Niseko, famed for its powder and international visitors, ranks 28th in Savills’ The Ski Report-Winter 2025-26 for prime housing prices among global ski resorts, at about 7.02 million yen per tsubo. Top markets include Aspen at about 20.89 million yen/tsubo, Val d’Isère at 19.34 million, and Gstaad at 18.27 million, with St. Moritz and Courchevel also high. Despite the gap to the top markets, Niseko remains comparatively affordable, sustaining overseas investor interest and signaling strong investment potential for Japan’s snow country; Furano is cheaper at 3.81 million yen/tsubo, while Hakuba and other Japanese resorts sit outside the global top.