If you’re one of those people who absolutely love Japanese culture and umami tasting sushi, your dream of owning a home in Japan could come to life sooner than
The Japanese government is willing to fill up the abandoned homes by putting them up for sale for nearly free, and actually for nothing in some cases . As per a 2013 government report , over 8 million properties are vacant in Japan. About one-fourth of these homes have been abandoned and aren’t even up for sale or rent.
The number is predicted to rise since the number of births lags behind the number of deaths. The Nomura Research Institute (NRI) has projected the number of deserted houses to go up to 21.7 million by 2033, which is roughly a third of all dwellings in Japan.
Many of these homes are having a hard time finding a resident because they were deserted by the death of the resident(s). These homes have been tied to the superstition that homes where people died an unnatural death or as a result of violence bring bad luck. The main reason for this is the frequent occurrence of natural disasters and a super-ageing society.
The government may also offer funds to renovate these properties.
A senior consultant at NRI, Wataru Sakakibara, said, “If this continues, at some point it may be necessary to consider limiting new construction. But that would have a substantial impact on the economy,” to the Japan Times.
The Japan Times’ report also suggested that about 70 percent of Tokyo’s population lives in apartments. The problem of abandoned homes was primarily a rural issue but since its rise in the urban land, people living in congested homes have a better option. This also opens doors for people seeking to buy a property in Japan.
So if you’ve always wanted to land your dream home in your dream country, this is probably the best time to.
You can have a look at the available homes here.
- Japan is launching a program that will give away abandoned homes at heavily discounted prices, and some houses will even be offered for free, Insider
- Japan’s glut of abandoned homes: Hard to sell but bargains when opportunity knocks, Japan Times