Foreign buyers eyeing Japan's empty houses seek specialist advice

Agents warn bargain hunters that low prices of vacant homes can be a trap

20250328 Magikumi

Kyoko Watanabe, founder of real estate company Makigumi, has set up a one-stop akiya property service for foreign buyers wanting to renovate vacant homes. (Makigumi)

NANCY ZHENG

Tokyo -- Japan's glut of abandoned houses are attracting foreign buyers, creating opportunities for brokers who can help bargain hunters swerve potential pitfalls.

A growing number of specialist real estate agents and consultants are acting for foreign clients wanting assistance in finding, renovating, maintaining and managing once vacant properties, known as akiya. Foreign buyers, whose spending power has been boosted by the weak yen, can buy properties for as little as 1 million yen ($6,673) or even less in some regions.

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