2016/3/30

MLIT starts a pilot operation of Japan Commercial Property Price Index.   MLIT also starts to release Transaction Volume (numbers and gross area of transactions) of commercial property and Japan Residential Property Price Index of Aichi Prefecture and Osaka Prefecture from April 1984.

○Japan Property Price Index is based on the actual transaction data of property (approximately 300 thousand transactions every year) to provide indices by Region, Metropolitan Areas and Prefectures. Property Transaction Volume means monthly numbers and gross area of transactions of land which is transacted with buildings by Uses, Region, Metropolitan Areas, Prefectures, and Transaction Party.

○MLIT releases Japan Property Price Index and Property Transaction Volume（December 2015・Q4 2015）.

○http://tochi.mlit.go.jp/english/land-prices/property-price-index