Press Release

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

2018/6/1

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 2018 (from Jan. 1 to Apr. 1, 2018).
                                                  
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 first quarter of 2018 (from Jan. 1 to Apr. 1, 2018) [numbers in the previous survey in square brackets] :

  • Land value increased in 91 [89] districts, stayed flat in 9 [11] districts and declined in 0 [0] district.
  • Increase in change rates from 0-3% category to 3-6% category in “Fukushima” district (Osaka City) and “Kamiyacho” district (Hiroshima City) and from ±0% category to 0-3% category in “Kashiwanoha” district (Kashiwa City), “Aomi/Daiba” district (Tokyo Ward) and “Shimogamo” district (Kyoto City).
  • Decrease in change rates from 3-6% category to 0-3% category in “Chuo Icchome” district (Sendai City), from 0-3% category to ±0% category in “Motomachi” district (Yokohama City).

 


    Detailed survery results is available at the following URL.
   ~Land Value LOOK Report~So far of the presentation materials here.
 





                                                                           
 

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