2017/12/11

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 third quarter of 2017 (from Jul. 1 to Oct. 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 third quarter of 2017  (from Jul. 1 to Oct. 1, 2017) [numbers in the precious survey in square brackets] :

• land value increased in 86 [86] districts, stayed flat in 14 [14] distrcts and declined in 0 [0] district.
• Increase in change rates from 0-3% category to 3-6% category in “In front of Sannomiya Station”district (Kobe City).

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