Chapter 5 Land-price Trends in 2005 - based on 2006 Published Land Prices(Date)

1)	With regard to the three metropolitan areas, the majority of sites (i.e. standard sites designated for assessment in terms of "published land-prices") showed that land-prices either increased or leveled-off in the city-center areas of central cities in the major regions, including the "Tokyo Wards Area", Osaka City, Kyoto City and Nagoya City. Within these areas, there were sites which showed higher increase ratios reflecting their high profitability and convenience. However, most of the other sites showed that land-prices had either slightly increased or leveled-off. Comparing the current land-price levels with the past, land for residential use was at the price-level of around 1980, while land for commercial use was at levels seen before 1974. In suburban areas, we observed the emergence of sites or the increase in the number of sites where land-prices had risen mainly in areas near the city-center areas and in areas with good convenient transport to/from the city-center areas. In other areas, however, land-prices continued to decline - although the extent of the decline had diminished.
2)	In localized areas, the extent of land-price decline had also diminished for land for residential use and for commercial use. In the central cities in local regions, there also emerged an increasing number of sites where land-prices had increased. And in a very limited number of main local cities, there were sites where land-prices had increased or leveled-off. In other local areas, however, land-prices have continued to decline, although the extent of the decline has diminished.

As explained above, with regard to land-price trends based on Published Land Prices for this year, generally speaking the trend of declining land-prices continued as a whole. However, a recovery trend can be seen in city-center areas within the large cities, and the early signs of a recovery trend are starting to be observed in certain parts of the main local cities in local regions.

Land-price trends in the various regions were as follows:

Chart 5-1-1	2006 Year-on-year Rates of Change in Published Land Prices

(%)

		Lands for Residential Use			Lands for Commercial Use
		2004	2005	2006	2004	2005	2006
Japan		△5.7	△4.6	△2.7	△7.4	△5.6	△2.7
Three Metropolitan Areas		△5.7	△3.7	△1.2	△5.8	△3.2	1.0
	Tokyo Area	△4.7	△3.2	△0.9	△4.5	△2.5	1.0
	Osaka Area	△8.0	△5.2	△1.6	△8.8	△5.0	0.8
	Nagoya Area	△4.9	△3.3	△1.3	△6.0	△3.3	0.9
Local Area		△5.7	△5.4	△4.2	△8.7	△7.5	△5.5

Note:	The three metropolitan areas include the Tokyo area, Osaka area and Nagoya area
	Local areas:	Areas other than the above
	Tokyo Area:	Cities, wards, towns and villages area including existing Built-up Area and Suburban Development and Redevelopment Area based on the "National Capital Region Development Act"
	Central Five Wards Area:	Chiyoda, Chuo, Minato, Shinjuku and Shibuya Wards
	Osaka Area:	Cities, towns and villages area including existing Built-up Areas and Suburban Development and Redevelopment Areas based on the "Kinki Region Development Act"
	Nagoya Area:	Cities, towns and villages area including existing Urban Improvement Area based on the "Chubu Region Development Act"

Chart 5-1-2

Trends of Locations where land prices increased, leveled off or almost leveled off

(points of land)

			increased (0%<price. change ratio)
								173
						123
	17	83	171	86	47	5	77	43	0
48	122	361	44	81	51	333	217	5
	4	31	455	31	192	46	470	271	0
2	12	166	18	86	28	177	98	0
	0	7	156	3	15	122	304	273	17
0	2	96	3	13		152	142	18
	0	12	137	6	19	224	958	923	587
					37
Kawasaki City		0	9	146	0	22	67	925	870	687
0	4	37	0	1	26	235	231	171
		0	2	115	7	42	86	1,063	1,007	862
0	0	29	0	6	35	189	182	131
		0	0	69	0	17	25	192	168	93
		0	0	9	0	0	16	56	55	30
		10	54	226	2	78	110	1,054	918	714
2	3	66	0	3	25	165	157	71
		0	6	44	0	16	34	196	171	115
		0	0	17	0	1	13	39	37	7
		0	3	133	1	12	162	1,369	1,345	1,065
0	12	135	5	7	46	366	348	183
		0	2	61	1	6	20	250	242	171
		0	12	127	5	6	8	193	185	66
		0	1	22	1	3	3	25	22	0
		0	12	120	5	6	3	124	115	8
		0	14	62	0	3	21	340	318	250
0	0	22	0	0	6	54	57	29
		0	4	266	0	48	32	371	313	68
0	0	36	0	1	6	60	59	19
		0	0	65	0	18	52	258	230	129
0	10	68	3	16	17	96	74	16
		0	0	55	0	16	28	97	76	9
		0	10	59	3	16	4	60	37	0
	0	38	348	13	81	203	1,230	1,120	688
	11	36	187	5	39	74	493	425	237
		0	24	257	2	28	82	391	337	49
		11	35	185	4	27	38	264	213	49
		0	13	64	6	40	71	303	255	172
		0	1	2	1	12	34	98	85	63
		1	29	148	11	63	75	347	259	127
0	9	88	5	33	25	145	109	39
		1	6	24	6	9	21	214	198	171
1	3	27	3	4	16	72	71	34

