Japan's land prices rose for a second consecutive year in 2022, the country's tax agency said on Monday, suggesting a gradual recovery from the impact pandemic as restrictions were eased.
Average land prices rose 1.5% last year, a National Tax Agency survey showed, following an increase of 0.5% in 2021.
As the recovery spread beyond the cities, average land prices rose in 25 out of the 47 prefectures nationwide, the survey showed, up from the previous year's 20 prefectures. Twenty prefectures posted a decline in prices last year, compared with 27 in 2021. Prices were stayed flat in two prefectures.
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