Can Properties That Cannot Be Rebuilt Be Considered as Investment Targets? [Survey Results Announcement]

Survey on the Possibility of Properties That Cannot Be Rebuilt as Investment Targets

While properties that cannot be rebuilt can be inexpensive and offer high yields, they are high-risk real estate due to the impossibility of rebuilding and difficulty in selling.

Specialized know-how is essential for their management, but information on whether they are truly profitable or whom to consult is scarce, leaving many unsure about considering them as investment targets.

Therefore, Dream Planning Co., Ltd. (Naka-ku, Yokohama, Kanagawa / Representative Director: Takashi Takahashi), which operates the real estate problem-solving website Fudosan Kaitori Center, conducted a survey among individuals interested in real estate (289 valid responses) on whether properties that cannot be rebuilt can be considered as investment targets.

[Request for Citation and Reproduction of Data]

When using the survey results and images from this release, please include a link to the Fudosan Kaitori Center URL (https://dream-plan.com/fudosan/saikenfuka-investment-survey/) where the survey results are published.

No permission from our company is required for publication.

Survey on Properties That Cannot Be Rebuilt: Respondent Demographics (289 valid responses)

Gender Composition

Male: 179 people (approx. 62%) Female: 110 people (approx. 38%)

Age Group Composition

20s: 52 people (18.0%) 30s: 97 people (33.6%) 40s: 81 people (28.0%) 50s: 45 people (15.6%) 60s: 14 people (4.8%) 70s and above: 0 people (0%)

Survey Period

July 28, 2025 - February 1, 2026

Can properties that cannot be rebuilt be considered as investment targets?

First, when asked if properties that cannot be rebuilt could be considered as investment targets, a large majority of 84.4% responded, "Cannot consider."

On the other hand, the positive group who responded, "Can consider," was only 30 cases (10.4%), about 10% of the total. Even when combined with the undecided group of 15 cases (5.2%), it became clear that a cautious stance is predominant.

From this result, it is understood that properties that cannot be rebuilt remain a "special category" with high psychological and practical hurdles for many people.

However, more than 10% of investors see potential, indicating a very niche market characteristic where judgment is sharply divided depending on the presence or absence of knowledge and experience.

1st place: Cannot consider 244 cases 84.4%

2nd place: Can consider 30 cases 10.4%

3rd place: Cannot say either way 15 cases 5.2%

Valid responses: 289 cases (single answer)

Please tell us in detail if properties that cannot be rebuilt can be considered as investment targets.

Next, we asked in more detail about the investment potential of properties that cannot be rebuilt.

1st place: Not at the moment 86/289 29.8%

2nd place: Will not buy under any circumstances 66/289 22.8%

3rd place: Will not consider due to lack of knowledge 60/289 20.8%

4th place: Might be good depending on the property 32/289 11.1%

5th place: Will consider if there's a possibility of rebuilding even if difficult 15/289 5.2%

6th place: Positive depending on price and yield 11/289 3.8%

6th place: Interested, want to study, might buy depending on the property 11/289 3.8%

8th place: No particular resistance 4/289 1.4%

9th place: Have some knowledge and consider positively 2/289 0.7%

9th place: Good at properties that cannot be rebuilt. Can say I like them 2/289 0.7%

Valid responses: 289 cases (single answer)

The survey results revealed that general real estate investors have a very strong sense of caution regarding properties that cannot be rebuilt as investment targets.

"Difficult to consider. Not at the moment" came in 1st place at 29.8%, and "Absolutely cannot consider. Will not buy under any circumstances" came in 2nd place at 22.8%, with these two negative opinions alone accounting for the majority.

This is thought to reflect respondents' deep-rooted anxiety about the risk of future asset value depreciation caused by the fatal restriction of being unable to rebuild, and the difficulty of exit strategies (selling) after management.

Next, we will introduce comments from those who chose 1st to 5th place.

1st place: Not at the moment 86/289 29.8%

"Difficult to consider. Not at the moment" was chosen for 1st place. Comments show that many feel that "basically, the risk is high" unless there is a "property where a clear exit strategy can be envisioned."