New Roman" height="51">leveled New Roman" height="51">almost height="37">2004 height="37">2005 height="37">2006 height="37">2004 height="37">2005 height="37">2006 height="37">2004 height="37">2005 height="37">2006 New Roman" colspan="2" height="40">Tokyo >residential 21 121 782 120 254 851 587 17 >commercial 50 136 623 65 180 662 457 23 rowspan="6" height="135">　 rowspan="2" height="46">Central >residential >commercial rowspan="2" height="41">South >residential >commercial rowspan="2" height="40">North >residential >commercial 44 rowspan="2" colspan="2" height="38">Tama >residential >commercial 0 5 45 4 11 175 161 99 rowspan="2" align="center"> >residential >commercial rowspan="2" align="center"> >residential >commercial align="center"> align="center"> >residential >commercial rowspan="2" align="center"> >residential >commercial align="center"> align="center"> >residential >commercial rowspan="2" align="center"> >residential >commercial align="center"> align="center"> >residential >commercial align="center"> align="center"> >residential >commercial rowspan="2" align="center"> >residential >commercial rowspan="2" align="center"> >residential >commercial rowspan="2" align="center"> >residential >commercial align="center"> align="center"> >residential >commercial colspan="2" align="center"> >residential >commercial align="center"> align="center"> >residential >commercial align="center"> >residential >commercial rowspan="2" align="center"> >residential >commercial rowspan="2" align="center"> >residential >commercial

1. General Conditions in the Tokyo Area

(1) Land for Residential Use

The extent of land-price decline has diminished for four consecutive years, and average land-prices have leveled off.
In Tokyo Prefecture, average land-prices increased for the first time in 15 years since 1991.
In the "Tokyo Wards Area", average land-prices have also increased for the first time since 1991, with average land prices largely increasing in Wards such as Minato and Shibuya.
At almost all sites in the "Tokyo Wards Area" that are designated for published land-pricing, land-prices have either increased or leveled-off. Within the city-center areas (with their high demand for condominium apartments) and in traditionally high class residential areas (with excellent living environments), some sites showed land-price increases above 20%. Comparing current land-prices in Minato Ward with past prices, the level achieved was around that of 1979.
With regard to suburban-area prices, in areas near the city-center areas and in areas with a high-level of transport convenience to the city-center areas, the average land-price increased, including in Mitaka City, Chofu City, Omiya and Urawa Wards in Saitama City, Tachikawa City, Nakahara and Saiwai Wards in Kawasaki City, Aoba and Tsuduki Wards in Yokohama City, in addition to Urayasu City and Mihama Ward in Chiba City. We also observed in Kunitachi City, Funabashi City and other cities the emergence of sites where land prices had increased.
With the impact of new railway lines, average land-prices increased at a high rate in Moriya City, and increased as well in Yachiyo City and other locations.
Other than the areas above, land-prices continued to decline at many sites. Within the "Tokyo Area", land-prices declined at more than 60% of sites.

(2) Land for Commercial Use

Average land-prices have increased for the first time in 15 years since 1991.
In Tokyo Prefecture and in the "Tokyo Wards Area" average land-prices increased for the first time in 15 years since 1991. Average land-prices increased at high ratio in particular wards including Minato and Shibuya Wards.
At almost all sites designated for published land-pricing in the "Tokyo Wards Area", land-prices either increased or leveled-off. In city-center areas with highly concentrated and flourishing commercial facilities, there were some sites which showed land-price increases above 30%. Comparing current land-prices with past prices in Minato Ward, the level achieved was around that of 1978.
In the suburban areas in Tokyo prefecture, average land-prices increased in central cities within their trading zones, such as Musashino City and Tachikawa City.
In core cities within regional trading zones, such as Yokohama City, Omiya Ward in Saitama City, Chuo Ward in Chiba City and Kashiwa City, there was an increase in the number of sites where land-prices has either risen or leveled off within central commercial area.
With the impact of new railway lines, sites emerged in Moriya City where land-prices had increased.
Other than the areas above, land-prices continued to decline at many sites. Within the "Tokyo Area" land-prices declined at more than 40% of sites.

