Total real estate value by country

The value of all land, dwellings and other buildings and structures in each country, from national balance sheets, converted to yen and US dollars.

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

Total of 17 countries
$227.7T
≈ ¥35,803.7 trillion
#1 United States
$88.3T
38.8% of the total (2026-Q2)
Japan: #3
¥3,398.9 trillion
≈ $21.6T · end of 2024

Largest real estate markets top 15 · in yen

¥13,891.3 trillion
¥3,692.9 trillion
¥3,398.9 trillion
¥3,082.4 trillion
¥2,458.0 trillion
¥2,395.6 trillion
¥1,972.2 trillion
¥1,547.9 trillion
¥1,000.2 trillion
¥883.0 trillion
¥461.3 trillion
¥444.5 trillion
¥245.2 trillion
¥184.9 trillion
¥81.6 trillion

All countries 17 · largest first

RankCountryTotal value≈ USDLandDwellingsOther buildingsShareYear
1 United States
$88,339.0B
¥13,891.3 trillion $88.3T — — — 38.8% 2026-Q2
private sector
2 Germany
€20,997.7B
¥3,692.9 trillion $23.5T ¥1,345.9 trillion ¥1,481.8 trillion ¥865.2 trillion 10.3% 2024
3 Japan ¥3,398.9 trillion $21.6T ¥1,510.5 trillion ¥527.6 trillion ¥1,360.8 trillion 9.5% 2024
4 France
€17,526.8B
¥3,082.4 trillion $19.6T ¥1,521.6 trillion ¥1,063.1 trillion ¥497.7 trillion 8.6% 2025
5 United Kingdom
£11,653.4B
¥2,458.0 trillion $15.6T ¥1,501.3 trillion ¥532.7 trillion ¥424.0 trillion 6.9% 2024
6 South Korea
KRW 20,324,394.0B
¥2,395.6 trillion $15.2T ¥1,492.3 trillion ¥312.2 trillion ¥591.1 trillion 6.7% 2025
7 Australia
AUD 17,813.1B
¥1,972.2 trillion $12.5T ¥1,148.5 trillion ¥359.5 trillion ¥464.2 trillion 5.5% 2024
8 Canada
CAD 13,729.6B
¥1,547.9 trillion $9.8T ¥718.1 trillion ¥515.8 trillion ¥314.0 trillion 4.3% 2025
9 Mexico
MXN 119,577.9B
¥1,000.2 trillion $6.4T ¥68.1 trillion ¥476.8 trillion ¥455.2 trillion 2.8% 2024
10 Netherlands
€5,020.6B
¥883.0 trillion $5.6T ¥432.1 trillion ¥254.5 trillion ¥196.4 trillion 2.5% 2024
11 Sweden
SEK 28,788.9B
¥461.3 trillion $2.9T ¥179.3 trillion ¥128.1 trillion ¥153.9 trillion 1.3% 2025
12 Austria
€2,527.4B
¥444.5 trillion $2.8T ¥179.7 trillion ¥143.3 trillion ¥121.5 trillion 1.2% 2023
13 Czechia
CZK 33,939.9B
¥245.2 trillion $1.6T ¥70.4 trillion ¥99.9 trillion ¥74.9 trillion 0.7% 2025
14 Finland
€1,051.3B
¥184.9 trillion $1.2T ¥37.0 trillion ¥81.1 trillion ¥66.8 trillion 0.5% 2024
15 Slovakia
€464.0B
¥81.6 trillion $518.9B ¥20.5 trillion ¥29.4 trillion ¥31.7 trillion 0.2% 2024
16 Croatia
€228.2B
¥40.1 trillion $255.2B ¥3.5 trillion ¥11.8 trillion ¥24.9 trillion 0.1% 2020
17 Estonia
€135.1B
¥23.8 trillion $151.1B ¥6.5 trillion ¥6.6 trillion ¥10.6 trillion 0.1% 2023

Converted at the latest exchange rates. Land, dwellings and other buildings are year-end stocks for the total economy (households, businesses and government), current prices. The United States does not publish land in its national balance sheet, so its figure is the market value of real estate held by households, nonprofits and businesses (excluding government) from the Federal Reserve's Financial Accounts. Japan uses the Cabinet Office National Accounts.

Countries without land values (reference) dwellings + other buildings only

CountryDwellings + buildings≈ USDYear
Italy¥1,023.1 trillion$6.5T2024
Spain¥803.5 trillion$5.1T2023
Russia¥607.1 trillion$3.9T2019
Belgium¥278.2 trillion$1.8T2025
Denmark¥189.2 trillion$1.2T2025
Israel¥183.7 trillion$1.2T2024
Poland¥145.4 trillion$924.8B2023
Ireland¥138.1 trillion$878.1B2024
Chile¥136.8 trillion$870.2B2025
Hungary¥127.9 trillion$813.4B2023
Portugal¥124.7 trillion$793.1B2023
Romania¥109.5 trillion$696.1B2023
Greece¥78.6 trillion$500.1B2023
New Zealand¥59.2 trillion$376.5B2017
Bulgaria¥49.9 trillion$317.6B2023
Luxembourg¥29.4 trillion$187.3B2023
Lithuania¥28.7 trillion$182.7B2023
Slovenia¥28.1 trillion$178.8B2024
Latvia¥14.7 trillion$93.3B2022

FAQ

Which country has the most valuable real estate?

United States, at about ¥13,891 trillion ($88.3T), among the 17 countries that publish land values in their national balance sheets.

Sources: OECD National Accounts, balance sheets for non-financial assets (CC BY 4.0); Board of Governors of the Federal Reserve System, Financial Accounts of the United States (Z.1), via FRED; Cabinet Office, Government of Japan, National Accounts. Converted and compiled by Fudosan Zukan. Valuation methods differ between countries; compare as a guide.

← Home prices around the world