The latest national “Land Price Survey” reveals that Fukuoka Prefecture recorded an average increase of 5% in land prices across all uses, ranking third nationwide. The survey, which assesses land prices as of July 1 each year, shows Fukuoka’s commercial land prices rose by 6.7%, while residential land increased by 3.8%. The growth is attributed to high demand for condominiums in Fukuoka City and its surrounding areas, driven by ongoing redevelopment. Additionally, industrial land prices saw a significant rise of 11.6%, the highest in Japan, fueled by demand for logistics facilities. Experts caution that while the market remains strong, there is concern over the potential impact of rising prices and interest rates on future sales. Source: Ministry of Land, Infrastructure, Transport and Tourism
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