Key Facts
• Kanagawa Prefecture announced 2025 land price benchmarks as of July 1.
• Residential land prices increased by 3.3%, marking a fourth consecutive year of growth.
• Commercial land prices rose by 7.0%, while industrial land prices increased by 7.2%.
• 601 out of 660 residential sites saw price increases, 55 remained flat, and 4 declined.
• Yokohama City’s residential land prices rose by 3.4%, with Kanagawa Ward exceeding 5%.
• Kawasaki City’s residential land prices grew by 4.4%, with Saiwai and Takatsu Wards exceeding 5%.
• Sagamihara City’s residential land prices increased by 3.3%, with Hashimoto Station area showing strong growth.
• Non-designated cities like Chigasaki and Fujisawa saw over 5% increases in residential land prices.
• Commercial land in Yokohama rose by 8.1%, Kawasaki by 9.2%, and Sagamihara by 6.4%.
• Kamakura City recorded an 11% increase in commercial land prices, the highest among non-designated cities.
• All 40 industrial land sites recorded price increases, though the growth rate slowed to 7.2%.
Summary
Kanagawa Prefecture’s 2025 land price benchmarks reveal a continued upward trend in residential, commercial, and industrial land values. Residential land prices rose by 3.3%, driven by proximity to Tokyo and the enduring popularity of the Shonan region. Commercial land prices increased by 7.0%, supported by investment demand near Yokohama Station and growing tourism-related needs. Industrial land prices also rose by 7.2%, marking the 13th consecutive year of growth. Key areas such as Yokohama, Kawasaki, and Sagamihara showed notable increases, with specific wards and station areas benefiting from strong demand and accessibility. Non-designated cities like Kamakura and Chigasaki also experienced significant growth, particularly in commercial land prices. Despite the overall positive trend, some areas, such as Yamaki Town, saw minor declines. The data underscores the region’s economic vitality and its appeal to both residents and investors.
