Update 2022.09.09 Not sure if it has been sold, but I discovered an article just about this property. All in Japanese but take a look if interested. Nice story with photos. inaka.tkj.jp/archives/4110/
@@selgeaus This kind of transaction is performed over many different countries. The single dollar, or yen, or euro, or dinar is simply nothing more than a legal technicality. It is not only done with homes, but also when "selling" an automobile, or anything other legal sale that must be registered with some government office. It is the easiest way to transfer an item or property so that no sales tax has to be paid, but yet also assure that the title is legally transfered to the new owner (which releases the previous owner from any legal obligation should any accident occur).
Wow. The house still in good condition with just some minor problems to fix, good location and with just 1usd. Pretty sure the house will be sold out soon.
When I see these nice old houses being put for sale, I usually mark it on my Google map and hope I get to stop by one day to see how it has been transformed into by its new owner. I am sure this house will become something really interesting!
I lived in Nanao for 6 years and Wakura is a lovely little hot spring hotel town. Its just outside of the main city on the peninsula, and the area gets a lot of really cool festivals in the summer. Can't say enough good things about the area.
Hi Niko, good to hear from someone who has lived in Nanao city for so long! Yes I quite like Wakura onsen and the noto peninsula myself as well (although I haven't been able to explore much of the northern parts).
Looks like it was an old Maison (private room/common living rental) style house that was later converted to a clinic. Overall, this would be an amazing house given the resources to restore, and I'm looking forward to the next video, thanks for sharing!
Thanks for watching again! Really lots of potential in this one. If I have the chance I would like to add a bit of history on all these houses as well (in the video).
what a beautiful house. I could come up with some amazing ideas for that house. And I loved that doll and the furniture was absolutely amazing. But I love old antique furniture especially from Japan. it was made so well back in the day and the design was not something you'd see here in the states. I'd probably keep almost everything.
There's so much potential for this house indeed. Perhaps you can visit this place in a year or two to see how it has changed (hopefully someone shows up to take good care of it!).
I just want to let you know that this video was so powerful for me and my wife that it hit us like a lightning bolt, and has inspired us to start our journey for hopefully finding a wonderful building to turn into a themed Inn (or bed and breakfast). We now dream of finding a place similar to this to create a fun community for guests to stay. Thank you so much and i hope i get a chance to speak with you one day 🌈🤙🌈
Hi MonkeyHero, good to know you liked the video and hope you found it useful :) Good luck with your journey with the property search and I am sure with the situation now there's only going to be more empty homes in Japan.
@@GoodOldHousesJapan thank you so much. May i ask? Are you open and/or available to help with property searching? Is that a service you are able to offer? I would really love help from someone as adept as you at finding another similar property as this 18 room building in this video, for my idea. Im also going to be traveling to Japan earlier next year and want to block out a lot of time to work on this, and see places and people regarding this in person. Thank you for your consideration and excellent work on your channel 🙏🌈
Your videos are very insightful and enjoyable. Could you perhaps make one in which you'd let us know the "know-how" regarding permanent residency and property purchase in Japan as a foreigner?
There's no restriction to buying property as a foreigner in Japan. The biggest issue that you will find is that you will struggle to find a loan for the house. So if you have the cash to outright buy it and pay the taxes, then you are good to go. As for getting PR, there are a few ways. The most common are: 1. Live in Japan for 5 consecutive years without committing any crimes and properly filing taxes. 2. Get married to a Japanese citizen and live in Japan for 3 years without committing crime and filing taxes properly. Common ways to get a visa to live in Japan: 1. Work Visa: Get a Japanese company to hire you for skilled work. 2. Student Visa: Attend a Japanese university and you will be under the student visa until you graduate. 3. Spouse Visa: Marry a Japanese citizen. 4. Create a company in Japan: This is a 1 year at a time visa, and you will have to get your company/business plan approved. You will also need about $50k in a bank account under your business's name. There are more requirements too, but if you're interested in this you can read more into it.
