3 days ago
Tokyo commuters, inbound tourists drive land price gains
Demand from inbound tourists and Tokyo commuters drove the five biggest year-on-year land-price increases in Japan.
The ski resort village of Hakuba in Nagano Prefecture posted a 32.4 percent annual increase as of January 1, the fastest gain nationwide. Prices in Furano City, Hokkaido, jumped 30.2 percent, the second steepest leap.
The average for the Asakusa district of Tokyo's Taito Ward rose 29 percent, while the city of Takayama, Gifu Prefecture, climbed 28.3 percent. Both are popular among tourists.
The Senju area in Adachi Ward, Tokyo, came in fifth place with an annual growth of 26 percent. The area has a railway station that provides access to central Tokyo.
