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Houses in Japan are relatively inexpensive for several reasons, including depopulation, a strong preference for new constructions, and the perception of houses as depreciating assets. The oversupply of vacant and inexpensive homes, known as akiya, has led to the establishment of akiya banks—platforms listing these properties, often at very low prices. While this has drawn interest from foreign buyers, experts caution that investing in akiya carries risks, such as high renovation costs and limited resale potential.
Despite the appeal of low prices, buying a cheap house in Japan comes with challenges. For instance, financing options for non-residents are limited, and many properties require significant renovations to meet modern earthquake safety standards. As such, it’s crucial to carefully evaluate the advantages and disadvantages and determine whether purchasing a cheap house in Japan aligns with your investment goals. Send us a text in our website https://www.buzzsprout.com/2428312
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