In 2024, the average land price in Japan amounted to around 217.1 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 378 thousand square kilometers. Three-quarters of the country’s land area is covered by mountains. Forestland and farmland constitute about 78 percent of its landmass, while developed land accounts for five percent. The population of 124 million is concentrated in major cities like Tokyo, which is home to over nine 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 three 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.

In 2024, the average land price in Tokyo Prefecture stood at about 1.21 million 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.Average land prices in JapanAverage land prices in Japan showed an upward trend in recent years that was interrupted during the coronavirus pandemic. Partly due to the ongoing depopulation of many rural areas, land prices tend to be significantly higher in the more urban areas. Among all the prefectures in Japan, Tokyo had the highest average official land prices, followed by Osaka and Kyoto. The buildings with the highest commercial land prices in Japan were all located in the capital city as of 2024.The situation in TokyoWithin Tokyo, the wards Chiyoda, Chuo, Minato, Shibuya, and Shinjuku form the central business district, which is marked by particularly high rents and low vacancy rates. Among the 23 wards of the city, Chuo had the highest standard land price in 2024. The ward lies to the east of Tokyo Station and encompasses Ginza, which is one of the country’s most expensive shopping areas. Japan’s booming tourism industry, as well as rebuilding and redevelopment projects, have been some of the factors contributing to rising land prices in Tokyo’s commercial areas before the pandemic.

Tokyo's district Chuo had the highest average official land price in 2024, with about 8.38 million Japanese yen per square meter. Next to Chiyoda, Shibuya, Minato, and Shinjuku, Chuo is one of five central business districts in Japan's capital.

Japan JP: Land Price Survey: Average Land Price: Residential: Tokyo data was reported at 354,600.000 JPY/sq m in 2018. This records an increase from the previous number of 342,600.000 JPY/sq m for 2017. Japan JP: Land Price Survey: Average Land Price: Residential: Tokyo data is updated yearly, averaging 323,300.000 JPY/sq m from Jun 1996 (Median) to 2018, with 23 observations. The data reached an all-time high of 399,200.000 JPY/sq m in 1996 and a record low of 293,400.000 JPY/sq m in 2005. Japan JP: Land Price Survey: Average Land Price: Residential: Tokyo data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.P004: Land Price: By Region.

Key information about Japan Gold Production

• Japan Real Residential Property Price Index was reported at 121.710 2010=100 in Sep 2024.
• This records an increase from the previous number of 121.633 2010=100 for Jun 2024.
• Japan Real Residential Property Price Index data is updated quarterly, averaging 110.319 2010=100 from Mar 1955 to Sep 2024, with 279 observations.
• The data reached an all-time high of 189.276 2010=100 in Mar 1991 and a record low of 12.662 2010=100 in Mar 1955.
• Japan Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

Japan JP: Land Price: YoY: Industrial: Three Metropolitan data was reported at 1.500 % in 2018. This records an increase from the previous number of 1.000 % for 2017. Japan JP: Land Price: YoY: Industrial: Three Metropolitan data is updated yearly, averaging 0.500 % from Dec 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 30.000 % in 1988 and a record low of -11.300 % in 1975. Japan JP: Land Price: YoY: Industrial: Three Metropolitan data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.P005: Land Price: Percentage Change.

In January 2024, Tokyo Prefecture recorded the highest average official land price of all 47 prefectures in Japan, at almost 1.23 million Japanese yen per square meter. It was followed by Osaka Prefecture with an average official land price of over 343.2 thousand yen per square meter.

Japan JP: Land Price: YoY: Nagoya data was reported at 1.400 % in 2018. This records an increase from the previous number of 1.100 % for 2017. Japan JP: Land Price: YoY: Nagoya data is updated yearly, averaging 1.150 % from Dec 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 26.500 % in 1974 and a record low of -9.500 % in 1975. Japan JP: Land Price: YoY: Nagoya data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.EB012: Land Price: Percentage Change.

Graph and download economic data for Real Residential Property Prices for Japan (QJPR628BIS) from Q1 1955 to Q3 2024 about Japan, residential, HPI, housing, real, price index, indexes, and price.

Japan JP: Land Price: YoY: Residential: Tokyo data was reported at 1.000 % in 2018. This records an increase from the previous number of 0.700 % for 2017. Japan JP: Land Price: YoY: Residential: Tokyo data is updated yearly, averaging 0.600 % from Dec 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 68.600 % in 1988 and a record low of -14.600 % in 1993. Japan JP: Land Price: YoY: Residential: Tokyo data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.P005: Land Price: Percentage Change.

