Government support is being offered to businesses that repurpose empty dwellings. These dwellings, known as akiya, are not currently on the market or in use.
A significant number of akiya are expected to exist by 2043, potentially totaling nearly 6 million. This would account for over 8% of all housing in Japan.
Further details about the government's plan to provide loans for akiya renovation are available from the source. The initiative aims to give new life to these empty dwellings, but specific terms and conditions have not been outlined here.