Thank you Tom. I would like to make variety of videos that cover different topics including PR, loan, etc. That said, Derrek already answered most of your question :) Buying a house doesn't require any sort of VISA status btw so you can buy as you wish, but how long you get to stay in Japan doesn't change just because you own a property.
good Japanese once told me.. before you buy any akiya house, you should visit their neighbours first and learn the history behind the house that you want to buy.. 😅
Very cool and beautiful house; May I ask if buying houses in Japan (especially akiya) require to be a resident, or to spend a certain amount of time out of the year in Japan? Just some long term curiosity to be used as food for thoughts lol great video, really nicely done, thanks for sharing it
Thank you! If you use the Akiya banks run by the city, there's likely restrictions like needing to move in/be a full-time resident, but you can always buy Akiya (vacant homes) via general real estate sites like athome or Suumo with almost no restrictions - tourists can technically buy vacation homes and just go back every year or so.
@@GoodOldHousesJapan that was most informative, thanks a lot for taking the time to explain it to me! Much appreciated :) hopefully soon enough I’ll be able to thank properly in Japanese as well ))
great video, can you make another video showing the free houses of Kyoto Japan 🇯🇵, because I will be moving in the area in the near future, and I would like to know what services and programs are available to me as a Gaijin when I get married in Japan 🇯🇵, thanks...
Not only could I not find that place but I’ve been using this site for years and I’ve never seen anything under 0.5- 1million yen 10,0000-5,000 🤔 am I doing something wrong
No you're not doing anything wrong. It's quite rare to see houses under 1mil yen on the big portal sites. It seems that this house hasn't been sold yet - probably too much work to bring it back to life! www.relight.co.jp/buy_detail/id=3493
I think this particular one is already sold... There really isn't any tips to buying these houses. The buyer just needs to be prepared to spend a lot of $$$ for repair...
The catch is the renovation cost & the risk of not being able to sell it in the future (with decreasing population in rural Japan = decreasing demand of properties). The property tax for these old houses is actually cheap. This one I think was around 1k USD per year?
Abandoned clinic, it seems like it was an old folks home. Meaning there were probably many deaths there. Maybe that is why no one wants it? I saw many futon piled up probably from the past elderly residents. I would pass.
Can we just buy it and leave it there? or do need pay extra other than just the house price. You know, that is a lot of catch when deals are too good to be true
Yes of course you can leave it there after buying it. The estimated additional cost for this place is explain in another video here th-cam.com/video/03QwnxjMczw/w-d-xo.html The catch for this place is probably the total amount of cost to fix
@@GoodOldHousesJapan Yes, thanks, just watch the part 2. Probably few catches or summarise and questions I would list here: 1. Annual property tax ~1000usd 2. Property tax is $0 if the house older than 20 years? 3. One off land tax for ~2000 m2 land size is 100k usd - Do we need to pay annual land tax and what if the land size is small like a little more than the house area? This is the most money need to pay upfront. 4. Other annual cost for the government such as sewerage and rubbish collection? 5. Is it freehold property or has life time such as only can own it for 99 years etc? 6. Can we renovate the house ourself? Or do we need government approve or license renovate company to do it? It would be very interesting and helpful if you could present each of the points above for houses you going to post video on youtube. )) Thanks
@@kailimedia Thanks for listing the points! 2. Property tax won't be 0. Just the value of the house will be close to 0 after 20 yrs so does the tax amount, but the value of the land will remain the same. 3. Yes there is the one-off "Acquisition tax" + "Inheritance tax". Inheritance tax is the expensive one that is calculated to be around 72k USD. 4. Not sure about this property. 5. 99% of properties listed on sale in Japan are freehold properties. You own the house & land forever. 6. Yes you can renovate the house yourself. Stuff like electric wiring/water & gas pipes I think you need to hire someone with a license.
There are costs 1) for the disposal of large and useless items/rubbish leftover in the property. 2) annual property tax, the bigger the land and property size, the higher the tax 3) to fix the roof for serious damage/water leak, which is quite expensive for larger roof area 4) it is always hard to tell from the pictures on the condition of the foundation, floor, wall, ceiling as well as gas/water/electricity utilities. Don't be surprised if it costs 15M to 30M yen or more for the renovation of a wooden house of over 200sqm size and more than 70 yrs old and has been vacant for over 20yrs. 5) additional property tax is required for the unregistered part of property to re-register. 6) not sure if there is a gift tax incurred for this property being transferred as a gift from the seller. BTW , this property consists of agricultural land which only certified farmers or agricultural corporations can buy.
