Nomura Real Estate Solutions Announces 2026 Q2 Residential Land Price Index Based on Proprietary Market Survey

Key Points of This Press Release

1. The Greater Tokyo Area's fluctuation rate is +0.8%, marking 24 consecutive quarters of growth since Q4 2020. The pace of increase has slightly slowed due to fewer rising locations and more stable-price areas.

2. The Kansai region's fluctuation rate is +1.3%, marking 12 consecutive quarters of growth since Q3 2023. Growth is being driven by Osaka City, Hokusei, and Kyoto Prefecture.

Nomura Real Estate Solutions Co., Ltd. (Headquarters: Minato-ku, Tokyo / President & CEO: Yushi Hibi, hereinafter "the Company") has conducted its residential land price index survey as of July 1, 2026. The results are now available and are being announced.

1. Results of the 2026 Q2 Residential Land Price Index

The Nomura Real Estate Solutions Residential Land Price Index is created by indexing the company's proprietary land price surveys.

<Greater Tokyo Area>

The fluctuation rate for the Greater Tokyo Area in Q2 2026 (April–June) was +0.8%. This marks 24 consecutive quarters of growth since Q4 2020. The pace of increase has slightly slowed due to fewer rising locations (down from 57 to 49) and more stable-price locations (up from 111 to 114).

Regional fluctuation rates in the Greater Tokyo Area: Tokyo's 23 wards recorded positive growth for the 24th consecutive quarter, Tokyo's suburbs for the 8th, Kanagawa Prefecture for the 10th, Saitama Prefecture for the 6th, and Chiba Prefecture for the 5th consecutive quarter. Tokyo's 23 wards rose +1.4%, with housing demand spreading to the eastern urban areas (Shoto) due to rising prices in central Tokyo, leading to higher land price growth in relatively more affordable areas. Tokyo's suburbs maintained an increase of +1.1%, though growth has slightly slowed. While growth has slowed and plateaued in Kanagawa and Saitama, Chiba recorded an expanded increase of +0.8%.

<Kansai Region>

The fluctuation rate for the Kansai region in Q2 2026 (April–June) was +1.3%, marking 12 consecutive quarters of growth since Q3 2023. Among survey locations, the number of rising areas decreased (from 13 to 10).

Regional fluctuation rates in the Kansai region: Osaka City recorded positive growth for the 15th consecutive quarter, Hokusei returned to positive growth after one quarter, Keihan, Minami-Osaka, and Hanshin remained stable, and Kyoto Prefecture recorded positive growth for the 8th consecutive quarter. Osaka City rose +1.3%, though the growth rate has narrowed, with land prices continuing to rise in high-convenience areas. Hokusei rose +2.1%, as housing demand flows into the area due to its relatively lower prices compared to central Osaka. Hyogo Prefecture remained generally stable, continuing its steady trend in high-value areas. Kyoto Prefecture continues to show strong growth at +4.3%.

2. About the Residential Land Price Index

The Residential Land Price Index is created by indexing the company's proprietary land price surveys. Launched in July 1989, the survey selects locations within each branch's business area and estimates market prices under normal transaction assumptions. The survey covers residential and commercial areas in the Greater Tokyo, Kansai, and Nagoya regions, with 239 survey locations (169 in the Greater Tokyo residential areas, 42 in the Kansai residential areas).

• Survey locations are selected from limited areas and do not represent overall prefectural or municipal fluctuation rates.

• Surveys are conducted quarterly (January, April, July, October), and results are published on the real estate information website "Nomucom※1".

• Nagoya region results are also published on "Nomucom".

※1 Nomucom URL: https://www.nomu.com/knowledge/chika/

[Reference ①]

For used condominiums, estimated market prices and surrounding area market information for individual condominiums are available on "Mansion Data Plus※2" on Nomucom, the company-operated real estate information site. Please refer to it.

※2 Mansion Data Plus URL: https://www.nomu.com/mansion/library/

[Reference ②]

Effective April 1, 2026, the Company unified its three businesses—brokerage and Corporate Real Estate (CRE) (Distribution Business Division, Partner Sales Division, and Corporate Sales Division)—under the brand "Nomura no Nakai Plus," adopting the brand tagline "Exceeding Your Expectations."

As a company involved in real estate ownership and sales that play an important role in customers' lives, corporate activities, and asset management, we aim not only to meet customer expectations but also to deliver proposals and services that exceed them.

【New Logo and Brand Tagline】

As brand ambassador, we have appointed Kazunari Ninomiya, a unique figure who has continuously challenged himself and added value throughout his diverse career. We will continue to deliver the new "Nomura no Nakai Plus" message, bringing "plus" value to all our customers.

※1: Abbreviation for Corporate Real Estate.

※2: A slogan concisely expressing what the brand stands for and the value it promises.

※ For details on the brand unification announcement, please refer to the official release.

※ For the "Nomura no Nakai Plus" service site, please refer to the official website.