Why tokyo is the land of rising home construction but not prices?
Share
Get Access to:
Get Access to:
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
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.
See less