Land prices in Japan as of January 1 rose for the third consecutive year on the back of brisk demand generated by rising numbers of foreign visitors and urban redevelopment projects, the National Tax Agency said in its annual report released on Monday.
The increase of 0.7 per cent on average from a year earlier represented a higher rate of growth for the second year in a row, but the gap between major cities and rural areas continued to widen, according to the report.
It was the second straight…
Source : South China Morning Post
Read more…Japan land prices rise for third straight year on more foreign visitors and redevelopment projects