Japanese rural houses sell for $ 500 or less
Pick up these repairs for $ 500 – as long as you can read a Japanese construction manual.
Japan is teeming with millions of vacant homes, called akiya, which local governments hope to sell for next to nothing.
PRIVATE ISLAND WITH UNDERGROUND TUNNEL ENTRY COMES TO MARKET AFTER NEARLY TWO DECADES OF CONSTRUCTION
At last count, the Japanese Housing and Land Survey found 8.49 million uninhabited dwellings in 2018, an increase of 3.2% from akiya since the previous survey interval in 2013.
In total, more than 13% of the 62 million homes in the country are unoccupied, especially in rural prefectures such as Wakayama, Tokushima, Kagoshima and Kochi. In these regions, the average vacancy rate is up to 18%.
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Now, a new program led by Prime Minister Yoshihide Suga aims to boost Japan’s rural economy by encouraging tourism, business and a wave of new residents.
In line akiya “Banks” have been set up by cities such as Tochigi and Nagano, where potential buyers can purchase listed abandoned homes for as little as 50,000 yen ($ 500). In Okutama, the price drops to $ 0.
“The program is not only helping former owners, who struggled to use the properties and pay taxes, but also the city by reducing the number of abandoned buildings that could collapse or pose risks in the future.” , said an Okutama spokesperson. government office told Nikkei, according to an Insider report.
In September, local governments offered to pay 1 million yen ($ 9,000) to all Tokyo-based workers who agree to work remotely from the countryside.
To fill a gap in technology services in the region, a bonus of 3 million yen ($ 27,000) is also offered to anyone wishing to start an IT business in rural Japan.
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Such subsidies have already proven effective in Mikasa, Hokkaido Prefecture, where there has been an 11% decrease in the number of vacant homes since the city began offering money for child care. children and home furnishings. Daisen, in Tottori Prefecture, saw a 7.9% drop in vacant homes after the local government pledged 2 million yen ($ 18,000) for home renovations for new buyers.
Similar trends have been seen around the world, including the United States and Italy, where dilapidated houses in medieval towns are known for as little as 1 euro ($ 1.22).
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