Hi Charlie, I believe Richard answered all your questions :) I plan to explain a bit more on a ball-park estimate of how much 1) ~ 6) will cost for this particular house. Usually, Tax related costs won't be too bad for these old houses, so it's usually the condition of the house that matters most (for the renovation cost). The last point on the agricultural land is in fact the most important. It doesn't matter how much money you have, if the agricultural committee rejects your offer to buy, then you really have no choice but to give up (or actually become a farmer...).
@@leerichard9 Hi, got a question regarding point #2, isn't property tax 1.4% (1.7% before 2018) of the property market value? or does this not apply for akiya?
@@jericmori3936 Some owners just want someone to take over so they don't have to continue to maintain the house & pay property taxes. None of the properties are really FREE, the buyer still needs to pay taxes & biggest part of the cost is always the renovation. The cheap/free houses often need a full-scale renovation that ends up needing more than 10mil yen and above to make livable.
This is a stunning house 👌 but doesn’t it say it’s built on agricultural land? So the chances of being able to buy it are low? 😣🥲😔 it’s so close to where my sister was looking at moving
It's a good looking good indeed. The house itself is not built on agricultural land but the property includes agricultural land somewhere close by. But either way buying property with agricultural land would be difficult.
Update 2022.09.09 Not sure if it has been sold, but I discovered an article just about this property. All in Japanese but take a look if interested. Nice story with photos.
inaka.tkj.jp/archives/4110/
I can't open the link
The article says the property was sold for 1yen, which is more like 1 cent instead of $1
Is it still for sale I will buy it ?
@@selgeaus This kind of transaction is performed over many different countries. The single dollar, or yen, or euro, or dinar is simply nothing more than a legal technicality. It is not only done with homes, but also when "selling" an automobile, or anything other legal sale that must be registered with some government office. It is the easiest way to transfer an item or property so that no sales tax has to be paid, but yet also assure that the title is legally transfered to the new owner (which releases the previous owner from any legal obligation should any accident occur).
Wow. The house still in good condition with just some minor problems to fix, good location and with just 1usd. Pretty sure the house will be sold out soon.
When I see these nice old houses being put for sale, I usually mark it on my Google map and hope I get to stop by one day to see how it has been transformed into by its new owner. I am sure this house will become something really interesting!
I lived in Nanao for 6 years and Wakura is a lovely little hot spring hotel town. Its just outside of the main city on the peninsula, and the area gets a lot of really cool festivals in the summer. Can't say enough good things about the area.
Hi Niko, good to hear from someone who has lived in Nanao city for so long! Yes I quite like Wakura onsen and the noto peninsula myself as well (although I haven't been able to explore much of the northern parts).
Another great video from an underappreciated channel
Thanks for your appreciation! I'm sure TH-cam will appreciate the channel sooner or later (fingers crossed).
Looks like it was an old Maison (private room/common living rental) style house that was later converted to a clinic. Overall, this would be an amazing house given the resources to restore, and I'm looking forward to the next video, thanks for sharing!
Thanks for watching again! Really lots of potential in this one. If I have the chance I would like to add a bit of history on all these houses as well (in the video).
Beautiful house. I'm pretty sure it's haunted.
Quite likely...
BOO 👻👻👻👻👻👻👻👻👻
For one dollar the ghosts and I be chillin
Wonder if the ghost is hot...
@@GoodOldHousesJapan I know how to get rid of spirits. Is it still avaliable?
what a beautiful house. I could come up with some amazing ideas for that house. And I loved that doll and the furniture was absolutely amazing. But I love old antique furniture especially from Japan. it was made so well back in the day and the design was not something you'd see here in the states. I'd probably keep almost everything.
There's so much potential for this house indeed. Perhaps you can visit this place in a year or two to see how it has changed (hopefully someone shows up to take good care of it!).
