Blizzardboy | A Kiwi in Japan

Found this site: Japankeibai.com whilst surfing the intrawebs today. The website has a good number of foreclosed property listings, mostly in Tokyo as well as in Osaka and other parts of Japan. Still not quite sure how the service works, but the properties seem to be very cheap. I know a number of foreigners here in Japan who bought property here during Japan’s bubble period, and who paid some very high prices for those properties, and as a result are still paying off home loans from that period. Today things are a bit easier, and if these properties are as cheap as they appear to be then there are some really good deals on the japankeibai.com site.

As a little aside, when we were in Akita late last year we saw some properties being advertised for sale there. The cheapest houses were 1,200,000 yen – and that is for a house! In the middle of nowhere, and pretty run down, but insanely cheap! More normal and livable house started at around 3 times that.

Here is a list of the latest properties listed on the Japan Keibai website: