noun
land price
Refers to the price of land, often used in real estate, economic, or legal contexts.
この地域の土地価格は年々上昇している。
Land prices in this area are rising year by year.
地価 is a more common and concise term for land price, often used in official statistics and news.
Compound of 土地 (tochi, 'land') and 価格 (kakaku, 'price').