The increase in land prices in Japan broke the 13-year record

reported Mehr correspondent, citing Reuters, Japan’s Tax Administration announced that in 2023, land prices in this country recorded the highest annual growth in the last 13 years.

This organization has announced that this is the third year in a row that we have seen land prices rise in Japan.

Land prices in Tokyo, North Hokkaido, and Okinawa South has increased along with 26 other regions in Japan in 2023, and of course there has been a decrease in 16 other regions.

The report of the Japanese Tax Administration shows that the biggest increase in land prices in this country is related to the Fukuoka region and the reason Various construction projects have been implemented in this area.

For about 39 years, Tokyo’s Ginzai business district has been considered the most expensive place in Japan in terms of land prices.

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The price of each meter of land in this area is estimated at 44.2 million yen equal to 274 thousand dollars and equivalent to about 16 billion tomans.