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Japan land prices fall for first time in 4 years

Posted on 02 July 2009

From Reuters: Land prices in Japan fell 5.5 percent in 2008, marking the first decline in four years, a government survey showed on Wednesday, as the global financial crisis dealt a blow to the Japanese real estate market.

Japan’s deepest recession since World War Two sapped demand for housing and office buildings, and tighter credit conditions dampened property investment, weighing on land prices which had been stabilising after more than a decade of declines……….Full Article: Source


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