Can Foreigners Get Real Estate Ownership in Japan?
Foreigners are able to purchase ownership rights of Japanese real estate.
There are no legal limitations except few special area like national security area, port facilities. Japan do not request any conditions about your nationality, where you live, residence visa and so on. You can purchase Japanese real estate same as Japanese people.
Steps for Purchase Real Estate in Japan
Step 1 : Consultation
We have to know client's requirement (location, price, usage, purpose, season and so on).
When you purchase a property in Japan, it takes some cost including agent commission, registration fee and purchase price. We highly recommend making a cash/financial plan for all cost to prevent unexpected expenses. We will inform all related information before purchasing and support making the plan. We are able to introduce certified public accountant, bank officer or other specialist in Japan.
Step 2 : Decide Properties and Visit Actual Site
Once we decide properties you need. We show details of the property and invite you to confirm the actual facilities. Available online tour (Zoom, Google Meeting, Whatsup and more).
Step 3 Purchase Offer
Once you decide the property you need, we submit your purchase offer to seller, and negotiate all related conditions with seller.
Step 4 : Conclusion of Contract
Once buyer and seller agreed to the transaction, we make agreement and explain the details including important details which required to explain by law.
After the explanation and buyer agreed to the conditions, the buyer and seller sign the contract.
Step 5 : Transfer Registration
When you get ownership of real estate, you have to register your ownership in government system. Once buyer purchased the property, we arrange the registration procedures.
Laws and Regulations related to Real Estate
MLIT (Misnistry of Land, Infrastructure, Transport and Tourism) has released information about laws and regulations relating to real estate transaction in Japan.
Refer to the official website "MLIT publishes basic information about laws concerning Japanese real estate transaction in English"