Skip to content
Subscriber Only

Japan Land Prices Fall at Slower Pace on Low Borrowing Cost

Japan’s land prices dropped at a slower pace for the third year as low interest rates and buying by real estate investment trusts spurred demand.

Nationwide land prices on average fell 1.8 percent as of Jan. 1, compared with a 2.6 percent decline a year earlier, the Ministry of Land, Infrastructure, Transport and Tourism said in a report yesterday. The drop was the smallest since prices posted a gain in 2008, the data showed.