1.
land price, land value
The monetary value of a plot of land. Used in real estate, economics, and urban planning contexts. Japan publishes official land prices annually, and land price trends are a major economic indicator.
駅前の地価が上がった。
Land prices near the station went up.
都心の地価は非常に高い。
Land prices in the city center are extremely high.
バブル崩壊のあと、全国的に地価が大幅に下落した。
After the bubble burst, land prices dropped significantly across the country.
USAGE:
地価 is a common economic term in Japan. Land prices have historically been a major factor in the Japanese economy, especially during the asset bubble of the late 1980s and its subsequent collapse.
COMMON COLLOCATIONS:
- 地価が上昇する: land prices rise
- 地価が下落する: land prices fall
- 公示地価: officially assessed land price
- 地価高騰: soaring land prices
Related Words
Homophone:
地下 (underground)