Land prices published by the national, prefectural and other public organizations are not based on land transaction prices in the general real estate transaction market.
On the other hand, when financial institutions calculate the collateral value of land when examining loans, they generally use the " route price " (published by the National Tax Agency). In addition, land prices published by the national government and other public organizations may be used as a reference when determining transaction prices in general real estate transactions.
In other words, land prices published by the national government and other public organizations have a great influence on the general real estate transaction market.
However, there are many cases where the actual transaction price is much higher than these land prices.