Japan's land prices rise at strongest pace in 34 years

TOKYO, (Reuters) -- Japan's land prices rose at their fastest pace in 34 years in 2024, with recovery spreading to regional areas thanks to sustained economic growth, in the latest sign of a pickup in the property market, a government survey showed on Tuesday.

Average nationwide land prices, across residential and commercial, grew 2.7% as of Jan 1, the fourth straight year of gains, the land ministry survey showed.