Surge in Second-Hand Apartment Purchases Through Social Media: The Why

The popularity and usage of social media in sourcing and buying second-hand apartments are on the rise in Japan. Recent trends indicate a surge in these online real estate acquisitions, leading many to question the influencing factors and consequences of this shift. Encouraging market prices, convenience, and efficient access to a variety of options are potential drivers behind this emerging trend.

In Japan, second-hand apartments are often seen as an affordable alternative to new properties. The use of social media in the purchasing process has added a layer of accessibility and flexibility to the market, offering potential buyers an easier way to view and compare properties. This has resonated with a demographic that prefers digital transactions over traditional real estate shopping. This trend also plays into a social push for a more sustainable and affordable living.

Similarly to Japan, the US and EU also experience growth in online property buying, exploiting the convenience of digital transactions over traditional in-person real-time bargaining. The use of online platforms and social media for real estate transactions has revolutionized property dealings, particularly during the pandemic, when physical viewing became restrictive.

Information for Your Country

The trend towards online property transactions is not unique to Japan. Check out popular real-estate websites like Zillow (US) or Right move (UK) for similar services in their respective countries.