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Japan land prices recover from COVID to rise fastest in 15 years

Mar 23 (Nikkei) - Japan land prices gained the most in 15 years as a loose monetary policy and the lifting of COVID restrictions fueled demand for offices, condominiums and hotels.

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As of Jan. 1, prices were 1.6% higher than a year earlier, a second straight annual gain, data from the Ministry of Land, Infrastructure and Transport showed on Wednesday. A rise of 0.6% was recorded as of the previous New Year's Day. Prices marked as of the beginning of January 2021 had dropped 0.5% due to the pandemic. ...continue reading

Source: Kyodo

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