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The Japan News/Yomiuri
The Japan News/Yomiuri
Business
Momoko Uchida / Yomiuri Shimbun Staff Writer

Vacant homes get new lease on life

An ice cream store, which set up shop in a house that lay abandoned for seven years, is seen in July. (Credit: The Yomiuri Shimbun)

In recent years, an increasing number of vacant houses have been sitting unoccupied -- even in good locations in urban areas. Now, however, owners are taking advantage of leasing services that renovate such homes and sublease them as residences or shops.

The businesses turn a profit by rehabilitating properties and transforming them into income-producing assets on behalf of the owners, who often lack the relevant expertise to utilize their properties effectively.

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