Abstract
The purpose of this paper is to investigate the relation between the prices of the residential land and the distance from the center of Tokyo metropolitan area from 1970 to 2016. The result shows three trends in the relation ; the prices of the residential land had risen at all points even in the high interest rate, and when the interest rate become lower, the smaller the distance from the center was, the more highly prices of the residential land rose, and then recently the area where the prices of the residential land fluctuate has been narrower. This paper discusses about these trends.
