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The Surprising Link Between Ghosts and Cheap Rent in Japan

• arclein

Any property in which an occupant has died of unnatural causes ?" suicide, murder or neglect ?" means it has a defect that must be explained to the consumer. So if a gruesome murder-suicide occurred in an apartment, it's against the law to conceal that information from prospective renters. In a country abounding in superstitions about death, this transparency leads to a significant drop in demand. And so to get a property moving, the price is often reduced. A lot. There is a loophole, though: Only the first tenant after the incident needs to be notified. And then the price is likely to zoom back up to Tokyo standards.

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