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Keyser Soze Escreveu:

Land Prices in Parts of Tokyo Comparable to Bubble-Era Levels

By Kathleen Chu

Aug. 7 (Bloomberg) -- Land prices in parts of central Tokyo last year reached comparable levels to 1991, when nationwide land prices peaked, indicating the possibility of a ``mini bubble,'' Mizuho Research Institute said in a report.

Mizuho estimated that the most expensive 5 percent of land in Tokyo's 23 wards averaged 33.7 million yen ($283,861) per square meter in 2006, after adjusting prices to eliminate the effects of interest rates and the economic growth rate. That was greater than the average of 31 million yen per square meter in 1991, the institute said.

Real estate prices collapsed in 1991 at the end of Japan's ``bubble economy,'' leaving banks with trillions of dollars in bad loans, many backed by land as collateral. Average land prices rose 8.6 percent last year, more than nine times faster than in 2005, a National Tax Agency report showed.

The top 10 percent of land in Tokyo's five most expensive wards reached 34.4 million yen per square meter in 2006, based on adjusted prices, exceeding 34.2 million yen per square meter in 1991.

Adjusted land prices nationwide last year averaged 5.3 million yen per square meter, about 38 percent lower than the average land price in 1991. The Mizuho report is based on the land prices report released by the Ministry of Land, Infrastructure and Transport in March.

To contact the reporter on this story: Kathleen Chu in Tokyo at kchu2@bloomberg.net .
Last Updated: August 7, 2007 03:21 EDT

Titleist Escreveu:No novo empreendimento de luxo que vai ocupar o lugar do antigo hotel estoril sol, o preço por m2 é de 8.000€

e já estão praticamente vendidod todos os apartamentos