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Why are there millions of empty houses in Japan?

The Inquiry

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The Importance of Old Homes in Japan

Kazuki Morimoto is an associate professor in Japanese at the University of Leeds. In some countries buyers compete to pay premium prices for old properties, not in Japan. That's because Japan is prone to natural events like earthquakes and typhoons. The newer houses tend to be more expensive just like the UK but the building companies are very good at largating,. So they build according to their needs.

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