There are any number of places to buy foreclosed property in Japan. Away from the larger cities, you can find very cheap houses for less than $25,000. I am doing a random search here to give people an idea of the types of property available. My focus in this post is Ibaraki Prefecture, just north of Tokyo. Probably not my favourite place, but its fairly close to Narita (Tokyo) Airport, so good international connections for those looking for a holiday house.
This particular house I found listed on the http://bit.sikkou.jp website. When I searched for the address of this house, I came up with another foreclosed search website you might prefer. The minimum purchase price for this property is Y1.76 million ($US20,000), and a deposit of Y440,000 is required. You can download the specifications from either website as a PDF file.
The land area is 499m2, the house is 27 years old, and its 127m2 in floor area. The location of the property is here.
The address of this property in Japanese is: