Land Price Trend for Hokkaido
Average Land Price by Municipality
Based on Land Price AppraisalReal Estate Market in Hokkaido
Regional FeatureMarket Overview
Hokkaido is Japan's largest prefecture with abundant natural and tourist resources. Sapporo City is the economic and political center of the prefecture, with real estate prices at the highest level within the prefecture. In 2024, Toyosui-cho and Odori Nishi in Chuo Ward, Sapporo saw 3-5% year-on-year increases.
Investment Highlights
Hokkaido's high value as a tourist destination makes it active for vacation home and accommodation facility investments. Central Sapporo, as well as tourist areas like Otaru City, Noboribetsu City, and Lake Toya surroundings see popular investment properties. Sapporo also consistently ranks high in 'most desirable cities to live' with stable rental demand.
Regional Characteristics
Hokkaido's vast area means climate and industries vary greatly by region. Sapporo is the largest city in the prefecture with commerce and services as its main industries. Otaru is a tourist city, while Hakodate has a history as a port city. Eastern and northern regions of the prefecture see active agriculture and dairy farming.
Transportation
Sapporo offers good access to JR Hokkaido New Chitose Airport Station, about 40 minutes from the airport to the city center. JR Hakodate Main Line, Sassho Line, Chitose Line and more cover the prefecture with good access to major cities. The Doto Expressway is also well-developed for convenient car travel.
Future Outlook
Projects including Sapporo Station area redevelopment and Odori Park area improvements are ongoing. Recovery in inbound tourism and the extension of Hokkaido Shinkansen (scheduled for FY2031) are expected to bring economic benefits from infrastructure improvements.