Chart 5-1-3

Rates of Change in the Tokyo Area

(%)

				Lands for Residential Use		Lands for Commercial Use
				2005 1st January 2004 ～ 1st January 2005	2006 1st January 2005 ～ 1st January 2006	2005 1st January 2004 ～ 1st January 2005	2006 1st January 2005 ～ 1st January 2006
Tokyo prefecture				△1.7	0.8	△0.9	3.0
	Tokyo Wards Area			△0.3	2.2	△0.5	3.7
			Central Wards Area	0.9	6.3	△0.3	5.0
			South West Wards Area	△0.2	1.5	△0.3	2.8
			North East Wards Area	△0.9	0.9	△1.3	1.1
	Tama Area			△3.1	△0.7	△2.7	0.0
Kanagawa Prefecture				△3.7	△1.8	△4.4	△1.8
		Yokohama City		△3.2	△1.4	△4.1	△1.4
		Kawasaki City		△2.8	△0.2	△3.7	△0.5
		Other Areas		△4.3	△2.8	△5.0	△2.9
Saitama Prefecture				△3.4	△1.6	△3.8	△1.5
		Saitama City		△1.8	△0.1	△3.4	△0.5
		Other Areas		△4.9	△2.7	△6.0	△3.1
Chiba Prefecture				△4.2	△1.2	△4.8	0.2
		Chiba City		△4.2	△1.1	△4.4	0.5
		Other Areas		△4.2	△1.3	△4.9	0.2
Ibaraki Prefecture				△7.8	△4.5	△8.9	△6.3
Tokyo Area				△3.2	△0.9	△2.5	1.0

Source:	"Published Land Prices" by Ministry of Land, Infrastructure and Transport
Note1:	"Central Wards Area" includes Chiyoda Ward, Chuo Ward, Minato Ward, Shinjuku Ward, Bunkyo Ward, Taito Ward, Shibuya Ward and Toshima Ward. "South West Wards Area" includes Shinagawa Ward, Meguro Ward, Ota Ward, Setagaya Ward, Nakano Ward, Suginami Ward and Nerima Ward. "North East Wards Area" includes Sumida Ward, Koto Ward, Kita Ward, Arakawa Ward, Itabashi Ward, Adachi Ward, Katsushika Ward and Edogawa Ward.
Note2:	"Near Tokyo Area in Saitama Prefecture" includes Saitama City, Tokorozawa City, Sayama City, Warabi City, Toda City, Kawagoe City, Kawaguchi City, Hatogaya City, Asaka City, Shiki City, Wako City, Niiza City, Fujimi City, Kamifukuoka City, Oi Town and Miyoshi Town.
Note3:	"Near Tokyo Area in Chiba Prefecture" includes Ichikawa City, Urayasu City, Chiba City, Funabashi City, Matsudo City, Narashino City, Kashiwa City, Nagareyama City and Yachiyo City.

2. General Conditions in the Osaka Area

(1) Land for Residential Use

The extent of land-price decline has diminished for three consecutive years.
In Osaka City, the extent of land-price decline has diminished for three consecutive years, and average land-prices have leveled off. In Wards such as Abeno and Tennoji, average land-prices have increased.
Within the "Central Six Wards Area" in Osaka City, all sites designated for published land-pricing showed land-price increases. Comparing current land-prices with past prices in Tennoji Ward, the level achieved was around that of 1982.
Within the "Hanshin Area" (between the central areas of Osaka City and Kobe City) average land-prices have increased in most of the cities and wards, including Ashiya City, Nishinomiya City and Nada Ward in Kobe City, located near the center of either Osaka City or Kobe City, and with excellent residential environments.
With regard to suburban areas, in Moriguchi City and Shijo-Nawate City (both with good convenient access to/from the center of Osaka City) average land-prices either increased or leveled off.
In Kyoto City more than half of the City's Wards, including Kamigyo and Sakyo Wards, experienced average land-price increases.
Within "Central Five Wards Area" in Kyoto City, almost all sites designated for published land-pricing showed land-prices increasing or leveling off. Comparing current land-prices with past prices in Sakyo Ward, the level reached was around that of 1982.
In Hyuga City and Nagaokakyo City, located near Kyoto City, average land-prices increased slightly.
Other than the areas above, land-prices continued to decline at many sites. Within the "Osaka Area" land-prices declined at more than 70% of sites.