Housing Index in Japan increased to 128.50 points in January from 128.20 points in December of 2024. This dataset provides - Japan Construction Starts - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Japan JP: Land Price: YoY: Commercial: Regional data was reported at 0.500 % in 2018. This records an increase from the previous number of -0.100 % for 2017. Japan JP: Land Price: YoY: Commercial: Regional data is updated yearly, averaging -1.400 % from Dec 1972 (Median) to 2018, with 47 observations. The data reached an all-time high of 28.700 % in 1974 and a record low of -8.900 % in 1975. Japan JP: Land Price: YoY: Commercial: Regional data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.P005: Land Price: Percentage Change.

In 2025, the average official industrial land price in Japan increased to 79.4 thousand Japanese yen per square meter. This represented an increase from 74.2 thousand yen in the previous year.

In 2024, the official residential land price in the Greater Tokyo Area in Japan rose by 3.4 percent. The growth rate was the highest in the four regional cities and remained low in regional areas.

Japan JP: Land Price Survey: Average Land Price: Commercial: Hokkaido data was reported at 68,800.000 JPY/sq m in 2017. This records an increase from the previous number of 62,800.000 JPY/sq m for 2016. Japan JP: Land Price Survey: Average Land Price: Commercial: Hokkaido data is updated yearly, averaging 66,050.000 JPY/sq m from Jun 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 131,900.000 JPY/sq m in 1996 and a record low of 57,100.000 JPY/sq m in 2005. Japan JP: Land Price Survey: Average Land Price: Commercial: Hokkaido data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.EB013: Land Price Survey: By Region.

Japan JP: Land Price: YoY: Osaka data was reported at 1.100 % in 2018. This records an increase from the previous number of 0.900 % for 2017. Japan JP: Land Price: YoY: Osaka data is updated yearly, averaging 0.550 % from Dec 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 53.900 % in 1990 and a record low of -21.300 % in 1992. Japan JP: Land Price: YoY: Osaka data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.EB012: Land Price: Percentage Change.

Japan JP: Land Price: YoY: Industrial: National data was reported at 0.800 % in 2018. This records an increase from the previous number of 0.300 % for 2017. Japan JP: Land Price: YoY: Industrial: National data is updated yearly, averaging -0.200 % from Dec 1971 (Median) to 2018, with 48 observations. The data reached an all-time high of 28.400 % in 1974 and a record low of -9.500 % in 1975. Japan JP: Land Price: YoY: Industrial: National data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.P005: Land Price: Percentage Change.

Japan JP: Land Price Survey: Average Land Price: Residential: Kagoshima data was reported at 27,200.000 JPY/sq m in 2018. This records a decrease from the previous number of 27,300.000 JPY/sq m for 2017. Japan JP: Land Price Survey: Average Land Price: Residential: Kagoshima data is updated yearly, averaging 32,500.000 JPY/sq m from Jun 1996 (Median) to 2018, with 23 observations. The data reached an all-time high of 35,300.000 JPY/sq m in 1998 and a record low of 27,200.000 JPY/sq m in 2018. Japan JP: Land Price Survey: Average Land Price: Residential: Kagoshima data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.P004: Land Price: By Region.

In 2025, the official residential land price in the Greater Tokyo Area in Japan rose by 4.2 percent. The growth rate was the highest in the four regional cities and remained low in other regional areas.

Japan JP: Land Price Survey: Average Land Price: Commercial: Fukuoka data was reported at 271,100.000 JPY/sq m in 2018. This records an increase from the previous number of 242,200.000 JPY/sq m for 2017. Japan JP: Land Price Survey: Average Land Price: Commercial: Fukuoka data is updated yearly, averaging 241,900.000 JPY/sq m from Jun 1996 (Median) to 2018, with 23 observations. The data reached an all-time high of 441,600.000 JPY/sq m in 1996 and a record low of 189,400.000 JPY/sq m in 2013. Japan JP: Land Price Survey: Average Land Price: Commercial: Fukuoka data remains active status in CEIC and is reported by Ministry of Land, Infrastructure, Transport and Tourism. The data is categorized under Global Database’s Japan – Table JP.P004: Land Price: By Region.