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Changes in Land Prices in Nagoya, 1975-2014

Aichi prefectural government reported the changes in the official land prices between 1975 and 2014. The following data show the changes in the average official land prices of Aichi (Nagoya city), 1975-2014. Unit is yen per square meter.

f:id:nbakki:20150612121911j:plain

The land price recorded very high during the period of bubble economy (overheated economy) era (1990-1991). 

The next figure shows the changes in the average official land prices for residential area.

f:id:nbakki:20150612122428p:plain

If the price in 1975 is taken as 100, the trend of the land prices is like the below.

f:id:nbakki:20150612123444p:plain

Table: Changes in the average of official land prices in Aichi, 1975-2014

Unit is yen per square meter.

year Residential area Commercial area Industrial area Average 1975=100
1975 30,700 91,500 23,500 41,000 100
1976 31,100 95,500 23,400 41,600 101
1977 32,300 96,500 24,500 42,500 105
1978 34,400 99,400 24,300 44,500 112
1979 39,900 106,000 26,900 49,600 130
1980 50,600 121,100 33,500 60,000 165
1981 59,700 136,000 36,300 69,400 194
1982 71,700 174,000 41,700 85,200 234
1983 88,400 231,000 54,600 109,000 288
1984 91,500 255,000 55,700 116,000 298
1985 93,100 301,100 57,900 125,000 303
1986 94,300 367,300 57,900 137,200 307
1987 97,700 473,000 59,400 159,000 318
1988 117,000 856,000 61,500 250,000 381
1989 141,000 1,130,000 74,600 330,000 459
1990 179,000 1,460,000 89,200 422,000 583
1991 188,000 1,440,000 100,000 425,100 612
1992 169,000 1,190,000 94,400 361,200 550
1993 151,000 877,000 89,000 290,400 492
1994 142,000 676,000 86,000 242,400 463
1995 136,000 540,000 83,200 209,800 443
1996 131,000 457,000 80,700 189,300 427
1997 129,600 399,300 78,900 178,100 422
1998 128,100 353,700 77,800 168,800 417
1999 122,000 305,500 73,900 155,300 397
2000 120,000 284,400 71,800 148,800 391
2001 116,700 265,200 70,200 141,900 380
2002 110,100 239,300 65,200 131,300 359
2003 103,700 223,500 60,300 123,400 338
2004 100,400 217,000 57,200 119,200 327
2005 99,000 230,500 55,200 120,300 322
2006 99,700 283,100 52,400 133,700 325
2007 105,600 296,300 54,100 149,800 344
2008 108,000 320,200 55,100 157,800 352
2009 102,600 273,200 53,300 141,800 334
2010 101,400 256,400 52,300 136,400 330
2011 101,200 253,200 51,400 135,500 330
2012 101,800 253,100 51,000 136,100 332
2013 95,800 253,300 57,200 140,000 312
2014 96,200 284,500 56,200 148,500 313

Source is Aichi prefectural government.

www.pref.aichi.jp/cmsfiles/contents/0000059/59681/02kakaku.pdf

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