2019/6/7

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

• Land value increased in 97 [97] districts, stayed flat in 3 [3] districts and declined in 0 [0] district.
• Increase in change rates from 0-3% category to 3-6% category in “ Miyanomori ” district (Sapporo City) , and “ Tennoji ” district (Osaka City).