Fukuoka Prefecture’s land prices rose 2.8% in the July 1 survey released Sep. 15, marking an 11th consecutive annual increase. The overall rise was 0.9 percentage points smaller than last year. Residential land gained 2.1%, its 10th straight annual increase, while commercial and industrial land rose 4% and 6.4%, respectively. Higher construction costs and mortgage rates are prompting more people to postpone home purchases. An appraiser involved in the survey said high-end condominium sales remained solid, while ordinary family condominiums and detached homes were selling more slowly. Source: NHK News / TVQ News
Photo: Fukuoka Now
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