Prices, Trends & a 32 % YoY Surge in Core Ski Zones 1 Executive summary Hakuba’s land market accelerated again in Q2 2025: the National Tax Agency’s roadside survey shows Wadano Main Road hitting ¥37,000 / m², up 32.1 % year-on-year — the fastest rise in Japan. At the village level, MLIT’s 2025 chika-koji (公示地価) data reports average commercial values at ¥29,800 / m² (+33 %)...