Fukuoka Prefecture’s land values rose for the 10th straight year, with an average increase of 3.7%, the fifth highest nationwide, according to the prefectural land price survey as of July 1. Growth, however, slowed from last year’s 5%, marking the first deceleration since 2020.
Residential land climbed 2.7%, its ninth consecutive rise, though slower than last year’s 3.8%. In Fukuoka City, residential land jumped 7.2%, second only to Tokyo’s 23 wards at 8.3%, driven by strong demand from both domestic and foreign buyers. New condominium prices averaged ¥53.44 million between January and July, up nearly 20% from 2019, while luxury units now often exceed ¥80 million. High costs have led to slower sales and increased vacancies.
Commercial land gained 5.1%, its 10th year of growth but weaker than last year’s 6.7%. Industrial land rose 8.6%, ranking third nationwide, supported by demand for logistics facilities, though this too slowed from 11.6% last year.
Rental prices are also surging. In July, average rents in Fukuoka City reached ¥57,931 for small units, ¥86,468 for mid-size, and ¥124,935 for family units—the latter up 17.2% year-on-year, the sharpest rise in Japan. Analysts warn affordability is worsening as land, construction, and financing costs rise, with foreign investment adding further upward pressure. Source: MLIT
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