Where land prices are falling in Japan

Municipalities ranked by the lowest average year-on-year change of survey sites.

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

RankAreaFallingAvg. residential5 yearsIndex
1701Mihama Ward
Chiba City, Chiba
+6.3% ¥198K/m² +32.4% 90
1702Nakahara Ward
Kawasaki City, Kanagawa
+6.4% ¥474K/m² +26.4% 95
1703Warabi City
Saitama
+6.4% ¥324K/m² +27.8% 91
1704Hayama Town
Kanagawa
+6.4% ¥176K/m² +23.5% 86
1705Edogawa Ward
Tokyo
+6.4% ¥439K/m² +24.6% 95
1706Chuo Ward
Kobe City, Hyogo
+6.5% ¥386K/m² +21.1% 94
1707Ishigaki City
Okinawa
+6.5% ¥52K/m² +40.4% 83
1708Minami Ward
Fukuoka City, Fukuoka
+6.6% ¥232K/m² +42.9% 92
1709Adachi Ward
Tokyo
+6.6% ¥413K/m² +26.2% 95
1710Nerima Ward
Tokyo
+6.6% ¥476K/m² +23.1% 95
1711Kamigyo Ward
Kyoto City, Kyoto
+6.6% ¥480K/m² +26.6% 92
1712Kiyama Town
Saga
+6.6% ¥42K/m² +32.7% 77
1713Tsukuba City
Ibaraki
+6.6% ¥90K/m² +21.9% 88
1714Atsuta Ward
Nagoya City, Aichi
+6.7% ¥278K/m² +36.1% 89
1715Toda City
Saitama
+6.7% ¥320K/m² +30.5% 92
1716Jonan Ward
Fukuoka City, Fukuoka
+6.7% ¥213K/m² +43.6% 90
1717Nago City
Okinawa
+6.8% ¥36K/m² +22.3% 77
1718Rankoshi Town
Hokkaido
+6.9% ¥9,100/m² +20.1% 66
1719Kanagawa Ward
Yokohama City, Kanagawa
+7.0% ¥335K/m² +29.6% 95
1720Chikuzen Town
Fukuoka
+7.1% ¥32K/m² +34.9% 71
1721Tachikawa City
Tokyo
+7.1% ¥309K/m² +24.5% 93
1722Chuo Ward
Fukuoka City, Fukuoka
+7.2% ¥567K/m² +57.9% 97
1723Hisayama Town
Fukuoka
+7.2% ¥43K/m² +35.1% 74
1724Setagaya Ward
Tokyo
+7.2% ¥777K/m² +24.6% 97
1725Katsushika Ward
Tokyo
+7.2% ¥387K/m² +25.9% 95
1726Abeno Ward
Osaka City, Osaka
+7.3% ¥403K/m² +25.1% 93
1727Sasaguri Town
Fukuoka
+7.3% ¥83K/m² +42.8% 78
1728Kamagaya City
Chiba
+7.3% ¥108K/m² +18.9% 84
1729Kitanakagusuku Village
Okinawa
+7.4% ¥93K/m² +43.5% 82
1730Kokubunji City
Tokyo
+7.5% ¥346K/m² +24.6% 93
1731Haebaru Town
Okinawa
+7.6% ¥118K/m² +29.7% 81
1732Chuo Ward
Chiba City, Chiba
+7.6% ¥166K/m² +29.8% 92
1733Motobu Town
Okinawa
+7.7% ¥21K/m² +19.6% 71
1734Sawara Ward
Fukuoka City, Fukuoka
+7.7% ¥273K/m² +51.4% 95
1735Nishi Ward
Fukuoka City, Fukuoka
+7.7% ¥147K/m² +45.0% 91
1736Kunitachi City
Tokyo
+7.8% ¥422K/m² +25.2% 91
1737Tomigusuku City
Okinawa
+7.8% ¥123K/m² +38.8% 86
1738Ginowan City
Okinawa
+8.0% ¥147K/m² +33.8% 87
1739Hakata Ward
Fukuoka City, Fukuoka
+8.0% ¥267K/m² +71.3% 96
1740Furano City
Hokkaido
+8.1% ¥35K/m² +30.4% 84
1741Miyota Town
Nagano
+8.1% ¥22K/m² +11.4% 72
1742Tennoji Ward
Osaka City, Osaka
+8.2% ¥714K/m² +29.8% 95
1743Kawasaki Ward
Kawasaki City, Kanagawa
+8.2% ¥340K/m² +33.3% 96
1744Nishinari Ward
Osaka City, Osaka
+8.2% ¥219K/m² +24.9% 87
1745Higashiyodogawa Ward
Osaka City, Osaka
+8.5% ¥251K/m² +26.4% 91
1746Ota Ward
Tokyo
+8.5% ¥635K/m² +31.1% 97
1747Joto Ward
Osaka City, Osaka
+8.6% ¥315K/m² +32.3% 93
1748Matsudo City
Chiba
+8.8% ¥174K/m² +27.3% 90
