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SOURCE ROOM

Trend in Average Year-on-Year Rate of Change since 1976 (Residential, Commercial, All Uses) — Published Land Prices.

Ministry of Land, Infrastructure, Transport and Tourism, Land and Water Bureau, Land Price Research Division.

Claims Supported by This Source

  1. Nationwide (all uses) average year-on-year change: 1985 2.0%, 1986 2.7%, 1987 9.7%, 1988 7.4%, 1989 7.2%, 1990 13.7%, 1991 3.1%, 1992 −3.8%, 1993 −4.3%, 1994 −2.3%, 1995 −2.1%
  2. Three major metropolitan areas (all uses): 1985 2.9%, 1986 7.1%, 1987 34.4%, 1988 22.4%, 1989 13.9%, 1990 21.5%, 1991 −3.2%, 1992 −14.2%, 1993 −12.7%, 1994 −7.1%, 1995 −6.0%
  3. Tokyo area (all uses): 1986 10.4%, 1987 57.5% (commercial 76.1%, residential 57.1%), 1988 22.6%, 1989 3.5%, 1990 10.5%, 1991 −0.6%, 1992 −12.1%, 1993 −13.8%
  4. Osaka area (all uses): 1988 27.0%, 1989 35.6%, 1990 45.7% (residential 48.2%), 1991 −13.3%, 1992 −21.7%, 1993 −13.3%. Nagoya area (all uses): 1989 14.7%, 1990 23.3%, 1991 5.9%, 1992 −8.1%. Regional areas (all uses): 1989 5.0%, 1990 10.9%, 1991 5.5%, 1992 0.1%, 1993 −1.1%
  5. The three major metropolitan areas (all uses) declined for 15 consecutive years from 1991 to 2005, and turned to an increase of 0.9% in 2006. Nationwide (all uses) declined every year from 1992 to 2010, the end of the table.
  6. The values in the table are the average rates of change of the published land prices as of January 1 of each year compared to January 1 of the previous year (△ indicates a decline).

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