#Japan #vacant homes #Nexwill #Shiogama

Tackling the Vacant Homes Crisis with Nexwill

In a significant move to address the persistent issue of vacant homes, Tokyo-based Nexwill, a company specializing in the acquisition of problematic real estate, has been officially appointed as the vacant homes management support organization in Shiogama City, Miyagi Prefecture. This designation will remain effective from April 30, 2026, for a period of three years.

Background of the Designation

Shiogama City, which has a total of 23,320 residences, is facing a critical vacant home rate of 11.1%, with 2,590 properties currently unoccupied. Alarmingly, the number of homes classified as 'other housing,' which fall outside rental or sale categories, has surged by approximately 1.5 times over the last 15 years. This trend mirrors a national pattern, signaling that the issue of abandoned homes is likely to escalate further.

In light of these developments, Nexwill's role as a vacant homes management support organization becomes crucial for promoting effective management and utilization strategies for such properties in the city. Leveraging its expertise in the acquisition of problematic real estate, along with a rich history of collaboration with local governments, Nexwill aims to gather information about vacant homes and assist property owners, which is essential for fostering the circulation of these homes and revitalizing the community.

Responsibilities as a Support Organization

As a designated support organization, Nexwill will undertake several vital tasks, including:

• - Providing consultation and intention surveys to vacant home owners.
• - Conducting assessments and buying empty properties.
• - Hosting consultation sessions tailored for vacant home owners.

What is a Vacant Homes Management Support Organization?

A vacant homes management support organization is a legal entity recognized under Japan's special measures law for promoting the handling of vacant homes. These organizations collaborate with local governments to facilitate information sharing and consultations for vacant home owners, thereby stimulating effective utilization strategies. This framework, established following 2023 legal amendments, is anticipated to enable private entities with expert knowledge to play a proactive role in solving local vacant property challenges.

About Nexwill

Nexwill specializes in acquiring vacant or problematic real estate that is generally difficult to sell. The company implements various measures to rectify legal issues that complicate the sale of these properties, effectively eliminating the 'problem' associated with them, and subsequently reselling the revitalized assets.

Individuals often associate problematic real estate with stigmatized properties. However, issues can arise from various factors, including shared ownership due to inheritance, properties that do not meet building code requirements preventing reconstruction, or instances where multiple successions have occurred without proper registration, leading to unknown ownership.

Nexwill actively engages in acquiring such properties and rectifying title issues through its 'Wakegai' business initiative.

Moreover, Nexwill is committed to solving the emerging vacant home crisis through robust public-private partnerships with municipalities and sports teams. By establishing collaborative agreements with multiple local governments to support vacant home solutions, and working alongside sports teams, Nexwill fosters synergies among local governments, sports clubs, and its own organization. This triadic partnership aims to address vacant property issues while invigorating local community life.

Company Overview

• - Name: Nexwill, Inc.
• - Location: 5-10-5 Shinbashi, Minato-ku, Tokyo, 105-0004, Japan
• - CEO: Tomoyuki Maruoka
• - Business Activity: Acquisition and resale of problematic real estate
• - Website: Nexwill

'Wakegai' Initiative

Nexwill's initiative focuses on the purchase of vacant and problematic properties. The company offers solutions for property owners struggling with management, including properties that cannot be rebuilt or those held under shared ownership. Utilizing its legal and professional knowledge, Nexwill reintroduces these homes into the market.

Learn more about Wakegai

'URI・KAI' Platform

This online C2C platform connects sellers of troublesome properties or vacant homes with prospective buyers at a national scale.

Explore URI・KAI

'URI・KAI for INVESTOR'

A membership-based site catering to real estate investors, listing vacant homes purchased by Nexwill, many of which can be used for rental purposes.

Join URI・KAI for INVESTOR

Contact Information for This Announcement

• - Company: Nexwill, Inc.
• - Public Relations Contact: Tsuzuki
• - Phone: (03) 6435-7950 / 080-7040-2920
• - Email: [email protected]