Japan's internal affairs ministry recently reported a staggering 9 million vacant homes as of October 1 last year, marking a significant increase of 510,000 from the previous survey in 2018 and a doubling from figures recorded in 1993.
This surge in vacant properties now represents 13.8% of the total housing stock in the country, reaching a record high and highlighting a concerning trend in Japan's housing landscape.
The rise in vacant homes, particularly those left without a specific purpose such as rental or sale, has been attributed to various factors, including the passing away of elderly individuals who lived alone or the transition of seniors into care facilities.
This trend underscores broader demographic shifts and societal changes impacting Japan's housing market, posing challenges for policymakers and stakeholders tasked with addressing housing shortages and urban development issues.
#Japan
#Vacant
#Population
#DailUpdates
#DU
#DailyNews