1749Nakagyo Ward
Kyoto City, Kyoto
+8.9% ¥388K/m² +33.8% 96
1750Tsurumi Ward
Osaka City, Osaka
+8.9% ¥274K/m² +29.6% 91
1751Yodogawa Ward
Osaka City, Osaka
+9.0% ¥288K/m² +30.3% 94
1752Nishi Ward
Yokohama City, Kanagawa
+9.1% ¥382K/m² +36.3% 96
1753Onna Village
Okinawa
+9.2% ¥42K/m² +47.9% 79
1754Shimogyo Ward
Kyoto City, Kyoto
+9.2% ¥320K/m² +37.4% 95
1755Miyakojima Ward
Osaka City, Osaka
+9.3% ¥370K/m² +31.1% 93
1756Miyakojima City
Okinawa
+9.5% ¥28K/m² +71.8% 80
1757Moriya City
Ibaraki
+9.6% ¥133K/m² +36.7% 93
1758Naka Ward
Yokohama City, Kanagawa
+9.7% ¥406K/m² +34.8% 96
1759Minami Ward
Kyoto City, Kyoto
+9.7% ¥229K/m² +38.8% 93
1760Higashinari Ward
Osaka City, Osaka
+9.8% ¥290K/m² +35.3% 93
1761Itabashi Ward
Tokyo
+9.9% ¥560K/m² +33.1% 97
1762Nakafurano Town
Hokkaido
+10.5% ¥8,167/m² +11.4% 63
1763Chatan Town
Okinawa
+10.6% ¥175K/m² +31.5% 85
1764Suginami Ward
Tokyo
+10.8% ¥726K/m² +39.3% 98
1765Niseko Town
Hokkaido
+10.8% ¥22K/m² +64.7% 83
1766Kyogoku Town
Hokkaido
+10.9% ¥9,250/m² +43.4% 71
1767Kutchan Town
Hokkaido
+11.1% ¥86K/m² +44.7% 93
1768Ginoza Village
Okinawa
+11.1% ¥20K/m² +44.8% 68
1769Higashiyama Ward
Kyoto City, Kyoto
+11.3% ¥351K/m² +38.8% 92
1770Chitose City
Hokkaido
+11.7% ¥64K/m² +103.3% 92
1771Chiyoda Ward
Tokyo
+12.2% ¥3.88M/m² +42.3% 97
1772Shibuya Ward
Tokyo
+12.3% ¥1.84M/m² +44.4% 99
1773Fukushima Ward
Osaka City, Osaka
+12.4% ¥524K/m² +44.8% 96
1774Nakano Ward
Tokyo
+12.7% ¥785K/m² +46.5% 98
1775Chuo Ward
Tokyo
+13.0% ¥1.91M/m² +42.0% 99
1776Kita Ward
Tokyo
+13.0% ¥736K/m² +45.4% 98
1777Nagareyama City
Chiba
+13.1% ¥211K/m² +48.3% 94
1778Shinjuku Ward
Tokyo
+13.2% ¥1.13M/m² +45.9% 99
1779Koto Ward
Tokyo
+13.2% ¥694K/m² +43.7% 99
1780Meguro Ward
Tokyo
+13.5% ¥1.37M/m² +46.1% 98
1781Kita Ward
Osaka City, Osaka
+13.5% ¥558K/m² +48.0% 98
1782Karuizawa Town
Nagano
+13.5% ¥83K/m² +55.4% 90
1783Shinagawa Ward
Tokyo
+13.8% ¥1.24M/m² +46.5% 99
1784Arakawa Ward
Tokyo
+13.9% ¥745K/m² +47.4% 98
1785Sumida Ward
Tokyo
+13.9% ¥621K/m² +45.5% 98
1786Toshima Ward
Tokyo
+13.9% ¥935K/m² +48.3% 99
1787Chuo Ward
Osaka City, Osaka
+14.1% ¥711K/m² +48.1% 99
1788Higashikawa Town
Hokkaido
+14.4% ¥15K/m² +34.4% 75
1789Minato Ward
Tokyo
+14.6% ¥3.03M/m² +44.7% 99
1790Naniwa Ward
Osaka City, Osaka
+14.9% ¥416K/m² +50.5% 96
1791Nishi Ward
Osaka City, Osaka
+15.5% ¥651K/m² +62.5% 98
1792Bunkyo Ward
Tokyo
+15.7% ¥1.44M/m² +52.5% 99
1793Taito Ward
Tokyo
+18.5% ¥1.20M/m² +60.5% 99
1794Nozawaonsen Village
Nagano
+23.0% ¥30K/m² +79.3% 72
1795Hakuba Village
Nagano
+27.4% ¥14K/m² +89.3% 69

1795 areas · calculated Nov 3, 2026. Wards of designated cities are counted separately; areas with few survey sites are excluded.

Based on Japan's official land price surveys and MLIT transaction data, aggregated by Fudosan Zukan. Forecasts and the index are Fudosan Zukan indicators. Prices in Japanese yen.