Japan's Roadside Land Prices Rise for Fourth Year in a Row
- On July 2, 2025, new data revealed that Japan's roadside land prices increased by an average of 2.7% as of January 1, 2025, marking the fourth year in a row of rising values.
- This rise followed record-high inbound tourism and redevelopment near major events like the April 2025 Osaka-Kansai Expo, which boosted demand in affected areas.
- Tokyo recorded the highest increase at 8.1%, led by a 29% surge on Kaminarimon-dori street in Asakusa, while land prices in 35 prefectures increased and 12 declined.
- Land in front of Tokyo's Kyukyodo stationery store in Ginza stayed the most expensive spot at 48.08 million yen per square meter, rising 8.7% year-on-year, fueled by inbound tourism and redevelopment.
- The sustained land price growth reflects strong tourism-driven demand and urban development, but localized declines, such as a 16.7% drop in Wajima after the 2024 Noto Peninsula earthquake, show regional disparities.
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Govt Announces Roadside Land Prices Across Japan Rose 2.7% on Average in 2025; 4th Straight Year of Increases
The National Tax Agency announced on Tuesday that roadside land prices as of Jan. 1, 2025, rose 2.7% on average from the previous year, with the increase higher than the 2.3% posted in the previous year, marking the fourth consecutive year of increases.
·Japan
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