Ishigaki

石垣市

Okinawa
105

Investment Index

Moderate Growth

Price trend: 176Volume: 16Price level: 60

Remote island premium destination with growing tourism, offering vacation rental properties, resort developments, and land investment opportunities in Japan's southern paradise.

What buyers actually paid vs listing site prices

Listing sites

~¥49,294/m²

→

Actual price

¥44,012.82/m²

-11%

* Listing price estimated based on typical asking-to-transaction gaps.

8,708transactions analyzed
MLIT government data
Updated Q3 2025
¥44,013/㎡ ($276/㎡)median
38transactions
Highconfidence

Market Trends

Prices have risen 191% over the displayed period. Check whether current momentum is sustainable.

Median price per m² and transaction volume from MLIT government data. Tap data points for details.

Official Land Price Trend

Government-appraised land value per m², assessed annually by MLIT (国土交通省 地価公示).

¥95,000/m²+5.6% YoY(2026)
YearPrice/m²Change
2026¥95,000+5.6%
2025¥90,000+8.4%
2024¥83,000+10.7%
2023¥75,000+13.6%
2022¥66,000+6.5%
2021¥62,000+1.6%
2020¥61,000+10.9%
2019¥55,000+14.6%
2018¥48,000+6.7%
2017¥45,000+2.3%
2016¥44,000-

Source: MLIT Official Land Price (地価公示). Assessed as of Jan 1 each year.

Market Evidence

Recent transaction samples from MLIT

These are actual sale prices recorded by the government — typically 5-15% below listing site prices.

4 of 50
Q3 2025Built 1998 (28y)
¥33,000,000
$206,858
160.0 m²|¥206,250/m²
Q3 2025
¥12,000,000
$75,221
180.0 m²|¥66,000/m²
Q3 2025
¥2,800,000
$17,552
70.0 m²|¥39,000/m²
Q3 2025
¥50,000,000
$313,421
9999.0 m²|¥4,500/m²

Showing 4 of 50 transactions.

Get the Full Transaction Records for Ishigaki

This report includes:

  • ✓All 50 actual transaction records with address, size, price, and building age
  • ✓Downloadable data for your own analysis
  • ✓Updated with latest MLIT quarterly releases
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* Data sourced from MLIT (Ministry of Land, Infrastructure, Transport and Tourism) public records. Sample transactions may not represent all market activity.

Ishigaki — Frequently Asked Questions

What is the difference between asking price and actual transaction price in Japan?
Listing sites show asking prices set by sellers. JRE shows actual transaction prices recorded by Japan's Ministry of Land (MLIT) after deals close. The gap is typically 10-20%. This means buyers usually pay significantly less than listed prices.
Can foreigners buy property in Ishigaki?
Yes. Japan has zero restrictions on foreign property ownership. No visa, residency, or citizenship is required. The buying process is identical for foreigners and Japanese citizens.
How reliable is the transaction data on JRE?
All transaction data comes from MLIT (Ministry of Land, Infrastructure, Transport and Tourism) — Japan's government agency. These are actual recorded sale prices, not estimates or asking prices. Data confidence for Ishigaki is High based on 38+ recorded transactions.
What is the median land price in Ishigaki?
Based on MLIT government records, the median actual transaction price for land in Ishigaki is ¥44,013/㎡ (approximately $276/㎡). This is the price buyers actually paid, not the asking price.
Are land prices rising or falling in Ishigaki?
Official 2026 land price data shows Ishigaki recorded a +5.6% change year-over-year. The national average was +2.8%. Ishigaki is outperforming the national average.
Is Ishigaki a good area to invest in Japanese real estate?
Ishigaki's Investment Index on JRE is 105, combining MLIT price trends, transaction volume, and price level vs the broader market (100 is neutral on the JRE index scale). For full analysis including history and building-age context, see the charts and evidence on this page.
How many property transactions were recorded in Ishigaki?
MLIT records show 38+ transactions in Ishigaki for the latest period on this page. Data confidence level: High. More transactions mean more reliable price benchmarks for investors.

Related Guides

→ Ishigaki Investment Guide 2026→ Japan's 2026 Foreign Investor Reporting Law→ Can Foreigners Buy Property in Japan?