ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Foreign visitors drive rise in Japan's land prices

Niseko ski resort, Kyoto and Okinawa are home to the fastest appreciating property

Land prices rose sharply in Kyoto's Gion district on strong demand driven by growing numbers of tourists. 

TOKYO -- A growing flood of visitors from overseas and numerous new urban redevelopment projects continued to drive demand for land in Japan, which propelled prices upward for the third consecutive year in 2017, the National Tax Agency said Monday.

A plot in Tokyo's Ginza shopping district was the most expensive land in Japan for the 33rd straight year, and prices rose sharply in other tourist destinations and downtowns popular with foreign visitors, including Hokkaido's Niseko ski resort, Kyoto and Okinawa.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more