- CNTV English - CCTV News

Japan route price falls

07-06-2010 08:56 BJT

Watch Video

Play Video

In Japan, the average land prices in 2010 dropped by 8 percent compared with that of last year, with big cities like Tokyo and Osaka leading the fall.

Japan's National Tax Agency has released the 2010 national "route value". Route value is the price per square meter for residential and construction land, situated along main streets. The figures show land in Tokyo dropped in value by more than 10 percent, followed by Osaka down 9.4 percent. The highest route values in capital cities have also fallen, some plunging by more than 25 percent.

Analysts say low demand for land, an increasing number of unused commercial buildings, and less hot money is behind the price drop.

Editor:Xiong Qu |Source:

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program