(2) Land for Commercial Use

Average land-prices increased for the first time in 15 years since 1991.
In Osaka City, average land-prices increased for the first time in 15 years since 1991. Average land-prices also increased in Wards such as Chuo Ward and Kita Ward.
Within "Central Six Wards Area" in Osaka City, almost all sites designated for published land-pricing showed land-price as increasing or leveling off. Near the Osaka Station also, where urban renaissance approaches have been promoted, some sites showed more than 20% increase in land prices. Comparing current land-prices with past prices in Chuo Ward, the level achieved was pre-1974.
In Kyoto City, average land-prices increased for the first time in 15 years since 1991.In particular, average land-prices increased in Wards near the center of Kyoto, such as Nakagyo and Shimogyo Wards.
Within "Central Five Wards Area" in Kyoto City, all sites designated for published land-pricing showed that land-prices had increased or leveled off. Comparing current land-prices with past prices in Chuo Ward, the level achieved was pre-1974
Other than the areas above, land-prices continued to decline at many sites. Within the "Osaka Area" land-prices declined at more than 50% of sites.

Chart 5-1-4

Rates of Change in the Osaka Area

(%)

				Lands for Residential Use		Lands for Commercial Use
				2005 1st January 2004 ～ 1st January 2005	2006 1st January 2005 ～ 1st January 2006	2005 1st January 2004 ～ 1st January 2005	2006 1st January 2005 ～ 1st January 2006
Osaka prefecture				△5.3	△1.9	△5.2	1.2
	Osaka City			△3.6	△0.5	△4.2	3.4
			Central Six Wards	△1.3	1.7	△3.3	6.0
	North Osaka			△5.1	△1.8	△6.7	△1.5
	East Osaka			△5.2	△1.0	△5.9	△0.6
	South Osaka			△6.4	△3.1	△6.6	△2.6
Hyogo Prefecture				△4.2	△0.8	△4.6	△0.3
		Kobe City		△5.8	△2.9	△4.7	△0.6
			East Four Wards	△2.1	0.8	△4.1	0.4
		Hanshin Area		△2.7	1.2	△4.5	0.1
Kyoto Prefecture				△5.7	△1.4	△3.8	3.2
		Kyoto City		△4.6	△0.2	△3.3	4.1
			Central Five Wards	△2.4	2.2	△1.1	6.6
		Other Areas		△7.2	△2.8	△6.4	△2.3
Nara Prefecture				△5.9	△2.8	△7.0	△3.5
		Nara City		△5.7	△2.2	△5.9	△2.4
Osaka Area				△5.2	△1.6	△5.0	0.8

Source:	"Published Land Prices" by Ministry of Land, Infrastructure and Transport
Note1:	"Central Six Wards in Osaka City" include Kita Ward, Fukushima Ward, Chuo Ward, Nishi ward, Tennoji Ward, and Naniwa Ward.
Note2:	"North Osaka" includes Toyonaka City, Suita City, Settsu City, Ikeda City, Mino-o City, Ibaraki City, Takatsuki City, Shimamoto Town, Toyono Town, Nose Town. "East Osaka" includes Hirakata City, Neyagawa City, Katano City, Moriguchi City, Kadoma City, Shijonawate City, Daito City, Higashiosaka City, Yao City, Kashiwara City. "South Osaka" includes areas in Osaka Prefecture other than Osaka City, "North Osaka" and "East Osaka".
Note3:	"East Four Wards in Kobe City" include Higashinada Ward, Nada Ward, Hyogo Ward and Chuo Ward.
Note4:	"Hanshin Area" includes Amagasaki City, Nishinomiya City, Ashiya City, Itami City, Takarazuka City, Kawanishi City, Sanda City and Inagawa Town.
Note5:	"Central Five Wards in Kyoto City" include Kita Ward, Kamigyo Ward, Sakyo Ward, Nakagyo Ward and Shimogyo Ward.

