Patri Inc. (Minami Aoyama, Minato-ku, Tokyo; CEO: Motohide Ai), a specialist in buying and brokering 'problematic real estate,' conducted a survey targeting residents in the Tokyo metropolitan area who own or have inherited such properties, including non-rebuildable land, shared ownership, and leasehold rights. The survey revealed a serious reality of owners being 'unable to sell even if they want to.'

### Main Survey Results (Summary) - Considered selling or disposal at least once: approx. 82% (98 out of 120) - 'Not yet sold/disposed': approx. 43% (over 40% of those who considered selling) - Reason for acquisition: 'Inheritance' (approx. 70%) - 'Have not consulted anyone': approx. 19% (1 in 5) - Average time to complete a sale: approx. 11 months

### Background of the Survey When real estate is inherited, it is often a 'problematic property' like non-rebuildable land or shared ownership. Such properties are difficult for standard real estate companies to handle, and major agencies often refuse them. Owners are forced to leave them vacant due to a lack of information, facing burdens like annual fixed asset taxes, building deterioration, and conflicts among heirs.

### Prevalence in the Tokyo Area A screening survey of 2,000 residents in the Tokyo area found that about 11% (1 in 9) have experience owning or inheriting problematic real estate. Breakdown by type: - Shared ownership real estate: 5.6% - Leasehold properties: 4.25% - Non-rebuildable properties: 3.4% - Leased land (底地): 1.7%

### Issues Faced After Acquisition (Voices from the Owners) - Ongoing burden of fixed asset taxes and maintenance costs - Inability to dispose of or change registration alone due to shared ownership - Rent negotiations and rights disputes with lessees - Restrictions on usage due to non-rebuildable status (no reconstruction or expansion) - Difficulty in management due to living far away

Respondents expressed their distress: 'I can't make decisions alone because of shared ownership' (Tokyo, male, 66); 'I was at a loss when I realized I couldn't rebuild or expand while still paying taxes every year' (Tokyo, male, 63).

FACT BOX

  • Source: PR TIMES
  • Category: Survey