As concerns grow over the number of aging vacant houses that pose a risk to the surrounding neighborhood, local wards and cities have begun to introduce regulations that will pressure owners into either repairing or demolishing their derelict properties.

-- Assistance of up to 1 million Yen --

Tokyo's Adachi-ku is densely crowded with wooden-frame houses and small workshops. Much of the area is considered to have a high fire hazard. Adachi-ku was the first ward in Tokyo to enact rules that obligate owners of dilapidated houses to either repair or demolish them. In the event of demolition, the ward will provide up to 1 million Yen (12,000 USD) in aid. Already, two buildings have been demolished under this new rule.

This content is available to paid subscribers only.

Sharing information on Japan’s real estate market has been a long passion dating back 14 years. However, gathering and preparing this content takes hours and hours each week. By joining our monthly subscription service, you can access over 3,100 articles dating back 14 years. Best of all, you’ll be supporting us in our endeavor to continue to provide investors with on-the-ground, expert information.

To join our paid subscription service and access over 3,100 news articles on Japan's real estate market, please register here.

Already a paid member? Log-in using your details below.