Japanese land prices fell for two consecutive years to the king fell 1 / 4
National Tax Agency of Japan published on July 1 2010 National "line price." The results showed that the 47 prefectures of Japan's 380,000 locations average "line price" than last year, down 8%, to 126,000 yen, decreased for two consecutive years. In particular, Tokyo, Osaka and other major cities a huge decline.
the so-called "road price" refers to the main road next to the standard housing and building land prices per square meter. This price is then determined as a result of inheritance or gift received by the base amount of land tax, assessed annually by the National Tax Agency.
data show, the biggest city is Tokyo, the standard residential construction sites, the average "road price," 555,000 yen per square meter (about 42 thousand yuan), 11.3% less than last year . Followed by Osaka and Fukuoka decrease of 9.4% per square meter "line price" were 174,000 yen and 96,000 yen.
the highest capital city "road price," also appears to decrease overall tendency. Tokyo Ginza 5-chome Hatoi Church, 4-chome, Wako department store Mitsukoshi Department Store and the land in front of 23.2 million yen per square meter (about 1.76 million yuan) for 25 consecutive years among the first in Japan, is a true high cost of land "Lord." But the price has tumbled from last year 25.6%.
rural land outside the city, down 5.9% over last year, down more than a small city. Rural land prices since 1993 was down for 14, 2007, 2008, just a Zhidie signs, but last year 又 reduction and depression in the population began a new round of pressure drop.
Some analysts point out that Japan is behind the decline of land prices depressed demand for land, commercial building vacancy rates and the withdrawal of hot money investments; In addition, the people wage income declines led to lower spending power, city center area brand stores have shut down, but increased the pressure on land prices. Association of Real Estate Securitization in Japan, said from the end of 2005 to the end of 2008, Japan's private equity funds use investment amount from 6.1 trillion yen to 13.2 trillion yen, but a rapid decline in 2009 to 10.8 trillion by the end of day element. Lined the Ginza store brands "and wooden hand" shop floor has five stores have recently withdrawn. According to local real estate agency, said most stores attract customers vacancy layer of gold is extremely rare. Can not sell because of high prices of brand-name products, so shops can not afford the high rent of commercial premises.
newspaper on July 3 Tokyo Electric
