Hyogo Prefecture's public land prices rose for the fourth consecutive year, with residential land increasing by 2.2% and commercial land by 4.0%, highlighting a growing divide between urban and rural areas.
The Ministry of Land, Infrastructure, Transport and Tourism in Japan has announced that Hyogo Prefecture has experienced a rise in public land prices for the fourth consecutive year, with residential land increasing by 2.2% and commercial land by 4.0%. This increase has been characterized by widening margins, specifically a 0.3 point increase for residential land and a 0.5 point increase for commercial land. This trend emphasizes a stark urban-rural divide, where areas such as Nishi-Harima and Tajima are experiencing depopulation and price drops, while more urbanized areas like Kobe and Hanshin continue to see rising prices due to better accessibility and amenities.
