Real Estate Prices in Major Cities Rise for Six Consecutive Terms - 2025 Q2 Report
Overview of Real Estate Price Trends in Major Cities
On August 29, 2025, the Ministry of Land, Infrastructure, Transport and Tourism released its quarterly report, confirming that real estate prices in major urban areas have risen consistently for six consecutive periods. This upward trend has been noted across both residential and commercial areas, depicting a robust market performance. In fact, residential land prices have increased for 13 consecutive terms, while commercial land prices have witnessed a rise for six consecutive terms. The data covers the period from April 1, 2025, to July 1, 2025.
Key Highlights
As in previous reports, all 80 surveyed districts recorded price increases without any signs of stagnation or decline. Notably, five districts experienced a rise in prices ranging from 3% to 6%, while the vast majority, 75 districts, saw more modest increases between 0% and 3%.
In the residential sector, the data shows a continuous upward movement over 13 consecutive terms, maintaining a stable performance across all 22 districts surveyed. Conversely, the commercial sector also demonstrated growth in all 58 districts over six periods, with some districts shifting in their rate of increase. For instance, one district moved from a growth rate of 3%-6% to 0%-3%, while another district experienced the opposite shift, indicating some variability within the overall upward trend.
Main Factors Driving Price Changes
Several factors have contributed to the ongoing rise in property values. For residential areas, the steady demand for apartments in locations recognized for their convenience and quality living conditions has anchored price growth. In commercial regions, robust demand for retail spaces and hotels, bolstered by a resurgence in both domestic and international tourism, has sustained price increases. Additionally, the demand for office spaces has remained resilient, further supporting the commercial real estate market.
Comparisons with Previous Periods
The report also sheds light on the changes in the number of districts experiencing price increases, stagnation, or declines over time. There has been a consistent upward trajectory across all scrutinized areas, which highlights the enduring strength of the real estate market, especially in major urban centers.
About the Chika LOOK Report
The Chika LOOK Report is a quarterly release by the Ministry of Land, Infrastructure, Transport and Tourism that delves into real estate price trends in high-demand urban areas. The survey encompasses 80 districts nationwide, broken down into 35 districts in the Tokyo area, 19 in the Osaka area, 8 in the Nagoya area, and 18 in provincial regions. The full report and additional details are available on the ministry's official website.
For detailed inquiries, interested parties are advised to contact:
- - Ministry of Land, Infrastructure, Transport and Tourism
- - Real Estate and Construction Economic Bureau
- - Land policy division, Mr. Komura
- - Phone: 03-5253-8111 (Internal 30323) or 03-5253-8377 directly.
Conclusion
The sustained increase in real estate prices reflects not only a recovering market but also indicates a growing confidence among investors in major urban areas. As demands for both residential and commercial properties continue to thrive, stakeholders in the real estate sector remain optimistic about future trends and developments.
Topics Consumer Products & Retail）
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