Section 2  Land Transactions

In this section, regions are categorized into "Tokyo area", "Osaka area", "Nagoya area" and "Local areas"
The Tokyo area: Saitama, Chiba, Tokyo and Kanagawa Prefecture
The Osaka area: Osaka, Kyoto and Hyogo Prefecture
The Nagoya area: Aichi and Mie Prefecture
The Local areas: areas other than the above
1  Trends in Land Transactions

(1) Land Transactions by Purchase and Disposal
The number of land transactions (i.e. the number of freehold land transfer registrations) undertaken through purchase and disposal was 1,643,572 - a decline of 3.3% compared to the previous year (see Chart 3-2-1, Chart 3-2-2).


Chart 3-2-1  Trends in the Number of Land Transactions by Purchase and Disposal
Chart
Source:"Annual Statistics of Civil Affairs, Litigation and Human Rights" Ministry of Justice
Note:Areas are as follows:
The Tokyo area: Saitama, Chiba, Tokyo and Kanagawa Prefecture
The Osaka area: Osaka, Kyoto and Hyogo Prefecture
The Nagoya area: Aichi and Mie Prefecture
The local area:areas other than the above


Chart 3-2-2  Trends in the Number of Land Transactions through Purchase and Disposal (Annual Change)
(unit : transaction, %)

1990 1991 1992 1993
Transactions Annual
change
ratio
Transactions Annual
change
ratio
Transactions Annual
change
ratio
Transactions Annual
change
ratio
All Japan 2,205,122 - 2.4 2,003,833 - 9.1 1,818,198 - 9.3 1,773,226 - 2.5
Tokyo area 409,481 - 2.1 332,857 - 18.7 310,539 - 6.7 316,092 1.8
Osaka area 195,050 - 2.2 160,897 - 17.5 151,631 - 5.8 162,751 7.3
Nagoya area 121,408 - 20.2 111,944 - 7.8 96,482 - 13.8 93,360 - 3.2
Local areas 1,479,183 0.5 1,398,135 - 5.5 1,259,546 - 9.9 1,201,023 - 4.6


1994 1995 1996 1997
Transactions Annual
change
ratio
Transactions Annual
change
ratio
Transactions Annual
change
ratio
Transactions Annual
change
ratio
All Japan 1,836,815 3.6 1,847,156 0.6 1,956,943 5.9 1,847,156 - 5.6
Tokyo area 347,151 9.8 376,466 8.4 417,593 10.9 406,122 - 2.7
Osaka area 190,870 17.3 192,167 0.7 232,643 21.1 219,647 - 5.6
Nagoya area 100,968 8.1 96,570 - 4.4 104,256 8.0 101,427 - 2.7
Local areas 1,197,826 - 0.3 1,182,718 - 1.3 1,202,451 1.7 1,119,960 - 6.9


1998 1999 2000 2001
Transactions Annual
change
ratio
Transactions Annual
change
ratio
Transactions Annual
change
ratio
Transactions Annual
change
ratio
All Japan 1,704,601 - 7.7 1,718,072 0.8 1,699,973 - 1.1 1,643,572 - 3.3
Tokyo area 380,756 - 6.2 412,055 8.2 435,759 5.8 433,948 - 0.4
Osaka area 202,730 - 7.7 207,284 2.2 210,559 1.6 202,657 - 3.8
Nagoya area 91,779 - 9.5 95,794 4.4 88,930 - 7.2 89,546 0.7
Local areas 1,029,336 - 8.1 1,002,939 - 2.6 964,725 - 3.8 917,421 - 4.9

Source:"Annual Statistics of Civil Affairs, Litigation and Human Rights" Ministry of Justice
Note:Areas are as follows:
The Tokyo area: Saitama, Chiba, Tokyo and Kanagawa Prefecture
The Osaka area: Osaka, Kyoto and Hyogo Prefecture
The Nagoya area: Aichi and Mie Prefecture
The local area:areas other than the above


(2) Areas of Land Transactions
The total area of land subject to purchase or disposal transactions in Japan has remained generally stable since 1994 (see Chart 3-2-3).

With regard to land transactions in Japan in 2000, more than 70% of all transactions involved areas of less than 300 sqm (3,229 sqf) (see Chart 3-2-4, Chart 3-2-5).


Chart 3-2-3  Trends in the Area of Land Transactions
(unit : 1,000ha , %)
year
region
1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000
Tokyo area 12.8 11.7 8.6 9.1 8.2 9.2 9.3 8.9 7.7 9.4 9.1

(- 9) (- 26) (5) (- 10) (12) (1) (- 4) (- 13) (22) (- 3)
Osaka area 10.5 8.6 6.7 7.4 6.7 6.5 7.1 6.9 6.4 6.6 6.2

(- 18) (- 22) (10) (- 9) (- 3) (9) (- 3) (- 7) (2) (- 6)
Nagoya area 8.3 8.2 6.7 6.7 5.5 4.4 5.4 5.6 4.9 4.8 4.3

(- 1) (- 19) (1) (- 18) (- 20) (23) (4) (- 13) (- 1) (- 11)
Local area 207.4 181.7 154.9 131.5 137.3 141.0 146.3 138.8 138.7 150.9 147.1

(- 12) (- 15) (- 15) (4) (3) (4) (- 5) (0) (9) (- 3)
All Japan 239.0 210.1 176.8 154.6 157.7 161.1 168.1 160.3 157.6 171.7 166.7

(- 12) (- 16) (- 13) (2) (2) (4) (- 5) (- 2) (9) (- 3)

Source:"Basic Survey of Regulations on Land Transactions" by Ministry of Land, Infrastructure and Transport
Note1:Figures in parentheses are annual change ratio (%)
Note2:Areas are as follows:
The Tokyo area: Saitama, Chiba, Tokyo and Kanagawa Prefecture
The Osaka area: Osaka, Kyoto and Hyogo Prefecture
The Nagoya area: Aichi and Mie Prefecture
The local area:areas other than the above
Note3:Areas are shown in figures, omitting fractions. The total areas are not necessarily the same as the sum of each column.


