Key facts
- Japan's average land price increased by 2.9% in 2026.
- This marks the fifth consecutive year of land price growth in Japan.
- Urban redevelopment is a key factor contributing to the price increase.
- A tourism boom is also cited as a reason for the rising land values.
- Tokyo experienced the most significant increase in land prices.
Japan's average land price has seen a 2.9% increase in 2026, continuing a trend of growth for the fifth consecutive year. This sustained appreciation in land values is primarily attributed to ongoing urban redevelopment projects across the country and a robust tourism boom. The capital city, Tokyo, recorded the sharpest rise in land prices, reflecting its status as a major economic and cultural hub. The consistent growth suggests a stable and strengthening real estate market in Japan, influenced by both domestic development efforts and international visitor numbers.