According to The Australian Financial Review, as Japan’s population shrinks and more properties go unclaimed, an emerging segment of buyers, feeling less tethered to overcrowded cities, is seeking out rural architecture in need of some love.
The most recent government data, from the 2018 Housing and Land survey, reported about 8.5 million akiya across the country – roughly 14 per cent of the country’s housing stock – but observers say there are many more today. The Nomura Research Institute puts the number at more than 11 million, and predicts that akiya could exceed 30 per cent of all houses in Japan by 2033. https://www.afr.com/property/residential/there-are-11m-empty-houses-in-japan-you-can-buy-one-for-34k-20230418-p5d19r
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