3 . General Conditions in the Nagoya Area

(1) Land for Residential Use

The extent of land-price decline has diminished for three consecutive years.
In Nagoya City, average land-prices increased for the first time in 15 years since 1991. In more than half of Nagoya's wards, including Higashi and Chikusa Wards, average land-prices increased.
In Nagoya City, almost all sites designated for published land-pricing showed that land-prices had increased or leveled off. Comparing current land-prices with past prices in Higashi Ward, the level achieved was the same for prices around 1982.
In areas adjacent to Nagoya City, such as Toyoake City in eastern part of the Owari Area, and in cities within the Nishimikawa Area like Aki City, where local economies are strong, average land-prices increased slightly.
Other than the areas above, land-prices continued to decline at many sites. Within the "Nagoya Area" land-prices declined at sites of around 60%.

(2) Lands for Commercial Use

The average land-prices increased for the first time in 15 years since 1991.
In Nagoya City, the average land-prices increased for the first time in 15 years since 1991. Particularly, the average land-prices increased more than 10% in Nakamura and Naka Wards.
Also in Nagoya City, around 80% sites designated for published land-pricing showed land-price increase or leveled off. Particularly, in areas where accumulation of commercial facilities is progressing near the Nagoya Station and in Sakae Area, there were sites which showed land-price increases above 30%. Compared the current land-prices with past ones in Nakamura Ward, the level was before 1974.
Other than these areas above, land-prices continued to decline at many sites. Within the "Nagoya Area" land-prices declined at around 50% of sites.

Chart 5-1-5

Rates of Change in the Nagoya Area

( %)

			Lands for Residential Use		Lands for Commercial Use
			2005 1st January 2004 ～ 1st January 2005	2006 1st January 2005 ～ 1st January 2006	2005 1st January 2004 ～ 1st January 2005	2006 1st January 2005 ～ 1st January 2006
Aichi Prefecture			△2.9	△0.9	△3.0	1.4
	Nagoya City		△2.1	1.4	△1.9	5.0
	Owari Area		△3.7	△2.4	△5.4	△3.9
	Nishi Mikawa Area		△2.2	△0.5	△2.5	△1.2
	Chita Area		△4.6	△3.3	△6.8	△5.2
Mie Prefecture			△6.8	△4.6	△7.8	△5.8
		Yokkaichi City	△7.4	△4.7	△8.6	△6.0
Nagoya Area			△3.3	△1.3	△3.3	0.9

Source:

"Published Land Prices" by Ministry of Land, Infrastructure and Transport

Note:

The areas in Aichi are as follows:
"Near Nagoya Area" includes Nagakute Town, Owariasahi City, Toyoake City, Togo Town, Nisshin City, Seto City, Kasugai City, Nishibiwajima Town, Toyoyama Town, Shikatsu Town, Nishiharu Town, Haruhi Town, Kiyosu Town, Shinkawa Town, Shippo Town, Jimokuji Town, Oharu Town and Kanie Town.
"Owari Area" includes Inuyama City, Komaki City, Fuso Town, Oguchi Town, Ichinomiya City, Konan City, Iwakura City, Kisogawa Town, Bisai City, Inazawa City, Sobue Town, Heiwa Town, Miwa Town, Saori Town, Hachikai Village, Tatsuta Village, Tushima City, Saya Town, Yatomi Town, Jushiyama Village and Tobishima Village.
"Nishi Mikawa Area" includes Okazaki City, Hekinan City, Kariya City, Toyota City, Anjo City, Nishio City, Chiryu City, Takahama City, Isshiki Town, Kira Town, Hazu Town, Kota Town and Miyoshi Town.
"Chita Area" includes Tokai City, Obu City, Chita City, Higashiura Town, Agui Town, Tokoname City, Handa City, Taketoyo Town, Mihama Town and Minamichita Town.

4. General Conditions in Local Areas

(l) Land for Residential Use

The extent of land-price decline has diminished for two consecutive years across Local Areas.
Of the central cities in local regions, average land-prices increased in Sapporo City. In Sendai City, Hiroshima City and Fukuoka City, we observed the emergence of sites where land-prices had increased or the number of sites exhibiting higher land-prices had increased.
In the main local cities, against a background of improving convenience through the development of built-up areas, and the realization of reasonable land-prices in premium, traditionally high-class residential areas, we observed the emergence of sites which showed an increase in land-prices and also sites where there had been a leveling-off in land-prices in these cities, including Shizuoka City.
In other local cities including Kusatsu City, we observed the emergence of sites showing both increased and leveled-off land-prices. There were still many sites, however, which exhibited land-price decline, based on a background of weak supply and demand conditions mainly in suburban areas, due to declining population and the effects of new supply of developed lands in suburban areas.

