Prefectural land price survey September 19, 16:54 when average of local commercial land starts to rise for the first time in 28 years

The prefectural land price survey has been announced, and the average of the local commercial land, excluding the three major metropolitan areas, has risen for the first time in 28 years since 1991. Demand for land for hotels and stores is rising against the backdrop of an increase in foreign tourists, and land prices are recovering in rural areas.

The “Prefectural Land Price Survey” was compiled by the Ministry of Land, Infrastructure, Transport and Tourism as of July 1, and covers more than 21,500 locations nationwide.

This time, the average price of land, including residential, commercial and industrial areas, increased by 0.4% compared to last year, rising for the second consecutive year.

By commercial use, “commercial land” increased for the third consecutive year with an increase of 1.7% on a national average, and the growth rate also increased.

The “three major metropolitan areas” in Tokyo, Osaka, and Nagoya increased by an average of 5.2% for the seventh consecutive year, while other regions averaged an increase of 0.3% on average for the first time in 28 years since 1991 It turned.

In 19 prefectures, which is 40% of the total, by prefecture, the demand for land for hotels and stores is rising against the backdrop of an increase in foreign tourists.

On the other hand, “Residential Areas” declined for the 28th consecutive year with a national average of minus 0.1%, but the rate of decline decreased for the 10th consecutive year.

In urban areas, the upward trend has continued, with the “three major metropolitan areas” averaging 0.9% on average, and the four cities of Sapporo, Sendai, Hiroshima, and Fukuoka, increasing 4.9% on average. It is.

In addition, the “industrial area” increased for the second consecutive year with an average increase of 1.0% nationwide due to increasing demand for large logistics facilities against the backdrop of the expansion of online shopping.

Of these, the average of industrial areas in the region increased to 0.4% on average, and has risen for the first time in 27 years since 1992.