Well the country’s total population fell by 595,000 last year, so it doesn’t seem so shocking.
AreYouPretendingSir on
While technically grammatically correct, it is a bit misleading to say ”Tokyo housing vacancies rise, comma, new sentence, with 646800 vacant homes”instead of ”Tokyo housing vacancies rise **to** 646800 vacant homes”
Dave_Pluck on
Content of the article:
> TOKYO — There were 646,800 vacant homes across the 23 wards of central Tokyo last year, the highest number in data going back to 1958, according to an Interior Ministry survey published Wednesday.
>
> The ministry surveys Japan’s housing stock every five years. The 2023 survey put the percentage of vacancies in central Tokyo at 10.9%, up from 10.4% in 2018.
>
> Empty homes made up 16.1% of the total in Osaka, 15.2% in Shizuoka and 13.8% in Sapporo. Yokohama and Fukuoka had rates below the nationwide average of 13.8%, which had increased 0.2 percentage point from 2018 to a record.
>
> The percentage of abandoned homes, which exclude vacation homes and residences available for rent, came to 5.9% across Japan.
>
> The growing number of empty homes has become a major issue in Japan, since they can become a nuisance to neighbors and pose safety risks. The Ministry of Land, Infrastructure, Transport and Tourism in July launched measures to help put them back on the market, such as by increasing the cap on brokerage fees for cheap properties in disrepair.
>
> Overall, the number of homes in Japan grew 4.2% from 2018 to 65.05 million in 2023. The number of households increased 4.1% to 56.22 million.
himejirocks on
Not just a population decline but a shift in density towards major cities. People no longer think a three hour commute is worth a bigger house as spots open up nearer to work and school just as nice. As the market demand shows more of an interest in city life, flipping houses farther away just doesn’t make sense.
I wonder if increased technology advances in larger apartments also enables this?!
50YrOldNoviceGymMan on
The picture in the article shows a house that should be torn down and rebuilt. The allure of empty housing is beset with one issue – who owns the land that the house sits upon. Imagine investing a significant amount of cash in rebuilding one such house, only to have the children of the former owner return from overseas and claim the land back… what then ?
5 Comments
Well the country’s total population fell by 595,000 last year, so it doesn’t seem so shocking.
While technically grammatically correct, it is a bit misleading to say ”Tokyo housing vacancies rise, comma, new sentence, with 646800 vacant homes”instead of ”Tokyo housing vacancies rise **to** 646800 vacant homes”
Content of the article:
> TOKYO — There were 646,800 vacant homes across the 23 wards of central Tokyo last year, the highest number in data going back to 1958, according to an Interior Ministry survey published Wednesday.
>
> The ministry surveys Japan’s housing stock every five years. The 2023 survey put the percentage of vacancies in central Tokyo at 10.9%, up from 10.4% in 2018.
>
> Empty homes made up 16.1% of the total in Osaka, 15.2% in Shizuoka and 13.8% in Sapporo. Yokohama and Fukuoka had rates below the nationwide average of 13.8%, which had increased 0.2 percentage point from 2018 to a record.
>
> The percentage of abandoned homes, which exclude vacation homes and residences available for rent, came to 5.9% across Japan.
>
> The growing number of empty homes has become a major issue in Japan, since they can become a nuisance to neighbors and pose safety risks. The Ministry of Land, Infrastructure, Transport and Tourism in July launched measures to help put them back on the market, such as by increasing the cap on brokerage fees for cheap properties in disrepair.
>
> Overall, the number of homes in Japan grew 4.2% from 2018 to 65.05 million in 2023. The number of households increased 4.1% to 56.22 million.
Not just a population decline but a shift in density towards major cities. People no longer think a three hour commute is worth a bigger house as spots open up nearer to work and school just as nice. As the market demand shows more of an interest in city life, flipping houses farther away just doesn’t make sense.
I wonder if increased technology advances in larger apartments also enables this?!
The picture in the article shows a house that should be torn down and rebuilt. The allure of empty housing is beset with one issue – who owns the land that the house sits upon. Imagine investing a significant amount of cash in rebuilding one such house, only to have the children of the former owner return from overseas and claim the land back… what then ?