How to abandon a property

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gonbechan
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Re: How to abandon a property

Post by gonbechan »

You could probably offer it to the local akiya bank for a token amount like 1man or something.

LeeB
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Re: How to abandon a property

Post by LeeB »

"April 28 – Bloomberg (Paul Panckhurst): “A record 8.46 million Japanese homes are sitting vacant as builders keep adding stock in a country where the population is shrinking. The number jumped by 260,000 in a twice-a-decade survey released by the government on Friday, reaching 13.6% of housing, the Nikkei Asian Review reported.”


Huge number of vacant homes in Japan.

What a waste of valuable resources and lack of ability to gets taxes from many of those.

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Re: How to abandon a property

Post by LeeB »

That news report about abandoned homes in Japan is getting a few hits on other news services.

Here is one from the SMH:

https://www.domain.com.au/news/why-are- ... 2&ref=pos1

A couple of interesting blurbs from the article:

"According to the survey, the abandoned homes number 3.47 million, up 9.7 per cent since 2013.

Interestingly, the survey counts holiday homes as vacant housing, which explains why popular tourist destinations have such high rates of vacancy. For instance, the Yamanashi Prefecture, which includes the north of Mount Fuji, sits at 21.3 per cent vacant, while the Nagano Prefecture, which was the site of the 1998 Winter Olympics, sits at 19.5 per cent vacant."

And even more interesting is the following which has been commented on by a couple of people here on the blog:

"One bizarre consequence of this situation is the discovery of massive caches of money hidden deep within abandoned houses set for demolition. Almost $284,000 was found in the bowels of one house in Tokyo.

If no one claims the money, and its original owners can’t be located, it is handed over to local government. According to Nikkei Asia, over ¥560 million ($7.1 million) made its way to the Tokyo metropolitan government this way in 2018."

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Re: How to abandon a property

Post by Ibaraki llama »

I was reading some statistics on the vacant houses - only 2% of the houses are up for sale, which explains why in spite of all these empty or abandoned houses it’s still not that easy to find one if you’re looking to purchase.

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Re: How to abandon a property

Post by LeeB »

"it’s still not that easy to find one if you’re looking to purchase.'

Yep.

And I'd guess that the 'owners' of many of them are long gone and never to be found, ever again. It is also why the price of the properties offered for sale is still way too high as well and why the price of land/houses in the rural areas will never really go up much, if any at all in the future.

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Re: How to abandon a property

Post by Ibaraki llama »

Yes, the price of inaka property can only come down. I look around here and most people in the larger kominka are the baby boomers in their seventies. Some of their kids have built houses in the same compound but not for the most part - in the next 10-20 years so many of them are going to be empty. And I live in a Tokyo commutable area.