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Thinking of Buying a Cheap House in Japan? Here’s What You Need to Know

January 13, 2025

Japan has a lot of abandoned houses called “akiya.” Some are super cheap, even free! But before you get excited, there are things to consider.

What are Akiya?

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Akiya are empty houses.
Many are in the countryside because people are moving to cities.
They can be old traditional houses or newer ones.

Finding Akiya:

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Akiya Banks: These organizations help connect buyers with sellers of akiya.
How to Use Them:
- Find an Akiya Bank in the area you’re interested in.
- Register with the bank and tell them what you’re looking for.
- They can help you find and view houses.

How Much Do Akiya Cost?

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Prices vary greatly.
Some are very cheap, but many need a lot of repairs.
You can usually find good akiya for under $100,000.

Important Things to Know:

Renovation Costs:
1. Many cheap akiya need a lot of work:
  1. Fixing wood, plumbing, and electricity
  1. Repairing roofs
1. These repairs can be very expensive.
1. Tip: Hire a building inspector to check the house before you buy.
Extra Fees and Taxes:
1. Besides the house price, you’ll pay:
  1. Registration tax
  1. Property acquisition tax
  1. Annual property taxes
1. These fees can add up.
Watch Out for Contract Rules:
1. Carefully read the contract.
1. Some contracts have rules like:
  1. You must live in the house permanently.
  1. You might only rent the land, not own it.
Earthquakes:
1. Japan has many earthquakes.
1. Older houses may not be as strong.
1. Choose a house in a safe location.

Better Option:

Instead of the cheapest akiya, consider buying a slightly more expensive house that’s already in good condition.
This will save you money on repairs in the long run.

How to Find Good Deals:

Sign up for the “Cheap Houses Japan” newsletter:
- This newsletter finds good deals on houses in Japan.
- Many are under $100,000 and in good condition.

Remember: Buying a house in Japan can be exciting, but it’s important to do your research and be prepared.

Disclaimer: This information is for general knowledge and informational purposes only and does not constitute financial, legal, or professional advice.

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