“2024 Roadside Land Prices” were announced
- Japanese real estate expertise
“2024 Roadside Land Prices ” were announced
On July 1, 2024, the National Tax Agency (NTA) announced the nationwide roadside land prices for 2024, based on the assessment as of January 1.
The national average price has risen by 2.3
% compared to the previous year, marking the third consecutive year of increases. The rise rate in 2024 is the largest since 2010.
*Created by us based on the published data
◆Tokyo Metropolitan Area
Tokyo: 5.3 %, Kanagawa: 3.6 %, Saitama: 2.1 %, Chiba: 4.0 % - All of these regions showed an increase compared to the previous year.
◆The Highest Roadside Land Price in Japan
Ginza 5-chome, Chuo-ku, Tokyo
/ Ginza Chuo-dori Ave
. (in front of Kyukyodo
) *For the 39th consecutive year
JPY 44.24 million per square meter (+3.6
% year-on-year)
◆Highest Price Increase Rate in Japan (Top 5)
Hakuba, Nagano: +32.1
%
Kikuyocho, Kumamoto: +24.0
%
Nishi-ku, Osaka: +19.3
%
Takayama, Gifu: +17.8
%
Asakusa, Taito-ku, Tokyo: +16.7
%
◆Main Factors
Strong demand from overseas visitors and redevelopment projects nationwide are pushing up prices.
*Roadside Land Prices : This refers to the price per square meter of a standard residential lot facing a road and is the basis for calculating inheritance tax and gift tax. This is assessed as of January 1st each year and is announced by the National Tax Agency (NTA) every July, half a year later.
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