Land Price Trend for Aichi
Average Land Price by Municipality
Based on Land Price AppraisalReal Estate Market in Aichi
Regional FeatureMarket Overview
Aichi Prefecture is a concentration of manufacturing industries, home to Toyota Motor Corporation and other manufacturers. The real estate market centered on Nagoya City is supported by a stable economic base, with land prices showing steady growth. In 2024, Chuo and Higashi wards in Nagoya saw 3-5% year-on-year increases.
Investment Highlights
Aichi offers relatively low inheritance tax valuations and good investment property yields. Condominium investments in Sakae and Fushimi areas of Nagoya, as well as around Kanayama and Nagoya Station are popular. Rental demand for workers in Toyota City, Kariya City, and other manufacturing cities remains stable.
Regional Characteristics
Aichi is the gateway to central Japan and a transportation hub. Nagoya has a unique urban structure with three centers: Sakae (entertainment district), Nagoya Station (transport terminal), and Kanayama (residential/commercial area). The Chita Peninsula and Nishimikawa region host auto-related industries.
Transportation
Nagoya is a Shinkansen hub located almost midway between Tokyo and Osaka. JR Tokaido Shinkansen, Tokaido Line, Meitetsu, and Kintetsu lines cover the area. Nagoya Station is a massive terminal used by approximately 800,000 people daily. Chubu Centrair International Airport is easily accessible.
Future Outlook
Expectations are high for the opening of the Linear Chuo Shinkansen (scheduled for 2027). Redevelopment projects around Nagoya Station and new factory construction accompanying the automotive industry's EV transition point to medium-to-long-term economic growth and a solid real estate market outlook.