO/Analyst AIBE/Official Appraiser KAWANO
TEL (03)5253-8111 (Extension 30366,30367,30363)

pagetop