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The Municipality of Kyoto has applied with the Ministry of Internal Affairs to introduce a provision allowing the city to tax the owners of empty homes and holiday houses. If the tax provision is approved, Kyoto will become the first in Japan to implement such a system. The new tax, set for introduction in 2026 at the earliest, aims to boost the property market amid an exodus of young people struggling to secure housing in Kyoto. It could serve as a reference for other cities facing similar problems if effective.
Kyoto has strict building regulations to preserve its landscape, resulting in a supply shortage and the departure of the city's younger residents, many of whom cannot secure housing amid skyrocketing prices.
Kyoto has strict building regulations to preserve its landscape, resulting in a supply shortage and the departure of the city's younger residents, many of whom cannot secure housing amid skyrocketing prices.
Kyoto to introduce Japan's first empty homes tax
The new tax, set for introduction in 2026 at the earliest, aims to boost the property market amid an exodus of young people struggling to secure housing in the city.
Kyoto eyes empty homes tax to stem exodus of young people
The western Japan city of Kyoto plans to introduce a tax on empty homes and holiday houses to boost the property market amid an exodus of young people struggling to secure housing.