Nagoya City Introduces Special Measures to Curb Vacant Homes, Effective January 1, 2025
Nagoya City has announced the implementation of special measures aimed at preventing the increase of vacant homes within the municipality. These significant policy changes will come into effect on January 1, 2025, and will apply to property transfers occurring on or after this date. The announcement was made by the Nagoya City government, highlighting their commitment to addressing the growing issue of underutilized properties.
This initiative focuses on providing tax incentives to property owners who choose to transfer ownership of their homes, particularly those who have been vacant for an extended period. The core of the special measures involves a revised approach to the capital gains tax levied on the sale of residential properties.
Under the new regulations, when a property that has been vacant for a certain duration is sold, sellers may be eligible for a reduction in the capital gains tax. This reduction is intended to encourage owners to actively find new occupants or buyers for their properties, rather than allowing them to fall into disrepair and become vacant. The specific duration of vacancy that qualifies for these tax benefits, as well as the exact percentage of the tax reduction, will be detailed in official guidelines released by the city.
The rationale behind this policy shift is multi-faceted. Firstly, the proliferation of vacant homes can negatively impact the aesthetics and safety of neighborhoods. Secondly, these properties often represent a drain on municipal resources and can contribute to a decline in local community vitality. By incentivizing the transfer of ownership and encouraging the revitalization of existing housing stock, Nagoya City aims to foster more sustainable urban development and improve the quality of life for its residents.
This proactive approach by Nagoya City demonstrates a clear understanding of the challenges posed by vacant properties and a commitment to implementing practical solutions. Property owners considering selling a home, especially one that has been vacant, are strongly encouraged to familiarize themselves with the details of these new measures. Further information, including eligibility criteria and application procedures, is expected to be made available through official Nagoya City channels as the implementation date approaches. This policy is a positive step towards ensuring that Nagoya’s housing resources are utilized effectively and contribute to the continued prosperity of the city.
空き家の発生を抑制するための特例措置（令和6年1月1日以降の譲渡について）
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名古屋市 published ‘空き家の発生を抑制するための特例措置（令和6年1月1日以降の譲渡について）’ at 2025-08-12 23:55. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.