Chart 3-2-4  The Number of Land Transactions by Size (in 2000)
(unit : 1,000 transactions, %)
region The number of land transactions by size and proportions to the total
less than
100m2
100m2 -
300m2
300m2 -
500m2
500m2 -
2,000m2
at least
2,000m2
Total
Tokyo area 117.0 131.3 16.0 18.7 5.3 288.2
(40.6) (45.6) (5.6) (6.5) (1.8) (100.0)
Osaka area 75.6 59.9 9.4 12.0 3.5 160.4
(47.1) (37.4) (5.9) (7.5) (2.2) (100.0)
Nagoya area 21.9 37.8 8.6 9.9 2.7 80.9
(27.1) (46.7) (10.6) (12.2) (3.3) (100.0)
Local area 290.0 333.0 114.6 155.9 69.2 962.8
(30.1) (34.6) (11.9) (16.2) (7.2) (100.0)
All Japan 504.5 562.1 148.6 196.5 80.7 1,492.4
(33.8) (37.7) (10.0) (13.2) (5.4) (100.0)

Source:"Basic Survey of Regulations on Land Transactions" by Ministry of Land, Infrastructure and Transport
Note1:Accumulations of land transactions other than those for property partial ownership, such as condominium apartments.
Note2:Areas are as follows:
The Tokyo area: Saitama, Chiba, Tokyo and Kanagawa Prefecture
The Osaka area: Osaka, Kyoto and Hyogo Prefecture
The Nagoya area: Aichi and Mie Prefecture
The local area:areas other than the above


Chart 3-2-5  Shares of Land Transactions by Size of Areas (in 2000)

Chart
Source:"Basic Survey of Regulations on Land Transactions" by Ministry of Land, Infrastructure and Transport
Note:Accumulations of land transactions other than those for property partial ownership, such as condominium apartments.


2   Current Status of Land Transactions by Parties

(Current Status of Transaction Parties)
In terms of total land disposals, transactions involving corporations increased; while those involving individuals decreased substantially in 2000 (see Chart 3-2-6).

With regard to parties involved in purchasing land, the numbers of both individuals and corporations showed an increase in 2000 (see Chart 3-2-7).


Chart 3-2-6  Current Status of Parties of Land Disposal (Areas)
Chart
Source:Preliminary analyze report from "Land Ownership Transfer Survey" by Ministry of Land, Infrastructure and Transport
Note:Analyzed random selected data (one out of 50) out of land transaction data reported to the Ministry of Land, Infrastructure and Transport from "Detailed Survey of Areas under Surveillance" and "Basic Survey of Regulations on Land Transactions"


Chart 3-2-7  Current Status of Parties to Land Purchases (Areas)
Chart
Source:Preliminary analyze report from "Land Ownership Transfer Survey" by Ministry of Land, Infrastructure and Transport


(Current Status of Vendors and Purchasers in Land Transactions)
With regard to the status of vendors and purchasers, the proportional numbers of transactions made by individuals and corporations in 2000 was almost the same as that in 1999 (see Chart 3-2-8).

On the other hand, in proportional area terms, transactions between "individuals to individuals" and "corporations to corporations" both increased (see Chart 3-2-9).


Chart 3-2-8  Status of Vendors and Purchasers in Land Transactions (by the Number of Transactions)
Chart
Source:Preliminary analyze report from "Land Ownership Transfer Survey" by Ministry of Land, Infrastructure and Transport


Chart 3-2-9  Status of Vendors and Purchasers in Land Transactions (by Area)
Chart
Source:Preliminary analyze report from "Land Ownership Transfer Survey" by Ministry of Land, Infrastructure and Transport


3  Current Status of Real Property Values

Chart 3-2-10  Trends of Value of Land classified by Institutional Sectors
Chart
Source:"Annual Report on National Accounts" by Cabinet Office
Note1:Figures in parentheses are annual change ratio (%)
Note2:On and after 1990 93SNA is used and before 1990 68SNA (1990 basis) is used.


4  Current Status of Land Transactions

Chart 3-2-11  Trends of Size of Land Investment classified by Institutional Sectors
Chart
Source:"Annual Report on National Accounts" by Cabinet Office
Note1:"Households" include "Private Non-profit Institutes serving Households"
Note2:Figures in < > represents total net buying (total net selling) in each year.
Note3:On and after 1990 93SNA is used and before 1990 68SNA (1990 basis) is used.


Chart 3-2-12  Trends in the Purchase and Disposal of Land (by purchasing and selling entities)
Chart
Source:Estimates taken from "Detailed Survey of Areas under Surveillance", "Basic Survey of Regulations on Land Transactions", "Prefectural Land Price Surveys" etc
Note1:These estimates were prepared in order to monitor the size of land transactions in terms of their monetary value. The estimates were made using various premises. Actual transaction prices were not used. The method of estimating transaction values is outlined below:
(1) Estimates were made by identifying the land parcels transacted according to land use and the size of the land area itself (provided by Ministry of Land, Infrastructure and Transport) and then multiplying these figures by the average land price (as calculated in prefectural land price surveys).
(2) The data used in these estimates was compiled from around 860,000 transactions (which is about 50% of total land transactions in Japan)
Note2:"Central Government and others" includes the National Government, local authorities, government corporations, public corporations and so on.
Note3:As data on the amounts of land purchased and disposed of was not available for 1974, 1986, 1987 and 1988, the figures for these years are estimated from the trend line.


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