Society

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?

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:

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?

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.