As of January, the national land price, including residential and commercial land, increased by 0.6% compared to last year, rising for the first time in two years.
According to the Ministry of Land, Infrastructure, Transport and Tourism surveyed, "while the impact of the new corona is gradually mitigating, there is an overall tendency for land prices to recover."
(A list of land price volatility in each prefecture is posted at the end of the article)
According to the "Public Land Price Announcement," which the Ministry of Land, Infrastructure, Transport and Tourism examines prices as of January 1, targeting approximately 26,000 points nationwide, the overall average of residential and commercial areas is positive compared to last year. It was 0.6%.
The rise is the first in two years.
By use,
▽ residential area increased by 0.5% and
▽ commercial area increased by 0.4%, both of which started to rise for the first time in two years.
In addition, the land prices of the "three major metropolitan areas" in Tokyo, Osaka, and Nagoya are
▽ overall average + 0.7%,
▽ residential area + 0.5%,
▽ commercial land + 0.7%, which is also the first time in two years. It was a rise.
On the other hand, the land prices of the "4 regional cities" in Sapporo, Sendai, Hiroshima, and Fukuoka, which continued to rise last year, were
▽ overall average of + 5.8%,
▽ residential area + 5.8%,
▽ commercial land + 5.7%. , We have expanded the range of increase.
Regarding this result, the Ministry of Land, Infrastructure, Transport and Tourism states that "while the effects of the new coronavirus are gradually mitigating, there is an overall tendency for land prices to recover."
The points where the rate of increase / decrease is large
Kitahiroshima City, Hokkaido, ranked high in both residential and commercial areas in terms of the rate of increase in land prices compared to last year.
First is the residential area.
▽ 1st place was Kitahiroshima City Kyoeicho 1-chome plus 26.0%,
▽ 2nd place was Kitahiroshima City Misawa 3-chome plus 23.7%,
▽ 3rd place was Kitahiroshima City Higashi Kyoei 2-chome plus 21.6%.
A new stadium for professional baseball Nippon-Ham is scheduled to open in Kitahiroshima City next year, and it is said that demand for land is increasing from the perspective that it is cheaper than the neighboring city of Sapporo.
Next, the rate of increase in land prices for commercial land is
▽ 1st place is 1-chome, Sakae-cho, Kitahiroshima-shi plus 19.6%,
▽ 2nd place is 1-8.3% plus 1-chome, Central 2-chome, Kitahiroshima-shi,
▽ 3rd place is Hakata-ku, Fukuoka city .
It was plus 18.0% of Gionmachi.
Redevelopment is progressing in the center of Fukuoka city, and it seems that land prices are being pushed up.
On the other hand, the rate of decline was the highest in Japan at
▽ Residential area was minus 8.1% at 3-chome, Tairashimohirakubo, Iwaki City, Fukushima Prefecture.
▽ In the commercial area, -15.5% in Dotonbori 1-chome, Chuo-ku, Osaka has the highest rate of decline in Japan, and the impact of the decline in foreign tourists is strong.
Kitahiroshima City, Hokkaido "Successful housing sales, shortage of residential land"
Kitahiroshima City, Hokkaido, accounted for seven of the top 10 residential areas in Japan.
According to the Ministry of Land, Infrastructure, Transport and Tourism, the number of newly constructed condominiums and apartments in Kitahiroshima City last year was 163, and the number of detached houses was 209, an increase of 85% and 27% from the previous year, respectively.
In the background of the increase, a new baseball and Nippon Ham stadium will open in March next year, and a large-scale complex building is planned to be built at the west exit of JR Kitahiroshima Station, so housing demand is expected to increase. May have been.
Of these, the condominiums located about 80 meters from the new stadium sold out on the same day when about 60% of the 118 units were released last month.
In some rooms, the magnification was more than 10 times.
Kei Okubo, Deputy Branch Manager of the Hokkaido branch of ES-CON Japan, the real estate company that sold the product, said, "The buyer can imagine the future lifestyle and expect future development." The effect is considerable. "
Sales of not only condominiums but also single-family homes are strong, and some say that housing lots are already running short.
According to a real estate company in Kitahiroshima City, in areas where detached houses are lined up in the city, there is a movement to reduce the size of the site per unit to about half and increase the number of units by that amount.
For this reason, the company focused on the increasing number of vacant houses, especially in areas with many elderly people.
As the number of residential land in the city decreases, we expect that the demand for individuals to buy, remodel, and rebuild vacant houses will increase, so we would like to increase the mediation of sales of vacant houses and secure profits.
