• Kyodo News


The number of houses and condominiums sold at auction jumped 46.3 percent to 30,180 between April and September as unemployment remained high and income fell, according to a real estate industry group.

“The effects of last year’s financial crisis have just begun to be felt, so a full-fledged increase in home auctions should occur toward spring,” a top official of Fudosan Kyobai Ryutsu Kyokai said.

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