Buying property in Japan can seem daunting for foreigners, but it’s an achievable dream. Whether you’re planning to stay long-term or looking for a holiday home, here’s how to get started.

1. Legal Rights for Foreign Buyers

• Foreigners can buy property in Japan just like Japanese nationals.
• No restrictions on visa status when purchasing property.
• You can buy both the property and the land it sits on.
• No expiration dates for property rights.
• Same tax obligations as Japanese citizens.

2. Securing a Home Loan

• A potential hurdle: securing a home loan in Japan.
• Seek professional advice from experienced real estate brokers.
• Political movement towards regulating purchases for foreigners.
• Report your property purchase under the Foreign Exchange and Foreign Trade Control Act if you’re not a resident in Japan.

3. Required Documents

For Non-Residents:

• Proof of identity (e.g., passport).
• Certified affidavit validating your ID.
• Obtain the affidavit before arriving in Japan.

For Japanese Residents:

• Proof of identity.
• Proof of residence.
• Residence card.
• Personal seal (hanko).
• Certificate of seal impression (inkan toroku shomeisho).

4. Important Considerations

• Use a real estate broker to prevent bureaucratic mistakes.
• Be aware of property value, earthquake-proof housing, and reporting requirements.

Remember, professional advice is crucial when navigating the Japanese real estate market. Happy house hunting! 🏠🌸

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Sources:

1. A beginner’s guide to buying property in Japan as a foreigner
2. Guide to Buying a Home in Japan
3. Your All-In-One Guide to Buying Property in Japan as a Foreigner
4. Can Foreigners Buy a Property in Japan?¹²³⁴