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Home| Questions|Q 85848
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Expert Civil Latest Questions

Mahima Singh
Mahima Singh
Asked: December 6, 20222022-12-06T22:29:58+05:30 2022-12-06T22:29:58+05:30In: Others

Why tokyo is the land of rising home construction but not prices?

Why tokyo is the land of rising home construction but not prices?
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    1. Vaibhav Verma
      Vaibhav Verma
      2022-12-07T13:40:04+05:30Added an answer on December 7, 2022 at 1:40 pm

      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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