(ちか)

ちか
noun
land price, land value
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(えきまえ)地価(ちか)()がった。
Land prices near the station went up.
都心(としん)地価(ちか)非常(ひじょう)(たか)い。
Land prices in the city center are extremely high.
バブル崩壊(ほうかい)のあと、全国的(ぜんこくてき)地価(ちか)大幅(おおはば)下落(げらく)した。
After the bubble burst, land prices dropped significantly across the country.

USAGE:
地価(ちか) 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(ちか)上昇(じょうしょう)する: land prices rise
  • 地価(ちか)下落(げらく)する: land prices fall
  • 公示(こうじ)地価(ちか): officially assessed land price
  • 地価(ちか)高騰(こうとう): soaring land prices

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