{"id":10656,"date":"2021-01-18T11:28:47","date_gmt":"2021-01-18T04:28:47","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=10656"},"modified":"2021-06-04T15:56:23","modified_gmt":"2021-06-04T08:56:23","slug":"japan-encourages-migration-out-of-tokyo-via-home-ownership","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/japan-encourages-migration-out-of-tokyo-via-home-ownership\/","title":{"rendered":"Japan encourages migration out of Tokyo via home ownership"},"content":{"rendered":"<p>Many people prefer leaving the capital to inhabit a less expensive and crowded environment<\/p>\n<figure id=\"attachment_10659\" aria-describedby=\"caption-attachment-10659\" style=\"width: 1000px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"size-full wp-image-10659\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1792427539.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1792427539.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1792427539.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1792427539.jpg 620w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1792427539.jpg 190w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2021\/01\/shutterstock_1792427539.jpg 1000w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-10659\" class=\"wp-caption-text\">Japan&#8217;s residential area, suburbs of Tokyo. Imagepocket\/Shutterstock<\/figcaption><\/figure>\n<p><span data-contrast=\"none\">According to <a href=\"https:\/\/www.japantimes.co.jp\/news\/2021\/01\/09\/national\/media-national\/housing-ownership-rent\/\" target=\"_blank\" rel=\"noopener noreferrer\">Japan Times<\/a>, new\u00a0<\/span><span data-contrast=\"none\">organisations<\/span><span data-contrast=\"none\">\u00a0have indicated that people are migrating out of Tokyo into the suburbs, especially<\/span><span data-contrast=\"none\">\u00a0as \u2018new normal\u2019 work schedules avert the need to go to work, suggesting the fact\u00a0<\/span><span data-contrast=\"none\">that<\/span><span data-contrast=\"none\">\u00a0people who live in Tokyo only do so for their\u00a0<\/span><span data-contrast=\"none\">jobs, but<\/span><span data-contrast=\"none\">\u00a0will take the\u00a0<\/span><span data-contrast=\"none\">opportunity to leave and reside in less expensive areas.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">The government is certain to uplift this trend,<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">as it has occasionally attempted to\u00a0<\/span><span data-contrast=\"none\">relieve Tokyo<\/span><span data-contrast=\"none\">\u00a0from ove<\/span><span data-contrast=\"none\">rflow<\/span><span data-contrast=\"none\">.<\/span><span data-contrast=\"none\">\u00a0The land ministry\u00a0<\/span><span data-contrast=\"none\">authorised<\/span><span data-contrast=\"none\"> a scheme that grants JPY400,000 (USD3,855) worth of points to families that seek <\/span><span data-contrast=\"none\">to become energy-saving homeowners.\u00a0<\/span><span data-contrast=\"none\">If a family has three or more children and plans to move out of Tokyo, points increase up to 1 million points. <\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">However, at least one of the parents should have worked in Tokyo\u2019s 23 wards, and the contract must be signed between 15 December 2020 to 31 October 2021.<\/span><span data-contrast=\"none\"> If such a family decides to purchase a previously owned home without energy-saving features, they are still eligible to receive 300,000 points. <\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-contrast=\"none\">\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">As the government\u2019s main concern is to promote homeownership, it has also drawn out the tax cut for housing loans<\/span><span data-contrast=\"none\">, which was initially implemented as a measure to counter<\/span><span data-contrast=\"none\">\u00a0the feared fallout from past consumption tax hikes.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/japanese-residency-in-flood-zones\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Japanese residency in flood zones<\/strong><\/a><\/p>\n<p><span data-contrast=\"none\">Despite the mass departure out of Tokyo, the government is still keen to use tax money to promote housing sales.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">S<\/span><span data-contrast=\"none\">ince the 1980s, housing policy has focused on promoting home ownership<\/span><span data-contrast=\"none\">\u00a0at the expense of rental housing, especially public housing.\u00a0<\/span><span data-contrast=\"none\">However, there are currently about 8.5 million vacant homes in Japan, half of which are rental properties,<\/span><span data-contrast=\"none\">\u00a0and could use that tax money to transform such units into affordable rental housing.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">After the COVID-19 pandemic, more residents have been forced into homelessness and rent misconduct due to unemployment. If emergency benefits aren\u2019t extended once more and the current economic state continues, renters may end up on the streets.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">According to poverty specialist Karin Amamiya, governments have not conducted <\/span><span data-contrast=\"none\">proper\u00a0<\/span><span data-contrast=\"none\">surveys to approximate the\u00a0<\/span><span data-contrast=\"none\">extent of the problem, which limits the implementation of effective anti-poverty policies.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"none\">Potential homeowners can rely on the government for aid, but those with insecure housing situation<\/span><span data-contrast=\"none\">\u00a0need to be given more spotlight.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559685&quot;:360,&quot;335559739&quot;:120,&quot;335559740&quot;:259,&quot;335559991&quot;:360,&quot;469777462&quot;:[360],&quot;469777927&quot;:[0],&quot;469777928&quot;:[8]}\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many people prefer leaving the capital to inhabit a less expensive and crowded environment<\/p>\n","protected":false},"author":12,"featured_media":20950,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[146,1018,144],"class_list":["post-10656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-japan","tag-rent","tag-tokyo","news_country-japan","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Japan encourages migration out of Tokyo via home ownership | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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