(2) Lands for Commercial Use

The extent of land-price decline has diminished for three consecutive years.
Of the central cities in local regions, average land-prices increased in Sapporo City. In Sendai City, Hiroshima City and Fukuoka City, we observed emergence of sites where land-prices had increased or the number of sites exhibiting higher land-prices had increased. In Sapporo City and Fukuoka City, in particular, some sites showed land-price increases of over 10%.
In the main local cities against a background of promoting urban renaissance projects and the development of traffic infrastructure, we observed the emergence of sites where land-prices had increased in these cities (including Okayama City), and also sites in cities where land-prices had leveled off (including Kanazawa City).
In other local cities, although the extent of land-price decrease had diminished, there were many sites which still showed a large decline in land-prices in their central and neighboring commercial areas. This was largely due to their declining attractiveness to consumers caused by the effects of withdrawals by large scale commercial facilities, and the advent of large-scale suburban retailers in other, newer locations.

Chart 5-1-6

Rates of Change in Local Cities with Populations of not less than 100,000

( %)

city name		lands for residential use		lands for commercial use
city name		2005	2006	2005	2006
Hokkaido Sapporo city	◎	△3.8	0.1	△2.4	2.1
ditto Hakodate City		△4.7	△3.7	△4.0	△2.8
ditto Otaru City		△10.2	△11.8	△8.4	△9.3
ditto Asahikawa City		△5.6	△6.6	△9.0	△7.1
ditto Kushiro City		△4.1	△5.8	△8.4	△9.5
ditto Obihiro City		△4.1	△3.9	△7.0	△6.5
ditto Kitami City		△1.2	△1.8	△8.5	△9.4
ditto Tomakomai City		△9.7	△8.3	△12.4	△12.7
ditto Ebetsu City		△8.3	△7.4	△8.3	△7.5
Aomori Prefecture Aomori City		△3.7	△4.1	△10.1	△9.9
ditto Hirosaki City		△4.2	△4.4	△10.7	△7.8
ditto Hachinohe City		△4.4	△4.8	△11.9	△10.4
Iwate Prefecture Morioka City		△5.9	△6.2	△9.3	△8.9
ditto Hanamaki City		△1.5	△1.7	△6.8	△5.7
ditto Ichinoseki City		△2.7	△3.4	△9.1	△9.3
Miyagi Prefecture Sendai City	◎	△6.7	△4.8	△8.8	△2.6
ditto Ishinomaki City		△7.0	△6.9	△9.4	△8.2
Akita Prefecture Akita City		△7.4	△7.0	△13.0	△12.3
ditto Yokote City		△3.3	△4.4	△15.3	△12.1
Yamagata Prefecture Yamagata City		△7.0	△7.2	△10.3	△7.9
ditto Tsuruoka City		△3.5	△3.9	△9.9	△8.7
ditto Sakata City		△4.8	△5.5	△6.6	△7.6
Fukushima Prefecture Fukushima City		△4.3	△3.7	△7.7	△5.5
ditto Aizu Wakamatsu City		△6.9	△5.0	△5.7	△4.2
ditto Koriyama City		△6.6	△4.6	△7.2	△4.4
ditto Iwaki City		△4.6	△4.3	△10.6	△6.7
Ibaraki Prefecture Mito City		△6.9	△5.7	△11.9	△6.2
ditto Hitachi City		△6.8	△5.3	△10.1	△7.6
ditto Tsuchiura City		△10.5	△9.5	△15.2	△10.7
ditto Koga City		△7.7	△5.9	△8.7	△8.5
ditto Tsukuba City		△5.3	△2.7	△6.2	△0.5
ditto Hitachinaka City		△5.8	△6.5	△6.9	△5.9
ditto Chikusei City		△6.9	△6.7	△8.9	△7.7