Yoshishi Haneda, president of JMP Sunrise, a real estate company, said, "By utilizing vacant houses, we can solve the shortage of residential land, and when new people settle in, the area will become more lively."
The highest price point is
The highest land price in Japan was in Akasaka 1-chome, Minato-ku, Tokyo, where the price was 5 million yen per square meter.
The highest price was the fifth consecutive year, up 3.3% from last year.
The demand for land for luxury condominiums is strong.
The commercial area was "Yamano Music Ginza Main Store" in Ginza 4-chome, Chuo-ku, Tokyo, and the price was 53 million yen per square meter.
This is the highest price for 16 consecutive years, but it has fallen 1.1% from last year, reflecting the decline in foreign tourists due to the impact of the new Corona.
On the other hand, in the industrial area, the highest price was 714,000 yen per square meter of "Tokai 2-chome, Ota-ku, Tokyo" for 10 consecutive years.
The reason is that the demand for logistics facilities for online shopping is increasing.
Newly built condominium bubble economy exceeded record high
Supporting land prices is the high demand for condominiums.
According to the research company "Real Estate Economic Research Institute", the average price per unit of newly built condominiums released in the three prefectures of Tokyo, Kanagawa, Saitama, and Chiba last year was 62.6 million yen during the bubble economy. It has reached a record high since 1990.
Of these, the average price per unit in the 23 wards of Tokyo is 82.93 million yen, and demand for condominiums in central Tokyo is particularly high.
● Minato Ward's sales are strong.
The rate of increase in land prices in residential areas has increased from 0.3% last year to 2.4% in Minato Ward, Tokyo.
A 32-story tower condominium is now on sale in the Shibaura area of Minato Ward.
In this condominium, about half of the properties have sales prices of over 100 million yen, but sales are strong.
Takao Matsumoto, Group Leader of the Tokyu Land Corporation, said, "I feel that it sells mainly to families who commute to central Tokyo such as Minato Ward and Shinagawa Ward, and is highly evaluated for its convenience and asset value." I did.
● Condominiums in the metropolitan area are also popular
As the selling prices of condominiums in the central area are soaring, demand for condominiums is also increasing in the areas around the metropolitan area.
Takatsu Ward, Kawasaki City, where the rate of increase in land prices for residential areas increased from 0.2% last year to 1.1%.
Near Tsudayama Station on the JR Nambu Line, construction of a 6-story condominium is underway for completion in August next year.
It is a 3LDK type with an area of 68 square meters and the selling price is 49.79 million yen.
Since it is cheaper than properties in the city center, there are strong inquiries mainly from families in their 30s and 40s, and 30 of the 37 units that started selling from last month have already been contracted.
A man in his 40s who decided to purchase a 3LDK type property said, "Rooms in central Tokyo are getting smaller. In addition to the increase in remote work with the new Corona, it is also possible to let two children play at home. With that in mind, I chose a property that fits the conditions of room size and price. "
Yuki Suda, sales office manager of the Daiwa House Industrial Condominium Division, said, "Since the spread of the new corona infection, the number of people who place importance on size when choosing a house has increased. Now, many inquiries have been received from people living in the city center. I feel that I'm starting to look at properties in the suburbs. "
Expert "Beware of Inflation Concerns"
Yuto Daito, senior director of Jones Lang LaSalle, which conducts real estate surveys and consulting on the announcement of land prices this year, said, "While overseas economic recovery is ahead, expectations are ahead of expectations in the Japanese real estate market as well. Has begun to appear and is recovering at a considerably faster speed than past crises such as the Lehman shock. While working from home has become widespread and the number of foreign tourists has decreased, investment in offices and hotels has been refrained, while at home. Demand for work space has increased. Investment in housing has also expanded, and land prices in residential areas are being supported by both the consumers who actually purchase the property and the investment. "
Regarding the fact that demand for condominiums remains high, "In Japan, the environment of ultra-low interest rates continues and it is easy to borrow, which is motivating the purchase of condominiums. Furthermore, investment funds are expanding due to global monetary easing. However, the background is that investment funds are flowing into the market in combination with actual demand. However, condominium prices in the city center are soaring and becoming out of reach, and it is also popular with easy-to-access suburban housing. Has spread and prices are rising. "
On top of that, regarding the outlook for the future, "The world situation is confusing and the outlook is uncertain, but at least concerns about inflation due to high energy and high resources must be carefully watched. In the future, it will depend on the infection situation. It is important for the real estate market how to manage economic activities without doing so. "
Land price fluctuations in residential areas
The graph showing the volatility of land prices in residential areas in each prefecture is as follows.
Land price fluctuations in commercial land
The graph below shows the volatility of commercial land in each prefecture.