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Market Chatter: Japan's Average Land Price Rises for Fifth Straight Year in 2026

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The average price of land in Japan rose 2.9% in 2026, marking the fifth straight year of growth, Kyodo reported Wednesday, citing data from the National Tax Agency.

Land prices were pushed up by redevelopment projects in urban areas and growing tourism, according to the report.

As of Jan. 1, the nationwide average price grew at the fastest pace since the calculation method was changed in 2010, the report said.

Of the total, 36 prefectures showed growth, with Tokyo clocking in the sharpest rise at 9.4%, followed by Okinawa at 6.6% and Osaka at 5.1%, while only eight of the country's 47 prefectures posted a decline, the report added.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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