Many people in Japan are giving away their homes in rural areas. The people who are home owners only have to pay land tax.
In Japan, there are more and more abandoned homes because there is no managed care. Channel CNBC said that the status of the population is increasingly greying and shrinking has led many towns and villages became empty.
The Chief economic expert Rajiv Biswas is in charge of the Asia – Pacific region of the IHS Markit considered that, in the coming three decades, Japan will face the economic and social impact from the problems of population elderly.
On the online sale site called “Akiya Bank” (Akiya Japanese term is used to refer to the vacant house) has put many lyrics for sale area real estate in the country at affordable prices even for free. Home buyers need only pay rent the land under the applicable law in Japan that does not have to pay the costs for home owners.
Local authorities and the community established many Akiya website to better manage the supply and demand of houses being vacant in the countryside.
The owner of the real estate sector dropped could not take care of their property, or do not want to hand in any property taxes are to be applied in Japan for a house they don’t use so they want to return to the others housing needs. The new owners only have to pay taxes and commissions for agents or brokers.
The free houses usually require to be upgraded because being old and degraded. However, some local authorities such as Tochigi and Nagano currently have pension program for renovating the house deserted.
According to statistics, by the year 2013, the number of vacant homes in Japan are 8,196 houses, constituting approximately 13.52 per cent in total housing of “the country of cherry blossoms”. The vacant houses focusing mainly in the rural town, but this phenomenon has now started to appear in the suburbs and the larger cities of Japan.