The price of land in Japan rose for the first time in 14 years on the back of a positively active property market, according to the Japanese government.

The Japanese National Tax Agency reveals that the average price of Japanese land alongside major roads rose 0.9% to 114,000 yen per sq m in January 2006 compared to the same time a year earlier.
The land prices of Japans three-largest city areas in Tokyo, Osaka and Nagoya increased by 3.5 pct, 0.7 pct and 2.1 pct, respectively.