Tochigi Prefecture Utsunomiya City		△6.0	△3.8	△10.3	△7.1
ditto Ashikaga City		△7.5	△6.2	△9.1	△8.5
ditto Sano City		△6.2	△5.3	△8.3	△7.2
ditto Kanuma City		△5.1	△4.4	△6.3	△6.0
ditto Oyama City		△8.4	△6.2	△11.0	△7.9
ditto Nasu Shiobara City		△5.9	△5.8	△10.8	△9.0
Gunma Prefecture Maebashi City		△6.1	△3.9	△9.6	△7.6
ditto Takasaki City		△5.3	△3.1	△8.3	△5.5
ditto Kiryu City		△5.2	△4.2	△7.0	△4.7
ditto Isezaki City		△4.6	△3.7	△6.5	△5.2
ditto Ota City		△4.9	△3.5	△7.4	△4.2
Saitama Prefecture Fukaya City		△5.1	△2.9	△8.8	△5.5
Niigata Prefecture Niigata City		△7.9	△4.9	△9.8	△6.4
ditto Nagaoka City		△6.0	△3.2	△8.3	△5.9
ditto Sanjo City		△5.5	△2.8	△8.5	△7.5
ditto Shibata City		△7.7	△5.7	△10.5	△8.7
ditto Joetsu City		△2.9	△2.5	△6.0	△5.3
Toyama Prefecture Toyama City		△8.4	△5.0	△10.6	△6.3
ditto Takaoka City		△7.2	△4.3	△11.6	△7.0
Ishikawa Prefecture Kanazawa City		△8.3	△4.8	△10.9	△5.4
ditto Komatsu City		△7.4	△4.4	△10.7	△7.1
ditto Hakusan City		△5.7	△3.4	△8.1	△5.5
Fukui Prefecture Fukui City		△6.4	△5.5	△11.7	△7.5
Yamanashi Prefecture Kofu City		△10.8	△7.6	△13.8	△8.6
Nagano Prefecture Nagano City		△6.7	△5.6	△7.7	△4.9
ditto Matsumoto City		△6.9	△6.0	△7.8	△6.3
ditto Ueda City		△7.5	△7.4	△11.2	△7.7
ditto Iida City		△3.7	△3.5	△6.7	△5.9
ditto Saku City		△5.8	△5.5	△9.3	△9.1
Gifu Prefecture Gifu City		△7.9	△5.6	△8.5	△6.1
ditto Ogaki City		△6.2	△4.8	△9.4	△5.7
ditto Tajimi City		△8.6	△6.3	△9.9	△8.1
ditto Kakamigahara City		△7.4	△6.0	△8.4	△6.9
Shizuoka Prefecture Shizuoka City		△4.1	△2.5	△3.6	△1.0
ditto Hamamatsu City		△2.9	△0.5	△4.8	△1.9
ditto Numazu City		△5.4	△3.9	△6.6	△4.7
ditto Mishima City		△6.4	△4.6	△5.9	△3.6
ditto Fujinomiya City		△5.7	△3.7	△4.6	△2.5
ditto Fuji City		△5.0	△3.2	△3.1	△2.0
ditto Iwata City		△3.1	△2.0	△4.6	△2.8
ditto Yaizu City		△4.9	△4.2	△7.9	△5.9
ditto Kakegawa City		△3.4	△2.9	△4.1	△3.1
ditto Fujieda City		△6.5	△5.6	△8.0	△7.5
Aichi Prefecture Toyohashi City		△5.8	△4.4	△8.1	△6.0
ditto Toyokawa City		△4.8	△2.2	△5.8	△4.0
Mie Prefecture Tsu City		△5.1	△4.6	△7.4	△5.8
ditto Ise City		△4.1	△3.0	△9.6	△5.3
ditto Matsuzaka City		△4.2	△3.1	△12.0	△6.7
ditto Suzuka City		△6.8	△5.9	△8.7	△8.3
Shiga Prefecture Otsu City		△5.1	△1.8	△5.8	△0.9
ditto Hikone City		△4.2	△2.6	△6.7	△3.7
ditto Kusatsu City		△4.8	△1.5	△4.8	△0.2
ditto Higashiomi City		△3.5	△2.0	△5.2	△3.0
Hyogo Prefecture Himeji City		△9.7	△5.2	△12.2	△5.3
ditto Akashi City		△7.2	△3.6	△6.6	△4.8
ditto Kakogawa City		△8.1	△5.0	△8.8	△5.6
Wakayama Prefecture Wakayama City		△8.0	△5.9	△9.2	△5.8
Tottori Prefecture Tottori City		△5.9	△5.6	△9.1	△7.0
ditto Yonago City		△6.9	△5.6	△8.5	△6.7
Shimane Prefecture Matsue City		△1.9	△1.9	△10.0	△7.2
ditto Izumo City		△0.9	△0.6	△5.4	△5.4
Okayama Prefecture Okayama City		△5.8	△3.1	△4.3	△0.7
ditto Kurashiki City		△5.5	△3.7	△5.8	△4.2
ditto Tsuyama City		△4.7	△3.2	△6.1	△4.3
Hiroshima Prefecture Hiroshima City	◎	△6.4	△4.2	△7.6	△2.9
