In 2024, the average land price in Okinawa Prefecture was about ***** thousand Japanese yen per square meter, up from around ***** thousand yen per square meter in the previous year. Okinawa recorded the highest growth in official residential land prices in the same year.

In 2025, the official residential land price in Okinawa Prefecture in Japan grew by 7.3 percent. This was the highest growth rate of residential land prices among all 47 prefectures of Japan. The average official residential land price in Japan increased year on year.

In 2024, the average land price in Japan amounted to around ***** thousand Japanese yen per square meter. The average land price is based on land price surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism and prefectural governments in January and July each year. Japan’s geography The Japanese archipelago consists of the five main islands of Honshu, Hokkaido, Kyushu, Shikoku, and Okinawa in addition to thousands of smaller islands. Together, they cover a surface area of around *** thousand square kilometers. Three-quarters of the country’s land area is covered by mountains. Forestland and farmland constitute about ** percent of its landmass, while developed land accounts for five percent. The population of *** million is concentrated in major cities like Tokyo, which is home to over **** million inhabitants. Urban-rural divide and land prices Owing to an overconcentration of economic activity in Tokyo and other major cities like Osaka and Nagoya, more than half of the population is located in ***** metropolitan areas. Tokyo and its surrounding prefectures that comprise the Tokyo metropolitan area attract many people from other parts of the country each year, often young individuals seeking jobs or starting university. In contrast, rural regions are confronted with depopulation and economic stagnation. Japan’s urban-rural divide is also reflected in land prices. Tokyo has by far the most expensive land prices. In terms of land price growth, the cities of Sapporo, Sendai, Hiroshima, and Fukuoka have outpaced the Greater Tokyo Area in the past decade.

Japan Urban Land Price Index: Kyushu Okinawa: Average data was reported at 86.400 31Mar1990=100 in Mar 2002. This records a decrease from the previous number of 88.400 31Mar1990=100 for Sep 2001. Japan Urban Land Price Index: Kyushu Okinawa: Average data is updated semiannually, averaging 98.800 31Mar1990=100 from Mar 1985 (Median) to Mar 2002, with 35 observations. The data reached an all-time high of 109.600 31Mar1990=100 in Sep 1992 and a record low of 86.400 31Mar1990=100 in Mar 2002. Japan Urban Land Price Index: Kyushu Okinawa: Average data remains active status in CEIC and is reported by Japan Real Estate Institute. The data is categorized under Global Database’s Japan – Table JP.EB016: Urban Land Price Index: 31Mar1990=100.

In 2021, the average official industrial land price in Japan increased by 0.8 percent compared to the previous year. After a period of negative growth, the average price of industrial land in Japan has risen since 2017. Broken down by region, the industrial land price growth was the highest in the four regional cities, Sapporo, Sendai, Hiroshima, and Fukuoka, while Okinawa was the prefecture with the highest price increase.