Eric McAskill, bought an abandoned house, or akiya, in rural Japan through an akiya bank for $23,600.
Foreigners can obtain Japanese real estateOne of the best parts of Japan is that foreigners can own property, McAskill said.
AdvertisementAdvertisementBut navigating akiya banks can be confusing because every community in Japan manages its own directory of abandoned houses, McAskill said.
"The real-estate agents worked with the notary here to prepare the documents and sent me a copy in Bali," McAskill said.
AdvertisementAdvertisementThe transaction was finalized without a hitch, and McAskill's currently in the midst of restoring the abandoned property.
Persons:
Eric McAskill, McAskill, —, eyeing, they've, McAskill's
Organizations:
Service, Foreigners
Locations:
Japan, Wall, Silicon, Bali , Indonesia, Bali, Canada