Huge Number Of Japanese Homes Are Giving Away For Free
Who would say not to free houses or even a lesser cost of houses? I guess lots of us will surely be interested in this news. Maybe you are in the stage of having new home. You might consider moving to Japan in some other point. The Japanese government is reportedly giving away thousands of abandoned houses across the country and did you know some of these houses are indeed for free.
Maybe you are wondering right now why many houses are being given away for free or being sold by such a low price. According to Japan Times there are some 8 million vacant houses — enough for everyone and their mother (and their baby cousins) in Singapore to own their own home. This glut of abandoned houses (or akiya in Japanese), many of which are in suburban or rural areas, is due to aging population and young people moving to urban areas to live and work. This massive surplus has led to Akiya banks.
However on the other hand, most people still believe that these homes are remained abandoned for so long because of some old superstitions. Some said that most houses are associated with crime that’s why these houses are being avoided. But above all, to many owners, the homes simply aren’t worth the investment. Even the akiya banks haven’t resulted in many sales.
In the meantime, Japanese home buyers have continued to prioritize new homes, and its millions of “akiyas” have remained just that: empty.
So who’s ready for a mortgage free life, pronto? Take a peek at what akiya are on the market right now. Maybe you’re interested to buy and invest in these abandoned houses in Japan.