Local area, all applications and residential land rose for the first time in 27 years

The Ministry of Land and Transportation issued a land price announcement on January 1, 19 (survey site = 20,593). The average use of the whole country has risen at the rate of + 1.2% for four consecutive years. The rising range has risen for three consecutive years, with a rising tone. Residential land rose for two consecutive years at a rate of 0.6%, and commercial land rose for four consecutive years at a rate of 2.8%. The overall use of the local area increased by an average of 0.4%, and the growth of residential land was 0.2%, which was the first time in 27 years. Among the survey sites, residential land increased by 42% (up 5 percentage points over last year), commercial land increased by 56% (up 5 percentage points), and national land prices are recovering.
As for the rate of change every half year from the common point (1631 points) of the prefectural land price survey in July 1, the Tokyo area increased by 0.8% in the first half of the 19th period and 0.9% in the second half. The first half of the Osaka area grew by 0.2%, the second half by 0.3%, the first half of the Nagoya circle by 0.7%, and the second half by 1.0%, which was on the rise in the second half of the overall range. In terms of commercial land, the first half of the Tokyo area increased by 2.5%, the second half by 3.0%, the first half of the Osaka area by 3.5%, the second half by 4.9%, the first half of the Nagoya circle by 2.1%, and the second half by 2.0. %, in addition to the growth of the Nagoya circle, the overall second half of the rise is eye-catching.
Due to the increase in the rate of change in residential areas, the number of prefectures has increased by 18 (14 last year). Hokkaido, Ishikawa, Yamaguchi, and Saga are turned into positive numbers this time. The change rate of residential land was 1.3% in Tokyo, 0.3% in Osaka, and 1.2% in Nagoya. The local circle grew by 0.2%, the first time in 1992. Among them, Sapporo, Sendai, Hiroshima, and Fukuoka's “local four cities” boosted local development with a strong growth rate of 4.4%.
The low-interest environment and residential support policies in residential areas support the growing demand, and the demand for convenient transportation and excellent living conditions is also prominent. The highest rate of change in residential areas in prefectures and prefectures is 8.5% in Okinawa Prefecture. Compared with the previous year, only the demand for high-level transfer was temporarily eased, and the land transaction was stable in Fukushima Prefecture (from 1.4% in 18 years to 19%+1.0%) and as a disaster-stricken area in western Japan. Negative Okayama Prefecture (18 years delta 0.5% reduced to 19 years delta 0.6%) these two counties.
The number of prefectures is 22 (last 21). The newly added Saga Prefecture is a positive number. The change rate of commercial land was 4.7% in Tokyo, 6.4% in Osaka, 4.7% in Nagoya, and 1.0% in local circles. In addition to the local four cities (up 9.4%), the local area was 0.014% in other regions. And since 1993, it has continued to fall and has remained stable. Commercial land has increased profitability in major cities due to lower office vacancy rates and higher wages. Office intermediaries provide employees with the need to expand their per capita space and move to a better environment. The progress of work style reform has brought positive results to commercial land prices. The number of foreign tourists has been increasing, and the prosperous areas of redevelopment have continued to rise. Okinawa Prefecture, which is the first place in the prefectures that belong to the commercial area, has grown by 10.3%. Judging from prefectures, the rate of change in commercial land has risen by double digits for the first time since 2008 (Tokyo, 15.8%).
All 23 districts in Tokyo's residential areas continue to rise. More than 5% of the districts include 12 districts including Bunkyo, Toshima, Arakawa, Kita, Itabashi, Minato, Shinagawa, Shinjuku, Shibuya, Taito, Sumida and Koto. The 18 districts in 18 years have doubled. The surrounding area where the center part is rising is further expanded. Among the 23 districts, only Chiyoda’s rate of increase has slowed down (18 years +3.3% to 19 years +2.9%). Chiyoda-ku has a high-rise apartment street "Fan-cho", and the average price per square meter is the highest in 23 districts (2.69 million yen). The Ministry of Land, Infrastructure, Transport and Tourism told Chiyoda that "the price level in the central area of Tokyo was originally high. If the price level is high, the volatility will stabilize. Like last year, there is no downward trend."