Quick real estate news summary for the week
Hiroshima welcomes the region’s tallest apartment tower, housing starts drop in July, and a new flight route in Tokyo upsets tenants. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
New life for old homes in Onomichi
On the hillside leading up to Senko-ji Temple in Onomichi City, Hiroshima, sits an old wooden house built between 1921 ~ 1923. Despite being registered as a national tangible cultural property in 2013, the historic home had been left empty to rot on the hillside for decades.
Luckily, a local non-profit organisation has stepped in to restore the old property and convert it into a guesthouse. Repairs will start this month, with completion expected by February 2016.