Press Release

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

2018/8/17

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

  • Land value increased in 95 [91] districts, stayed flat in 5 [9] districts and declined in 0 [0] district.
  • Increase in change rates from ±0% category to 0-3% category in “ Near Morioka station” district (Morioka City), “ Bancho ” district “ Tsukuda / Tsukishima ” district and “ Kichijoji ” district (Tokyo Ward) .
  • Decrease in change rates from 3-6% category to 0-3% category in “ In front of Meieki station ” district ( Nagoya City) and “ Kamiyacho ” district ( Hiroshima City ).

        
         Detailed survey results is available at the following URL.
        （http://www.mlit.go.jp/en/totikensangyo/totikensangyo_fr4_000002.html）


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