@@GoodOldHousesJapan do you have the exact website link for this house i could look at please?
@@Huna_MaTaRaNa This place is already sold so no info on the internet anymore...
I just want to let you know that this video was so powerful for me and my wife that it hit us like a lightning bolt, and has inspired us to start our journey for hopefully finding a wonderful building to turn into a themed Inn (or bed and breakfast). We now dream of finding a place similar to this to create a fun community for guests to stay. Thank you so much and i hope i get a chance to speak with you one day 🌈🤙🌈
Hi MonkeyHero, good to know you liked the video and hope you found it useful :) Good luck with your journey with the property search and I am sure with the situation now there's only going to be more empty homes in Japan.
@@GoodOldHousesJapan thank you so much. May i ask? Are you open and/or available to help with property searching? Is that a service you are able to offer? I would really love help from someone as adept as you at finding another similar property as this 18 room building in this video, for my idea. Im also going to be traveling to Japan earlier next year and want to block out a lot of time to work on this, and see places and people regarding this in person. Thank you for your consideration and excellent work on your channel 🙏🌈
Very interesting. Thank you for sharing.
Thank you for watching again!
Great video! Soon we will be moving into an old house here in Japan, it's 4DK akiya!
Exciting news! Will a video be shared on your channel? Will be sure to check it out when you're done moving in.
Your videos are very insightful and enjoyable. Could you perhaps make one in which you'd let us know the "know-how" regarding permanent residency and property purchase in Japan as a foreigner?
There's no restriction to buying property as a foreigner in Japan. The biggest issue that you will find is that you will struggle to find a loan for the house. So if you have the cash to outright buy it and pay the taxes, then you are good to go.
As for getting PR, there are a few ways. The most common are:
1. Live in Japan for 5 consecutive years without committing any crimes and properly filing taxes.
2. Get married to a Japanese citizen and live in Japan for 3 years without committing crime and filing taxes properly.
Common ways to get a visa to live in Japan:
1. Work Visa: Get a Japanese company to hire you for skilled work.
2. Student Visa: Attend a Japanese university and you will be under the student visa until you graduate.
3. Spouse Visa: Marry a Japanese citizen.
4. Create a company in Japan: This is a 1 year at a time visa, and you will have to get your company/business plan approved. You will also need about $50k in a bank account under your business's name. There are more requirements too, but if you're interested in this you can read more into it.
Thank you Tom. I would like to make variety of videos that cover different topics including PR, loan, etc. That said, Derrek already answered most of your question :) Buying a house doesn't require any sort of VISA status btw so you can buy as you wish, but how long you get to stay in Japan doesn't change just because you own a property.
@@DerrekMartinez It seems like there is no such kind of retirement visa.
good Japanese once told me.. before you buy any akiya house, you should visit their neighbours first and learn the history behind the house that you want to buy.. 😅
Very important to feel the vibe of the neighborhood!
Using Google map, I managed to find this place, too.
It is inside a good neighborhood.
Exactly! Besides being a bit far from the big cities, the surrounding environment really isn't that bad.
When the webpage for the house is worth more than the house itself....
Can easily make this into a dorm/motel if you buy this. Although not sure about demand for backpackers in Japan
Nice .Japan is great
Dang it look great I would get just small vacation home when use some room for rent just make some money
Wow!! It would be amazing to make one of these houses into a hotel but I live very far from Japan 😔.
One day! first the border has to be opened first 😂
@@GoodOldHousesJapan Step by step 😂🙏!
Very cool!
Thank you!
Have you lived in Canada before by any chance? Cause you refer to the bathroom as "washroom". That's a very Canadian thing to say :)
Very cool and beautiful house; May I ask if buying houses in Japan (especially akiya) require to be a resident, or to spend a certain amount of time out of the year in Japan? Just some long term curiosity to be used as food for thoughts lol great video, really nicely done, thanks for sharing it
Thank you! If you use the Akiya banks run by the city, there's likely restrictions like needing to move in/be a full-time resident, but you can always buy Akiya (vacant homes) via general real estate sites like athome or Suumo with almost no restrictions - tourists can technically buy vacation homes and just go back every year or so.
