Japan Faces Surging Vacancy Rates with 9 Million Empty Homes

The rising number of vacant properties in Japan, now at a record 9 million, is largely due to rural depopulation and demographic challenges.

Japan's vacant home count has reached a record high of 9 million as of October 2023, marking a significant increase from previous years.
The surge in empty homes is attributed to rural depopulation and a declining birthrate, with many properties inherited but left unused.
Vacant homes now represent about 14% of all housing in Japan, with some estimates suggesting this could rise to over 30% within a decade.
The financial burden of property taxes on vacant land discourages demolition, leading to prolonged vacancies.
Interest in these vacant properties, especially traditional kominka houses, is growing among foreigners, driven by low costs and cultural appeal.