Japan’s vacant homes draw fresh interest from renters
AgenciesThe business of turning unoccupied homes into rental properties is expanding in Japan where an aging population is bringing far-reaching socioeconomic changes, with renovat...
In Japan, the growing issue of vacant homes has led to a new business opportunity - turning those empty properties into rental spaces. This trend is particularly noteworthy as the country's aging population faces significant socioeconomic shifts. Saitama Resona Bank, located in Saitama Prefecture near Tokyo, has recognized this potential and created a service to facilitate the process.
Launched last year, the bank collaborates with 16 companies specializing in real estate and related services, serving as a central point of contact for property owners and potential renters.
In an effort to bring together these stakeholders, the bank organized an event in August, gathering nearly 130 owners of vacant homes. Among them, a family was particularly encouraged by the one-stop service, expressing appreciation for the consultation with experts and participating companies. As a result of these consultations, nearly 300 requests have been made, with over 10 percent leading to successful sales or other solutions, according to the bank.
The service is not limited to residents of Saitama Prefecture; it is available to anyone who owns a vacant home within the prefecture, offering hope for revitalization in depopulated areas.
Written by urgent.news from Qatar Tribune Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
