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Japanese Real Estate FAQ
Can non-Japanese citizens buy property in Japan?
Yes, non-Japanese citizens are eligible to purchase property in Japan and there are no residential requirements in order to purchase.
Is real estate in Hakuba and area leasehold or freehold (fee simple)?
The great majority of all property for sale in the Hakuba area is fee simple. Any exception to this would be clearly noted in the property description.
What is the procedure to buy land in Japan?
1) Make an offer by submitting an application for the property you would like to purchase.
2) Receive an explanation of the important matters of the property.
3) Conclude a contract (within one week from the offer) and pay a deposit (10% of the purchase price in general).
4) Settle the account (within one month of concluding the contract) by paying the remaining amount (90% of the purchase price in general) and other costs.
5) At the time of settlement, the property is delivered and the transfer of ownership is registered.
2) Receive an explanation of the important matters of the property.
3) Conclude a contract (within one week from the offer) and pay a deposit (10% of the purchase price in general).
4) Settle the account (within one month of concluding the contract) by paying the remaining amount (90% of the purchase price in general) and other costs.
5) At the time of settlement, the property is delivered and the transfer of ownership is registered.
What type of documentation is necessary to register the purchased real estate?
To register real estate in your name, you need personal identification issued by the national government or a public agency of the country where you live stating your current address and full name. Please contact us for further details.
What costs are there in addition to the purchase price?
• When the contract is signed, a stamp duty of 7,500 yen is necessary for any purchase of 50 million yen or less
• At the time of settlement
• Registration fee and tax of approximately 60,000 yen per parcel
• Acquisition tax of approximately 100,000 yen per parcel
• The above rates are approximate and depend on the value of the property. Please contact us for further details.
• At the time of settlement
• Registration fee and tax of approximately 60,000 yen per parcel
• Acquisition tax of approximately 100,000 yen per parcel
• The above rates are approximate and depend on the value of the property. Please contact us for further details.
Can non-Japanese citizens obtain loans from Japanese banks?
It is virtually impossible for non-Japanese permanent residents to obtain loans from Japanese banks. Please note that owning property in Japan does not confer permanent residence to the owner, though it may be the first step on the way.
Will the contract be in Japanese or English?
The official version of the contract will be in Japanese. An English translation will be provided for you.
Is there a system in place for property management?
Property management, including upkeep, rental management, snow removal and other details can be provided by our locally based staff. Please contact us for further details.
Hakuba and Areas
