Turning Empty Properties into Profits
Japan's decreasing population is causing negative effects on the property market. One major issue, is the number of abandoned homes that can be found almost anywhere. A potential solution one company has come up with is to refurbish them stylishly. They then find renters and share the lease income with the property owners. Elsewhere, a local municipality has created a new matching system to help find tenants for empty store and office spaces. This effort has helped the town to turn wasted spaces into new business.
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