According to The Asahi Shimbun, average overall land prices in Japan rebounded from a three-year slump, while residential properties gained in value for the first time in 31 years, a land ministry report showed 20 Sept.
The overall average increased year on year by 0.3 percent as of July 1, while residential land prices edged up 0.1 percent, according to the report.
The rises reflect growing demand for homes and stores as economic activities pick up steam following the easing of restrictions related to the novel coronavirus pandemic.
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