2019/2/15

 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 fourth quarter of 2018 (from Oct. 1 to Jan. 1, 2019).
 
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 fourth quarter of 2018 (from Oct. 1 to Jan. 1, 2019). [numbers in the previous survey in square brackets] :

• Land value increased in 97 [96] districts, stayed flat in 3 [4] districts and declined in 0 [0] district.
• Increase in change rates from ±0% category to 0-3% category in “ In front of Nagano station ” district (Nagano  City) , from 0-3% category to 3-6% category in “ Nishikicho ” district , “ Chuo Icchome ” district (Sendai  City) , “ In front of Chiba station ” district (Chiba City) , “ Near Hisayaodori station ” district (Nagoya City) , “ Near Kyoto station ” district , “ Kawaramachi ” district , “ Karasuma ” district (Kyoto City) , “ Nishiumeda ” district , “ Chayamachi ” district , “ Nakanoshima Nishi ” district , “ Kitahama ” district ,“ Shin-osaka ” district and “ Esaka ” district (Osaka Prefecture).
• Decrease in change rates from 3-6% category to 0-3% category in “ Shinjuku San-chome ” district (Tokyo Ward) .

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