Thursday, July 1st, 2010
Dear international investors and buyers:
National Tax Agency has announced roadside land prices across Japan to indicate benchmark numbers to calculate taxes, such as, inheritance tax and donation tax. The agency indicates land prices of approximately 380,000 spots across the nation.
Almost all of the surveyed locations have decreased in value for two consecutive years. Compared with average roadside land prices for 2009, those for 2010 have decreased 9.7% for Tokyo, 8.3% for Osaka, and 7.6% for Nagoya.
But there is a positive sign – points lost are fewer than before; and it now looks that land prices are bottoming out.
We hope you will find this news helpful.
Minato Asset Management
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