According to The Asahi Shimbun, average land prices in Japan’s regional areas rose for the first time in 31 years, thanks to thriving major cities outside the three largest metropolitan areas, according to a land ministry report released.
The average land prices across the country also rose for the second year in a row.
As of 1 July, the average price for residential, commercial and industrial land outside the areas of Tokyo, Osaka and Nagoya increased by 0.3 percent.
The increase was driven by the four metropolitan areas of Sapporo, Sendai, Hiroshima and Fukuoka, which saw an 8.1 percent increase.
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