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Land prices continue their rise in the first quarter of 2022

Land prices in Japan continued their upward trend during the first quarter of 2022. According to the LOOK Report of the Ministry of Land, Infrastructure, Transport and Tourism for the first quarter of 2022, land prices at 57% of the surveyed locations increased, about double the share in the same quarter of 2021. The prices of 16% of locations decreased, compared to 27% one year earlier. Japan’s land prices had risen for the first time in two years in 2022, with the national average up 0.6%.

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