According to The Asahi Shimbun, marking the second consecutive year of increase, land prices in Japan as of the start of 2023 rose 1.5 percent on average from a year earlier, according to government data released recently.
With the economy recovering from the COVID-19 pandemic, rising land prices are starting to move from cities to other regional areas.
The nationwide average had climbed for five years in a row through 2020 but fell 0.5 percent in 2021 due to the pandemic.
In 2022, the average rebounded with a 0.5 percent rise, with this year’s rate of increase exceeding it.
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