Home Vacancy Rate Hits Record High in Japan

Economy

Tokyo, April 26 (Jiji Press)--The proportion of vacant homes in total housing units in Japan stood at 13.6 pct as of Oct. 1 last year, hitting a record high, a government survey showed Friday.

The estimated number of vacant homes increased to a record 8.46 million, the internal affairs ministry survey also said.

The number of vacant homes not marketed for rental or sale came to 3.47 million units, or 41.4 pct of the total vacant homes. The share expanded consistently from 2003.

Japan's total housing units rose by 1.79 million units from the previous survey in 2013. Vacant homes increased by 260,000 units.

But the vacancy rate saw only a marginal rise of 0.1 point. The result reflected a decrease in vacant homes in urban areas including Tokyo and Aichi Prefecture, central Japan, a ministry official said.

[Copyright The Jiji Press, Ltd.]

Jiji Press