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REthink Tokyo has compiled data illustrating land pricing trends from 2000 to 2021.
Monthly year-on-year data shows contracting inventory with strong buyer demand continues to drive prices per square metre higher.
While prefectural overall starts declined, Chiyoda, Minato and Chuo saw a significant increase.
The Greater Tokyo / Osaka regions both continue multi-month average price declines; Osaka and Fukuoka prefectures rise.
Conde Nast’s 34th Annual Reader’s Choice awards announced the capital in top spot, with Osaka and Kyoto ranked two and three respectively.
Greater Osaka drops slightly; Greater Nagoya rises slightly month on month.
Results show the need for the industry to up the game when it comes to listing syndication across property portals.
Tokyo agents surveyed found the pandemic effects on the residential market has made servicing buyers more challenging.
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