Japan’s millions of cheap empty houses draw foreign interest

Japan is facing an oversupply of properties, with over 9 million empty houses known as “akiyas” available for purchase as of 2023. These properties can be found in rural areas and big cities, often abandoned and left empty for decades. The rise in abandoned houses is due to factors like a population crisis, urban migration, and stigmatization among locals. Foreign buyers are becoming interested in purchasing akiyas, driven by factors like the pandemic, remote work trends, and shifting lifestyle preferences. While akiyas can be a good investment for certain groups, potential buyers should be aware of renovation costs, language barriers, and the need to navigate local authorities. Sure! In this content, it talks about summarizing information in a human tone. This means breaking down complex information into simpler, more understandable language. By doing this, it helps readers grasp the main points without getting lost in technical jargon or confusing details. It’s all about making information more accessible and relatable to a wider audience.