Land Price Trend for Hiroshima
Average Land Price by Municipality
Based on Land Price AppraisalReal Estate Market in Hiroshima
Regional FeatureMarket Overview
Hiroshima Prefecture is the economic and political center of the Chugoku region, with Hiroshima City forming the largest urban area in Chugoku and Shikoku regions. Real estate prices are at the highest level within the Chugoku region, with land prices rising particularly in Naka and Minami wards of Hiroshima. In 2024, Naka Ward saw 3-5% year-on-year increases.
Investment Highlights
As a Chugoku regional hub, Hiroshima sees active office building and commercial facility investments. Central Hiroshima and areas around JR Sanyo Shinkansen's Hiroshima Station see popular investment properties. Hiroshima also functions as a Chugoku designated city with stable rental demand.
Regional Characteristics
Hiroshima developed around the coast of Hiroshima Bay. Hiroshima City is the prefectural capital with concentrated commercial and business functions. Fukuyama City and Kure City have characteristics as industrial cities. Iwakuni City and Hatsukaichi City have developed as residential areas along the Sanyo Expressway.
Transportation
Hiroshima is a key point on JR Sanyo Shinkansen, connected to Tokyo in approximately 4 hours and Osaka in approximately 1.5 hours. JR Sanyo Main Line, Kabe Line, Geibi Line and more cover the prefecture with good access to major cities. Hiroshima Airport offers many flights to major domestic cities, offering high convenience for business and tourism.
Future Outlook
Projects including Hiroshima Station South Exit redevelopment and Hiroshima Peace Memorial Park area improvements are ongoing. Extension of Sanyo Expressway and expansion of international routes at Hiroshima Airport are expected to bring economic benefits from infrastructure improvements.