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Tokyo faces an issue of limited land availability, which has driven up the cost of home construction in the city. This is why Tokyo has seen rising home construction but not prices, as the value of land has increased faster than the cost of building homes. Although home prices have been increasing iRead more
Tokyo faces an issue of limited land availability, which has driven up the cost of home construction in the city.
This is why Tokyo has seen rising home construction but not prices, as the value of land has increased faster than the cost of building homes. Although home prices have been increasing in recent years, they have not kept pace with the increasing cost of construction materials and labor, which has resulted in construction growth without a corresponding rise in prices.
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