Reference News Network, March 21 report: According to the "Nikkei Business Newspaper" on March 18, data released by Japan's Ministry of Land, Infrastructure, Transport and Tourism on the 17th showed that the average price of land across the country increased by 2.8% year-on-year as of January 1, 2026. This is the fifth consecutive year of rising land prices in Japan, and it is also the largest increase since the collapse of the bubble economy. Market expectations that demand for office buildings will remain high have attracted domestic and foreign investment to set a new record in 2025, thus pushing up land prices.
The land prices in the Tokyo metropolitan area rose by 5.7% year-on-year, while those in the Osaka metropolitan area rose by 3.8%. The commercial land of the Yamano Musical Instruments Ginza Head Store located in the central ward of Tokyo has remained the most expensive for the second consecutive year. The price per square meter of this plot is 67.1 million yen (about 420,000 U.S. dollars), an increase of 10.9% year-on-year, which is an expansion compared to the 8.6% increase in August 2025.
The land prices in the Nagoya metropolitan area and four regional cities, Sapporo, Sendai, Hiroshima, and Fukuoka, saw a narrowing of year-on-year growth rates.
According to Colliers Real Estate Consulting Services Company, in 2025, real estate investment in Japan (with transaction amounts exceeding 1 billion yen) reached 6.5 trillion yen, an increase of 31% year-on-year, surpassing the previous historical high record of 5.4 trillion yen set in 2007. Of this, 60% of the investment was concentrated in the Tokyo-centered metropolitan area. In 2025, overseas investors invested 2.4 trillion yen in Japan's real estate, setting a new record. (Translated by Ma Xiaoyun)
Original text: toutiao.com/article/7619626055795573275/
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