@@GoodOldHousesJapan that was most informative, thanks a lot for taking the time to explain it to me! Much appreciated :) hopefully soon enough I’ll be able to thank properly in Japanese as well ))
I can't find any homes at this value anymore. everything has increased!
Well...it is $1 so I'm sure there aren't that many houses at this value.
@@GoodOldHousesJapan thats true! :)
great video, can you make another video showing the free houses of Kyoto Japan 🇯🇵, because I will be moving in the area in the near future, and I would like to know what services and programs are available to me as a Gaijin when I get married in Japan 🇯🇵, thanks...
The "free" houses can only be found in rural areas of Japan so don't think I can find any within Kyoto city...
Very enjoyable. I'd buy it. I can AFFORD IT! :-) D.A.. J.D., NYC
Nice 👍
Thanks!
Thank you for watching!
@@GoodOldHousesJapan Captivated.
Not only could I not find that place but I’ve been using this site for years and I’ve never seen anything under 0.5- 1million yen 10,0000-5,000 🤔 am I doing something wrong
No you're not doing anything wrong. It's quite rare to see houses under 1mil yen on the big portal sites. It seems that this house hasn't been sold yet - probably too much work to bring it back to life!
www.relight.co.jp/buy_detail/id=3493
Can you please explain why the dolls scare you? 😅
Is Akiya the name of a city/town in Japan or was it a former type (Okiy a), as in a geisha abode?
Akiya (空き家) just means vacant houses in general.
Hi, I am currently in Japan and looking for AKIYA house just like this one, I am interested and wanna know more about it pls.. Thank you .
I think this particular one is already sold... There really isn't any tips to buying these houses. The buyer just needs to be prepared to spend a lot of $$$ for repair...
@@GoodOldHousesJapan and taxes, don't forget a lot of taxes. It's the main reason why relatives of deceased abandon such properties.
How high would the yearly tax be for a house of this size?
Wonder the same...I join the question
I thought it was an exaggeration, but it was really 1USD.😀
Plus all the taxes 😂 still not so bad though if the house is in better condition...
that could become a nice hostel or hotel
cold winters...
I asked my Japanese wife about the opportunity of renovating a 100¥ abandoned clinic. Her immediate response was: "No way, too many ghosts!"
Really?
I am poor ghost ❤
What's the catch?
Is the property still availabe?
Yes actually it is still not sold yet
www.relight.co.jp/buy_detail/id=3493
@@GoodOldHousesJapan thank you
I'm interested of the house
Okay I'm very interested tell me what I should do
You would need to be in Japan first!
there has to be a catch right??? how much are property taxes in U.S dollars per year???
The catch is the renovation cost & the risk of not being able to sell it in the future (with decreasing population in rural Japan = decreasing demand of properties). The property tax for these old houses is actually cheap. This one I think was around 1k USD per year?
Abandoned clinic, it seems like it was an old folks home. Meaning there were probably many deaths there. Maybe that is why no one wants it? I saw many futon piled up probably from the past elderly residents. I would pass.
This place was still up for 1yen last week I checked. It'd be interesting to see though if anyone takes over...
can you help me to find one in Japan? foreigner can buy house in Japan too?
Yes foreigners can buy house in Japan without any restrictions. Visa or residency is a different story though.
Can we just buy it and leave it there? or do need pay extra other than just the house price. You know, that is a lot of catch when deals are too good to be true
Yes of course you can leave it there after buying it. The estimated additional cost for this place is explain in another video here
th-cam.com/video/03QwnxjMczw/w-d-xo.html
The catch for this place is probably the total amount of cost to fix
@@GoodOldHousesJapan Yes, thanks, just watch the part 2. Probably few catches or summarise and questions I would list here:
1. Annual property tax ~1000usd
2. Property tax is $0 if the house older than 20 years?
3. One off land tax for ~2000 m2 land size is 100k usd - Do we need to pay annual land tax and what if the land size is small like a little more than the house area? This is the most money need to pay upfront.
