Land Price Sharply Rising for These Five Years

Ministry of Land, Infrastructure, Transport and Tourism released official land price at the time of January 1st, 2026. Average price of land in Japan rose by 2.8 percent from the previous year, consecutive rise for these five years, marking the highest increase from 1991 when it jumped up by 11.3 percent at the peak of historical asset bubble era. Land price in urban region of Tokyo and Osaka led the average going high, while some local cities showed slowdown.

The land prices were categorized by how it is used. The land price for housing rose by 2.1 percent in average, the same ratio as that in previous year. Commercial land price went up by 4.3 percent, while it had been 3.9 percent in 2025. Price of lands for industries hiked by 4.9 percent, slightly grew from 4.8 percent of last year.

 

The land price in Tokyo and Osaka showed outstanding increase. In Tokyo, price of land for housing grew by 4.5 percent, and for commerce by 9.3 percent. They were 2.5 percent and 7.3 percent in Osaka. All those numbers grew from the previous year. By contrast, housing land price in Nagoya rose by 1.9 percent and commercial land price by 3.3 percent, marking drop in ratio from last year. It can be said that land price in Nagoya, one of the three urban areas in Japan, is slowing down.

 

Four hub cities in other regions, Sapporo, Sendai, Hiroshima and Fukuoka, marked further slowdown. Land price for housing in those four cites rose by 3.5 percent and commercial land price by 6.4 percent. The growth of the price in previous year was 4.9 percent and 7.4 percent. It is supposed that price hike of building materials and workers’ wage pushed cost of construction, discouraging the people who buy new houses.

 

It is always Ginza, Tokyo, that marks the highest land price in Japan. The price of the center of Ginza district this year was 67.1 million yen for a square meter, marking the top in Japan. On that land, a building of music instrument shop, Yamano Music, stands. The most expensive land for housing was in Akasaka district in Tokyo, where a great tower for housing is built.

 

The land price for housing significantly rose in some cities which have convenient access to urban area. It increased by 13.3 percent in Nagareyama, Chiba. It takes only thirty minutes from Nagareyama to the central Tokyo with train. The cities with support for families raising kids also showed land price hike. It indicates that young families are looking for convenient place for their life in this growingly aged society.

 

Foreign visitors push up land price in commercial land. Resort area such as Hakuba village in Nagano and Furano city in Hokkaido marked great hike of 30 percent or more. Reflecting prevalence of shopping with home delivery, price of lands for logistic facility rose up around urban area. Among industrial lands, Chitose city marked high growth of price, as construction of a chip manufacturing factory is ongoing. However, decline is seen among foreign investors, as Sanae Takaichi administration considers introducing tighter regulation of purchasing lands by foreigners.

Comments

Post a Comment

Popular posts from this blog

LDP Kickoffs Presidential Election

The Liberal Democratic Party (LDP)   kicked off  its presidential election campaign on September 22 and five lawmakers officially submitted their candidacy to the party. Having lost majority in both Houses of the Diet under the leadership of Prime Minister Shigeru Ishiba, the presidential election should be about how to regain power through reform of the party. Nevertheless, the candidates do not talk much about the reform, rather focusing on economic policies for the people or maneuvers to attract the opposition parties.   Those five candidates are former Minister on Economic Security Takayuki Kobayashi, former LDP Secretary General Toshimitsu Motegi, Chief Cabinet Secretary Yoshimasa Hayashi, former Minister on Economic Security Sanae Takaichi and Miniser of Agriculture, Forestry and Fisheries Shinjiro Koizumi.   Kobayashi insists on temporary income tax cut with a fixed rate, which return is bigger for high-income taxpayers than them with low-income. Identifying h...
Read more

Defense Ministers Meet in Seoul

Minister of Defense Gen Nakatani visited Republic of Korea and had a meeting with ROK Minister of National Defense Ahn Gyu-back. It was the first time for Japanese defense minister to have a bilateral ministerial meeting in these ten years. Both ministers reconfirmed importance of trilateral security cooperation including the United States to deal with another trilateral cooperation by China, Russia and North Korea.   In the  press conference  after the meeting, Nakatani stressed importance of maintaining bilateral relationship between Japan and ROK, or Japan-ROK-U.S. relationship in a volatile security environment. Both ministers agreed on promoting discussion by both defense authorities and exchange of personnel. They also agreed on further cooperation in cutting edge technologies including artificial intelligence, unmanned system or the space. They will maintain joint exercise called “Freedom Edge,” in which multiple countries participate.   Their bilateral relati...
Read more

Contaminated Soil to Prime Minister’s Residence

Shigeru Ishiba Cabinet discussed how the radioactively contaminated soil in Fukushima prefecture would be treated and decided some of it should be used in Prime Minister’s Official Residence in Tokyo. Although the soil needs to be removed from Fukushima with legal requirement, the government of Japan has not found anywhere it should go. Ishiba administration hopes that the decision will pave the way for any local community to accept the soil.   Fukushima Daiichi Nuclear Power Plant emitted a huge amount of radiation into the air, which contaminated the land surface around the site, in the severe accident in East Japan Great Earthquake in 2011. The contaminated soil in Fukushima prefecture was stocked in the intermediate stockyard built in the towns of Futaba and Okuma, where the power plant is located. The government promised the people in Fukushima to remove the soil out of Fukushima prefecture within thirty years, when it decided to build the stockyard in 2014.   The total a...
Read more