Local News

The Ministry of Land, Infrastructure, and Transport released its annual report on nationwide land valuations on the 18th, which shows that the rise in land values in Fukuoka City have leveled off. For the past few years, the rise in value of commercial land in Fukuoka City was one of the steepest in the nation. The past two years have seen a double-digit percentage point increase in values, and there was a 20% increase last year, but only a 7% increase this year. This is attributed in part to the problems related to the sub-prime mortgage meltdown in the U.S.