Miyakojima
宮古島市
OkinawaInvestment Index
Significant Decline
Emerging resort island destination with strong rental yield potential, featuring beachfront properties, vacation rental developments, and land investment opportunities in one of Japan's most beautiful tropical locations.
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 $26,954 | 260.0 m² | ¥16,538 $104 | 2007 19 years | — |
| Q3 2025 | ¥6,600,000 $41,372 | 350.0 m² | ¥18,857 $118 | 1981 45 years | — |
| Q3 2025 | ¥1,300,000 $8,149 | 3400.0 m² | ¥382 $2 | N/A | — |
| Q3 2025 | ¥2,000,000 $12,537 | 260.0 m² | ¥7,800 $49 | N/A | — |
Showing 4 of 50 transactions.
Get the Full Transaction Records for Miyakojima
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
* Data sourced from MLIT (Ministry of Land, Infrastructure, Transport and Tourism) public records. Sample transactions may not represent all market activity.