Abstract
This paper investigates the relationship between the land prices of residential areas and their distance from the center of Kinki metropolitan area and local prefectures. The results are compared with those pertaining to the Tokyo metropolitan area, which reflect some trends in the relationship. From 1988, the smaller the distance from the center was, the higher the prices of residential land rose. Recently, the areas where the prices of residential land fluctuated have narrowed down. However, from 1994 onward, the smaller the distance from the center of the Kinki metropolitan region and local prefectures was, the lower the prices of residential land declined. Consequently, the following discussion addresses why the relationship turned out differently in these areas.