ditto Kure City		△4.0	△4.3	△7.6	△6.5
ditto Mihara City		△3.4	△3.8	△5.4	△4.4
ditto Onomichi City		△5.5	△4.5	△5.9	△4.7
ditto Fukuyama City		△6.2	△5.6	△8.6	△7.3
ditto Higashi hiroshima City		△4.7	△4.4	△6.0	△5.4
ditto Hatsukaichi City		△6.1	△5.8	△6.3	△6.2
Yamaguchi Prefecture Shimonoseki City		△6.0	△4.7	△9.8	△6.5
ditto Ube City		△5.4	△4.5	△6.2	△5.4
ditto Yamaguchi City		△4.1	△3.7	△6.0	△4.3
ditto Hofu City		△5.5	△4.9	△9.0	△7.7
ditto Iwakuni City		△7.3	△6.6	△9.5	△6.9
ditto Shunan City		△8.0	△5.8	△10.1	△7.1
Tokushima Prefecture Tokushima City		△6.9	△6.3	△9.6	△7.8
Kagawa Prefecture Takamatsu City		△7.3	△7.4	△11.0	△8.6
ditto Marugame City		△5.6	△6.3	△8.9	△8.8
Ehime Prefecture Matsuyama City		△3.5	△2.0	△4.7	△2.2
ditto Imabari City		△7.5	△6.5	△7.7	△5.5
ditto Niihama City		△8.3	△2.4	△9.5	△3.0
ditto Saijo City		△10.8	△3.8	△13.0	△5.8
Kochi Prefecture Kochi City		△1.3	△1.9	△8.1	△7.4
Fukuoka Prefecture Kita Kyushu City		△4.2	△4.7	△8.8	△8.8
ditto Fukuoka City	◎	△5.3	△3.0	△5.3	△0.6
ditto Omuta City		△6.1	△5.8	△11.2	△10.8
ditto Kurume City		△5.4	△4.6	△9.2	△7.5
ditto Kasuga City		△6.4	△5.7	△9.7	△7.4
Saga Prefecture Saga City		△3.3	△3.0	△7.8	△6.2
ditto Karatsu City		△2.2	△2.3	△5.1	△5.0
Nagasaki Prefecture Nagasaki City		△7.4	△6.7	△9.7	△7.5
ditto Sasebo City		△5.3	△5.2	△8.2	△6.9
ditto Isahaya City		△6.0	△6.4	△8.3	△8.3
Kumamoto Prefecture Kumamoto City		△6.2	△6.5	△7.0	△6.5
ditto Yatsushiro City		△5.3	△5.1	△7.6	△9.4
Oita Prefecture Oita City		△5.5	△4.7	△8.3	△5.7
ditto Beppu City		△6.9	△6.7	△8.2	△5.7
Miyazaki Prefecture Miyazaki City		△1.4	△1.9	△6.4	△6.2
ditto Miyakonojo City		△1.3	△1.1	△3.2	△2.7
ditto Nobeoka City		△0.9	△0.9	△3.8	△3.4
Kagoshima Prefecture Kagoshima City		△1.4	△1.4	△3.7	△2.1
ditto Kanoya City		△1.4	△2.7	△4.7	△5.0
ditto Satsuma Sendai City		△3.1	△2.6	△3.7	△3.9
ditto Kirishima City		△2.4	△2.4	△5.3	△4.2
Okinawa Prefecture Naha City		△5.3	△3.8	△5.8	△2.7
ditto Urasoe City		△4.8	△3.2	△4.3	△2.4
ditto Okinawa City		△4.9	△3.8	△8.1	△5.8
ditto Uruma City		△3.6	△3.4	△6.3	△5.6

Source:

"Published Land Prices" by Ministry of Land, Infrastructure and Transport

Note :

In the cities where municipal mergers ware completed, the above rates of change for 2005 were revised based on the designated land-points (within subject cities, towns and villages) that were used for calculating published land prices in 2005 - i.e. before the municipal mergers.
The cities covered in this chart are those with populations of not less than 100,000 (as of 31 March 2005).
◎ indicates "central cities in local regions"
○ indicates "cities surrounding the three metropolitan areas"

Chapter 5	Land-price Trends in 2005 - based on 2006 Published Land Prices (data)

	Average year-on-year land-prices across Japan continued to decline, but the extent of the decline has diminished in the case of land for residential use and land for commercial use.