Miyakojima
宮古島市
OkinawaInvestment Index
Significant Decline
Miyakojima's resort boom is attracting mainland investors. Limited transaction data, but notable price movement in recent years.
What buyers actually paid vs listing site prices
Listing sites
~¥21,280/m²
Actual price
¥19,000/m²
-11%
* Listing price estimated based on typical asking-to-transaction gaps.
Market Trends
Prices have fallen 19% over the displayed period. Potential entry opportunity — verify with full data.
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).
| Year | Price/m² | Change |
|---|---|---|
| 2026 | ¥82,000 | +6.5% |
| 2025 | ¥77,000 | +8.5% |
| 2024 | ¥71,000 | +11.8% |
| 2023 | ¥63,500 | +15.5% |
| 2022 | ¥55,000 | +7.8% |
| 2021 | ¥51,000 | +2% |
| 2020 | ¥50,000 | +13.6% |
| 2019 | ¥44,000 | +18.9% |
| 2018 | ¥37,000 | +5.7% |
| 2017 | ¥35,000 | +2.9% |
| 2016 | ¥34,000 | - |
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.
| Date | Price | Area | Price/㎡ | Built | Station |
|---|---|---|---|---|---|
| Q3 2025 | ¥4,300,000 $26,971 | 260.0 m² | ¥16,538 $104 | 2007 19 years | — |
| Q3 2025 | ¥6,600,000 $41,397 | 350.0 m² | ¥18,857 $118 | 1981 45 years | — |
| Q3 2025 | ¥1,300,000 $8,154 | 3400.0 m² | ¥382 $2 | N/A | — |
| Q3 2025 | ¥2,000,000 $12,545 | 260.0 m² | ¥7,800 $49 | N/A | — |
Showing 4 of 50 transactions.
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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.
Who Invests in Miyakojima
Typical Investor
Resort speculators, Okinawa tourism investors
Investment Thesis
Subtropical island with rapid tourism growth. Unique positioning in Japan's property market.
Key Risk
Extremely limited data. Remote management challenges. Weather exposure.