Why are many houses in Tokyo that have been built for more than ten years still empty?

The reasons for the high vacancy rate of houses in Japan are: the aging of young children, the over-concentration of urban population, and the increasing number of unoccupied single-family vacant houses.

In real estate investment, the occupancy rate is often more important than the appreciation of real estate. It not only represents that the assets you invest can generate cash flow, but also represents the actual demand of the real estate itself in the market.

In some parts of Japan, low-priced sales or even free gifts are being adopted to attract people to settle down. Odomo-CHO, about two hours' drive from downtown Tokyo, has a beautiful natural environment, and the forest area accounts for 94% of the total area. It is understood that there are as many as 500 vacant houses in Odomo Town. Because the owners are unwilling to pay the demolition fee, and the local government can't handle it without authorization because of property rights, a large number of vacant houses are becoming dangerous houses because of disrepair. In order to solve this problem, Odomo town began to bridge the gap between property owners and those who intend to rent or buy vacant houses, and sold them at low prices or transferred them for free according to the housing conditions. Up to now, 64 sets of vacant houses have been registered locally, of which 60% have been transferred.