When you buy a condominium, there are ongoing monthly costs beyond just repaying your mortgage. These include "management fees" and "repair reserve funds." It's important to fully understand these fees before making a purchase. In this blog post, we'll provide a detailed explanation of these costs, which you'll continue to pay even after buying your condo. ■(1) Ongoing Costs After Purchasing a...
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The documents required for purchasing property in Japan vary depending on whether you need financing. ■(1) If You Are Residing in Japan and Using Financing■ Certificate of Residence Seal Registration Certificate (issued within the last three months) Identification (Passport or Residence Card) Registered Seal Seal Certificate : This document certifies the authenticity of the seal...
With the 2024 legal reforms, there have been changes to the procedures and required documents for purchasing property in Japan. This guide will walk you through the latest information in a clear and concise manner. ■Passport Copy■You will need to submit a copy of your passport, specifically the page showing your name, photo, and expiration...
■Ownership of Real Estate in Japan■ You can purchase and own real estate in Japan just like Japanese nationals. Here are the key features: Acquisition of Ownership: You can acquire ownership of land and buildings. No Restrictions: There are no regulations based on permanent residency, Japanese nationality,...
Japan's real estate market has become an attractive option for foreign investors due to the historic depreciation of the yen. The yen temporarily fell to "1 dollar = 156 yen". The yen has depreciated for the first time in 32 years. As the yen depreciates, foreign investors are accelerating their purchase of real estate in Japan. Why Japan real estate is popular with foreign investors First of all, one...