Property prices starting to perk up

Kyodo

Land prices rose in 53 percent of surveyed commercial and residential locations around the country between Jan. 1 and April 1, the government said Wednesday in its quarterly survey.

It is the first time in about five years that more than half of the surveyed sites saw increases, the Land, Infrastructure, Transport and Tourism Ministry said, adding prices rose mainly in Tokyo, Osaka and Nagoya.

Of 150 major commercial and residential locations around Japan, prices rose at 80 sites, compared with 51 in the previous three-month period.