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Frequently Asked Questions

What are abandoned houses in Japan?

(akiya) are houses that are abandoned or unoccupied. Thanks partly to Japan’s aging population and preference for new homes over old ones, there are now simply too many disused homes in the country. There are 62.4 million homes in Japan.

Where can I buy an empty house in Japan?

This empty property in Tochigi, a prefecture north of Tokyo, is one of 8 million vacant houses that need occupants. Tochigi Akiya Online akiya “banks” have been set up by cities such as Tochigi and Nagano, where potential buyers can shop for abandoned homes listed for as little as 50,000 yen ($500).

Is Japan’s demographic change driving up the number of abandoned homes?

Abandoned properties in the world’s third-largest economy are among the least-discussed side effects of the country’s demographic changes. But it’s getting more attention given the increasing number of affordable — and sometimes free — houses put up for sale online on websites called “akiya banks.” Akiya is the Japanese term for vacant homes.

How much does it cost to buy a house in Japan?

For vacant homes that are not free, prices can range from 500,000 Japanese yen ($4,428.50) to close to 20 million yen ($177,140) depending on location, age and condition of the house, according to the listings seen by CNBC.