Key Facts
• On July 16, Chiba Prefecture announced land price benchmarks as of July 1.
• Average fluctuation rate for all uses: +3.7%, average price: ¥133,200 per square meter.
• Growth rate positive for 11 consecutive years, though commercial and industrial land growth slowed.
• Residential land: +3.3% (up 0.1 points YoY); commercial land: +4.8% (down 0.2 points YoY); industrial land: +8.2% (down 1.7 points YoY).
• Nagareyama City ranked first in all-use growth rate at +12.1%, followed by Matsudo City (+8.3%) and Mihama Ward, Chiba City (+8.0%).
• Residential land leader: Nagareyama City (+12.5%) for the second year, driven by demand along the Tsukuba Express line.
• Commercial land leader: Funabashi City (+9.5%), followed by Nagareyama City (+8.6%) and Chuo Ward, Chiba City (+8.4%).
• Industrial land leader: Narashino City (+16.7%).
• Decline leaders: Choshi City (-2.8%), Nagara Town (-1.0%), and Kujukuri Town (-1.0%).
• Ichinomiya Town’s residential land rose by +2.4%, supported by surfing and dual-residence popularity.
• Tateyama City’s fluctuation rate stabilized due to improved road networks.
• Analyst Yoshitaka Takamatsu predicts steady trends if interest rate hikes remain moderate.
Summary
Chiba Prefecture’s land price benchmarks, as of July 1, 2025, show an 11th consecutive year of positive growth, with an average fluctuation rate of +3.7% and an average price of ¥133,200 per square meter. While residential land saw a slight increase in growth (+3.3%), commercial and industrial land growth rates slowed due to rising construction costs. Nagareyama City led all-use growth at +12.1%, driven by high residential demand along the Tsukuba Express line. Funabashi City topped commercial land growth (+9.5%), while Narashino City led industrial land growth (+16.7%). Declines were noted in Choshi City (-2.8%) and other rural areas, though Ichinomiya Town and Tateyama City showed resilience due to local factors. Analyst Yoshitaka Takamatsu forecasts continued stability if interest rate hikes remain gradual.
