CONCIERIA, the property brand of CLEARTH LIFE in Tokyo

“2025 Roadside Land Prices ” were announced

The National Tax Agency (NTA) has announced the nationwide roadside land prices for 2025, clearly indicating a trend of rising land values across the country.

In particular, urban areas and tourist destinations are experiencing notable increases, driven by the recovery of inbound demand and progress in redevelopment projects. The national average increase was 2.7% year-on-year, while Tokyo saw a significant rise of 8.1%, both marking high levels of growth.

◆National Increase Rate

(Figures in parentheses indicate the increase from 2023 to 2024)
National average: +2.7% (+2.3%) *Fourth consecutive year of increase
Tokyo: +8.1% (+5.3%)
Okinawa: +6.3% (+5.6%)
Fukuoka: +6.0% (+5.8%)
Miyagi: +4.4% (+5.1%)
Kanagawa: +4.4% (+3.6%)
Osaka: +4.4% (+3.1%)

◆ Highest Increases in Land Price (Top 3 Locations)

1st Place: Hokujo, Hakuba Village, Nagano Prefecture (+32.4%)
　　　　   Background: Surge in foreign tourists and rising demand for resort properties.

2nd Place: Kitanomine-cho, Furano City, Hokkaido (+30.2%)
　　　　   Background: Recovery in tourism and progress in accommodation development.

3rd Place: Asakusa, Taito-ku, Tokyo (+29.0%)
　　　　   Background: Rapid rebound in inbound consumer activity.

*Reference: Separate table in the NTA press release (Regional Taxation Bureau, Tax Office, etc.)

◆ Highest Land Prices in Tokyo

[Price – Top 3 Most Expensive Locations]

1st Place: Ginza 5-chome, Chuo-ku (Ginza Chuo-dori Street, in front of Kyukodo)
JPY 48.08 million/m² (+8.7%)
*Highest land price in Japan for 40 consecutive years; sets a new record.

2nd Place: Udagawacho, Shibuya-ku (Shibuya Station Side Street)
JPY 34.40 million/m² (+6.7%)

3rd Place: Shinjuku 3-chome, Shinjuku-ku (Shinjuku Street)
JPY 32.56 million/m² (+5.4%)

[Price Change Rate – Top 3 Locations with Largest Increases]

1st Place: Asakusa 1-chome, Taito-ku (Kaminarimon Street)
JPY 5.78 million/m² (+29.0%)

2nd Place: Senju 3-chome, Adachi-ku (Kita-Senju Station West Exit Station Square Street)
JPY 7.02 million/m² (+26.0%)

3rd Place: Nakano 5-chome, Nakano-ku (Nakano Station North Exit Station Square)
JPY 6.86 million/m² (+24.7%)

The rise in land values reflects the recovery of tourism demand and the impact of redevelopment in urban areas. This trend is particularly evident in central Tokyo's 23 wards and in resort destinations across regional areas. These developments highlight increasing interest in the Japanese real estate market, both domestically and internationally, with further growth expected in the future.
From an investment perspective, focusing on areas with strong growth potential and responding flexibly to market conditions can contribute to future asset appreciation. In particular, urban areas undergoing redevelopment and tourist destinations with expected inbound demand are likely to experience stable rental demand and increases in asset values over time. Fluctuations in the Roadside Land Prices serve not only as indicators for taxation purposes but also as key data points for understanding market trends and making informed investment decisions.