Shimoyamatedoori, Chuo Ward, Kobe City: property prices and land values

下山手通(中央区)

Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)

Avg. residential land price
¥364K/m²
≈ $214/sq ft · 1 sites
#4 of 11 neighborhoods
Avg. commercial land price
¥859K/m²
≈ $504/sq ft · 4 sites
1-year change
+6.4%
Residential +5.5% · commercial +6.6%
5 years / 10 years
+16.1% / +44.1%
Same sites, chained
Pre-owned condos per m²
¥867K/m²
70 m² ≈ ¥60.7M · 94 sales
Pre-owned houses (median)
¥44.5M
≈ $281K · 6 sales
Real Estate Zukan Index
No data
Total real estate value Estimate
Coming soon

Map official land price survey sites

Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.

Price trend and forecast average chained from the same survey sites

¥200K/m²¥400K/m²¥600K/m²¥800K/m²¥1.00M/m²2006201020142018202220262036
ResidentialCommercialResidential forecast
Avg. residential land priceNow1 year3 years5 years10 years
Forecast Forecast
+3.3% a year
¥364K/m²¥376K/m²¥402K/m²¥429K/m²¥505K/m²

Forecasts are projections, not guarantees. 10-year range: ¥414K/m²–¥596K/m²

Shimoyamatedoori, Chuo Ward, Kobe City compared with larger areas

AreaAvg. residential≈ USD/sq ftShimoyamatedoori, Chuo Ward, Kobe City is1 year5 yearsCondos per m²Index
Shimoyamatedoori, Chuo Ward, Kobe City ¥364K/m²$214/sq ft +6.4%+16.1% ¥867K/m²—
Chuo Ward, Kobe City ¥386K/m²$226/sq ft 0.94x+6.5%+21.1% ¥700K/m²94
Kobe City ¥184K/m²$108/sq ft 2.0x+3.6%+14.2% ¥383K/m²—
Hyogo ¥138K/m²$81/sq ft 2.6x+2.2%+7.9% ¥343K/m²81
Japan ¥120K/m²$70/sq ft 3.0x+2.1%+8.0% ¥493K/m²—

Official land price survey sites highest first · 5 sites

LocationUsePrice per m²≈ USD/sq ft1 yearStation
兵庫県 神戸市中央区下山手通5丁目12番11
Land Price Publication 2026
Commercial¥1.13M/m²$663/sq ft +7.6%県庁前
110 m
兵庫県 神戸市中央区下山手通3丁目6番7外
Land Price Publication 2026
Commercial¥1.07M/m²$628/sq ft +8.1%元町
250 m
兵庫県 神戸市中央区下山手通2丁目12番29外
Land Price Publication 2026
Commercial¥663K/m²$389/sq ft +6.6%三ノ宮
630 m
兵庫県 神戸市中央区下山手通5丁目7番4外
Land Price Publication 2026
Commercial¥573K/m²$336/sq ft +4.2%元町
400 m
兵庫県 神戸市中央区下山手通7丁目2番6
Land Price Publication 2026
Residential¥364K/m²$214/sq ft +5.5%花隈
400 m

Transaction prices MLIT Real Estate Information Library · last 2 years · 103 sales

Condos per m² (median)
¥867K/m²
Condo price (median)
¥34.5M
Land & building (median)
¥44.5M
Land per m² (median)
¥520K/m²

Sales in the loaded period: Pre-owned condo 173 · Land & building 14 · Land 6

DistrictPeriodTypePriceAreaBuiltPer m²
ShimoyamatedooriQ2 2026Land & building (contract) ¥20.0M55 m²1996—
ShimoyamatedooriQ2 2026Pre-owned condo (contract) ¥20.0M75 m²2003¥267K/m²
ShimoyamatedooriQ2 2026Pre-owned condo (contract) ¥22.0M30 m²2008¥733K/m²
ShimoyamatedooriQ2 2026Pre-owned condo (contract) ¥47.0M75 m²2009¥627K/m²
ShimoyamatedooriQ2 2026Pre-owned condo (contract) ¥70.0M75 m²2008¥933K/m²
ShimoyamatedooriQ2 2026Pre-owned condo (contract) ¥160.0M125 m²2024¥1.28M/m²
ShimoyamatedooriQ2 2026Pre-owned condo (contract) ¥17.0M25 m²2021¥680K/m²
ShimoyamatedooriQ2 2026Pre-owned condo (contract) ¥9.8M55 m²1985¥178K/m²
ShimoyamatedooriQ2 2026Land ¥95.0M220 m²—¥440K/m²
ShimoyamatedooriQ2 2026Pre-owned condo ¥88.0M80 m²2024¥1.10M/m²
ShimoyamatedooriQ2 2026Land ¥230.0M390 m²—¥580K/m²
ShimoyamatedooriQ2 2026Pre-owned condo ¥70.0M70 m²2008¥1.00M/m²
ShimoyamatedooriQ2 2026Pre-owned condo ¥18.0M20 m²2011¥900K/m²
ShimoyamatedooriQ2 2026Pre-owned condo ¥53.0M90 m²1980¥589K/m²
ShimoyamatedooriQ1 2026Pre-owned condo (contract) ¥60.0M55 m²2012¥1.09M/m²
ShimoyamatedooriQ1 2026Pre-owned condo (contract) ¥7.8M30 m²1989¥260K/m²
ShimoyamatedooriQ1 2026Pre-owned condo (contract) ¥53.0M90 m²1980¥589K/m²
ShimoyamatedooriQ1 2026Pre-owned condo (contract) ¥90.0M80 m²2010¥1.12M/m²
ShimoyamatedooriQ1 2026Pre-owned condo (contract) ¥60.0M65 m²2008¥923K/m²
ShimoyamatedooriQ1 2026Pre-owned condo (contract) ¥84.0M75 m²2012¥1.12M/m²

Nearby neighborhoods

FAQ

What is the average land price in Shimoyamatedoori, Chuo Ward, Kobe City?

The average price of residential land in Shimoyamatedoori, Chuo Ward, Kobe City is ¥364,000 per m² (about ¥1,203,306 per tsubo), based on 1 sites in the official land price surveys (2026).

Are land prices in Shimoyamatedoori, Chuo Ward, Kobe City going up?

Land prices in Shimoyamatedoori, Chuo Ward, Kobe City have risen by +6.4% on average over the past year. Over five years the change is +16.1%.

How much do pre-owned condos cost in Shimoyamatedoori, Chuo Ward, Kobe City?

The median price of pre-owned condo transactions in the last two years is ¥866,666 per m², with a median price of ¥34.5 million (94 transactions, MLIT Real Estate Information Library).

What is the land price forecast for Shimoyamatedoori, Chuo Ward, Kobe City?

The Fudosan Zukan model projects residential land prices to change by +3.3% a year, reaching about ¥505,286 per m² in 10 years (range ¥414,335–¥596,237). Forecasts are projections, not guarantees.

Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥158.25 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.