Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Property»How Foreign Influencers Are Turning Japan’s ‘Ghost Town’ Homes Into Real Estate Ventures
    Property

    How Foreign Influencers Are Turning Japan’s ‘Ghost Town’ Homes Into Real Estate Ventures

    October 21, 20243 Mins Read


    Last Updated: October 21, 2024, 13:21 IST

    There are no restrictions on foreigners investing in Japanese real estate. (Representative Image)

    There are no restrictions on foreigners investing in Japanese real estate. (Representative Image)

    This accessibility has attracted many foreign influencers and they believe such properties are not only for living but for investment as well.

    Japan currently has an acute housing problem with millions of abandoned homes in the country. The situation is made worse by low birth rates and people shifting from rural areas to urban centres. Most of these houses are affordable and can be bought at relatively cheap costs. In fact, some are offered to willing buyers free of charge, particularly in rural settings. And now, social media influencers are buying these abandoned houses, so-called akiyas, and renovating them.

    There are no restrictions on foreigners investing in Japanese real estate. This accessibility has attracted many foreign influencers, who believe such properties are not only for living but for investment as well.

    One of the most notable figures among them is Anton Wormann, a Swede YouTuber and renovator who bought several akiyas. After arriving in Japan in 2018, he shared updates on his renovation project, accumulating over two million followers on various social media platforms.

    Based on the documents reviewed by CNBC Make It, Wormann purchased the first property for roughly $110,000 and now he is renting it out through Airbnb for about $500 per night. His book called Free Houses in Japan can be a good source of information and inspiration for those wanting to expand their business in this area.

    “There are 10 million abandoned houses right now in Japan,” Wormann told Tokyo Weekender.

    Another example is Lawrence Covian, a US vet who bought a home in Japan for $35,000, as reported by Business Insider. Covian and his wife, Chiyoko, were living in North Carolina until July 2017. Due to his work, he was transferred to Japan. The original plan was to go back to the US, but they enjoyed their newfound life and didn’t want to leave.

    “After being here for five years, I was comfortable and liked it here, and we decided we were going to stay here one way or another,” Covian told Business Insider.

    He says the character and space of older homes are better preserved. Covian has also ventured into sharing the experiences of renovating on YouTube and the progress made on the house. Meanwhile, in Japan, deterioration in the birth rate and internal migration has led to millions of houses being abandoned in the countryside due to what has come to be known as a ‘ghost town’.

    Buzz Staff

    A team of writers at News18.com bring you stories on what’s creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywoo…Read More



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Making money from property “is for the birds” says top wealth manager

    Property

    Marseilia Real Estate Investment : Bénéfice net individuel de 11,3 millions EGP au premier trimestre

    Property

    Grade II-listed property dating from 1717 for sale in Bury

    Property

    UK’s most expensive seaside town with million-pound mansions and white sand beach

    Property

    Dorset high street property up for auction

    Property

    Met Office says UK could see third heatwave in the space of a month | News UK

    Property
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Morocco’s Catalyst for a Resilient Agricultural Future

    Fintech

    La fintech nigérienne iFUTUR prépare son expansion dans l’espace UEMOA

    Commodities

    Reality check: N. Korea’s agricultural mechanization vs. rising hand tool costs

    Editors Picks

    Is Ireland ready to buy into the digital euro?

    March 5, 2025

    55-Year-Old Dividend Investor Earning $25,000 a Month Shares 7 Stock Picks, Calls Yield Chasing a ‘Terrible’ Mistake for Young Investors

    January 28, 2025

    Bill introduced by U.S. House to award ‘Miracle on Ice’ team with Congressional Gold Medal

    October 8, 2024

    Retirement savings stretch less in Washington DC

    July 20, 2024
    What's Hot

    Catalyst-free selective oxidation of C(sp3)-H bonds in toluene on water

    July 20, 2024

    Musique: Les métalleux luxembourgeois signent sur un label allemand

    February 28, 2025

    Making Move To Study Agricultural Science

    March 16, 2025
    Our Picks

    Sun Silver va commencer des essais métallurgiques sur son projet argent-or dans le Nevada

    May 5, 2025

    UOA Real Estate Investment Trust affiche un bénéfice trimestriel attribuable de 10 millions de RGT

    May 6, 2025

    Adam Silver, l’homme chargé de faire briller la NBA dans le monde

    January 24, 2025
    Weekly Top

    MouNa Group Technology remet un important lot d’ordinateurs aux étudiants des CPGE dans le cadre du Programme Simandou Academy

    July 6, 2025

    Zelensky introduced special anti-Russian sanctions for cryptocurrency payments — EADaily, July 6th, 2025 — Politics, Russia

    July 6, 2025

    Ontario funds two miners aiming to boost critical mineral recoveries

    July 6, 2025
    Editor's Pick

    Cryptocurrency Kaspa’s Price Increased More Than 11% Within 24 hours

    August 6, 2024

    Argentina’s Javier Milei faces fraud allegations over cryptocurrency post – Al Jazeera English

    February 18, 2025

    Poly Property Group Co., Limited annonce des changements au sein de son conseil d’administration et de ses comités -Le 21 février 2025 à 09:38

    February 20, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.