4. Other annual cost for the government such as sewerage and rubbish collection?
5. Is it freehold property or has life time such as only can own it for 99 years etc?
6. Can we renovate the house ourself? Or do we need government approve or license renovate company to do it?
It would be very interesting and helpful if you could present each of the points above for houses you going to post video on youtube. ))
Thanks
@@kailimedia Thanks for listing the points!
2. Property tax won't be 0. Just the value of the house will be close to 0 after 20 yrs so does the tax amount, but the value of the land will remain the same.
3. Yes there is the one-off "Acquisition tax" + "Inheritance tax". Inheritance tax is the expensive one that is calculated to be around 72k USD.
4. Not sure about this property.
5. 99% of properties listed on sale in Japan are freehold properties. You own the house & land forever.
6. Yes you can renovate the house yourself. Stuff like electric wiring/water & gas pipes I think you need to hire someone with a license.
Is bigger than train station.
I want it
Go get it!
Can I engaged your service to buy this house please?
Yes YK please send me a mail at info@koryoya.com and let me know how I can help.
Are there any hidden fees? If so what are they?
There are costs
1) for the disposal of large and useless items/rubbish leftover in the property.
2) annual property tax, the bigger the land and property size, the higher the tax
3) to fix the roof for serious damage/water leak, which is quite expensive for larger roof area
4) it is always hard to tell from the pictures on the condition of the foundation, floor, wall, ceiling as well as gas/water/electricity utilities. Don't be surprised if it costs 15M to 30M yen or more for the renovation of a wooden house of over 200sqm size and more than 70 yrs old and has been vacant for over 20yrs.
5) additional property tax is required for the unregistered part of property to re-register.
6) not sure if there is a gift tax incurred for this property being transferred as a gift from the seller.
BTW , this property consists of agricultural land which only certified farmers or agricultural corporations can buy.
Hi Charlie, I believe Richard answered all your questions :) I plan to explain a bit more on a ball-park estimate of how much 1) ~ 6) will cost for this particular house. Usually, Tax related costs won't be too bad for these old houses, so it's usually the condition of the house that matters most (for the renovation cost). The last point on the agricultural land is in fact the most important. It doesn't matter how much money you have, if the agricultural committee rejects your offer to buy, then you really have no choice but to give up (or actually become a farmer...).
@@GoodOldHousesJapan just wondering, can foreigner be a farmer? Or this only apply for local? Thanks.
@@peterlo1890 Yes foreigners can become farmers in Japan just like the locals.
@@leerichard9 Hi, got a question regarding point #2, isn't property tax 1.4% (1.7% before 2018) of the property market value? or does this not apply for akiya?
How do I buy
For akiya houses most likely you will need to be in Japan physically.
Can a foreigner buy these houses online?
Not like "amazone" online, but buyers living overseas can definitely buy without the need to visit Japan.
@@GoodOldHousesJapan can you pls tell any websites to buy these ?.from India?
Can a foreigner buy this ???
Yes there is no problem for a foreigner to buy properties in Japan.
What's with the doll pls? Is it some kind of an evil thing to stay away from?
Is very nice house I want I'm from iraq I want to movies for Japan
If you buy that for 1 dollar, can you demolished it???
Yes, you can do whatever you like if you own it.
Is it true? Why they are giving their lands for free?
@@jericmori3936 Some owners just want someone to take over so they don't have to continue to maintain the house & pay property taxes. None of the properties are really FREE, the buyer still needs to pay taxes & biggest part of the cost is always the renovation. The cheap/free houses often need a full-scale renovation that ends up needing more than 10mil yen and above to make livable.
hmm I don't think I would want a converted clinic as a home :\ 絶対事故部件と思う
Probably doesn't make a good home but it definitely has potential for other purposes... just need the money to fix up everything 😂
That place is probably haunted.
You are probably right.
Haunted house!!
Very likely.
Clinic = ghosts
This is a stunning house 👌 but doesn’t it say it’s built on agricultural land? So the chances of being able to buy it are low? 😣🥲😔 it’s so close to where my sister was looking at moving
It's a good looking good indeed. The house itself is not built on agricultural land but the property includes agricultural land somewhere close by. But either way buying property with agricultural land would be difficult.