How Can Foreigners Purchase Real Estate in Japan

[@trimora5687]

Really useful!

[@MikeIsCanadian]

Such a great video. Very informative. Thank you.

[@TonyTsai]

Great guideline to start, the video check all the boxes for me. Will be in contact soon. Thank you

[@inquisitvem6723]

How did it go?

[@TonyTsai]

@@inquisitvem6723 timing isn’t right for us. Little eerie about soft currency going on.

[@120090501]

Thank you for the info.

[@tygrys7622]

amazing information thank you !

[@kleerogers]

My wife and I are from Canada, we want to buy a small house in Tokyo, we need an English speaking agent. We will arrive November 1, and stay for a week, we travel to Japan often and plan to move and buy many properties in Japan, mostly Tokyo/Osaka/Fukuoka area. The first property will be for us and our personal use, but we plan to buy many rental properties over the next few years or so. We are selling our portfolio here in Canada Looking forward to working with you Thanks

[@PLAZAHOMESltd]

Thank you very much for contacting us. We will reply to your inquiry via email.

[@Nightowl1981]

This is spot on!

[@KickAssets]

I own 12 houses in Japan and have created a course on purchasing something in Japan. I also offer services. I cover way more details in my course, but It IS NOT easy for people coming from abroad and this is why I also started my service.

[@KickAssets]

@@Sector-B-77 1800? lol maybe in the country side. That's massive for Japan. And NO not anyone can buy those. Buying a place bought in 2023 isn't as good as investment. Your ROI will be very low. I don't fully understand your due to abandoned? You can renovate.

[@kumar1702-m3o]

I am an Indian..Can I buy property in Japan...but I am not a resident of Japan?

[@KickAssets]

@@kumar1702-m3o Technically, yes, you can own. But you may need someone like me to sign as your proxy as the Japanese want someone local to contact in case of issues.

[@kumar1702-m3o]

@@KickAssets Thx useful information share 👍😊

[@inquisitvem6723]

@@Sector-B-77you sound like a scammer

[@AProfilename]

What if I have cash 💵 to buy a home 🏡 and I don’t need a loan 💵 does it make it significantly easier buying homes 🏡 in Japan 🇯🇵 I really want to start buying homes 🏡 in Japan 🇯🇵 soon 🔜

[@PLAZAHOMESltd]

Thank you for your message.　 If you do not live in Japan, taking out a loan in Japan is almost impossible, so cash purchases are required. If you live in Japan, there are conditions for taking out a loan, and the screening process takes time, so if you can buy in cash, you can eliminate the loan screening process, which makes the sale transaction faster and easier. Plaza Homes will be happy to assist you if you are looking for a home in Tokyo.

[@AProfilename]

@@PLAZAHOMESltd thank you so much for the reply! Could I get your contact info so we can continue taking

[@inquisitvem6723]

Your English is superb. Where did you learn it?

[@bkind1622]

Great video Haruka, I think the biggest question is how do non residents get financing to buy an apartment in Tokyo? Thank you 😊

[@PLAZAHOMESltd]

Hello B-San. Thank you for watching and for leaving us a comment. Basically, it is considered difficult for non-residents to obtain financing to purchase a property in Japan. This is because banks require residency in Japan for foreigners to apply for a loan. However, for investment purposes, if you meet financial institution’s requirements as well as understand the interest rate being high, there might be a few options that you may be able to try. With that said, most of our foreign clients who live abroad tend to go through cash transactions. I hope you find this information helpful and please let us know if you have any further questions.

[@donnyswanson1383]

How about for people with spousal visa living in Japan, I work as well

[@PLAZAHOMESltd]

@@donnyswanson1383 If you are living and working in Japan and have a resident card, passport, seal and other required documents, financing is available depending on meeting each bank’s requirements. We would be happy to assist you so please feel free to inquire us at [e-mail]

[@Nightowl1981]

​@@donnyswanson1383 If you are a full time company employee (正社員) and are married to a Japanese you can obtain a house loan even if you don't have PR. I used Shinsei Bank (now renamed SBI).

[@donnyswanson1383]

@@PLAZAHOMESltd that’s a no then

[@dipakagarwal5052]

Haruka-san, your explanation was excellent. I have been residing in Japan for the past five years. Could you kindly provide me with further guidance on purchasing a house?

[@PLAZAHOMESltd]

Thank you very much for your comment. I am glad to hear that my explanation was helpful and would be happy to provide you with further assistance. Please email me at [e-mail]. I look forward to hearing from you.

[@josephjohnson60]

This is a great video, however I'm interested in purchasing a home in Kanagawa ken. Can you help with this, or do you recommend someone who can assist me with purchasing in Kanagawa? Thank you.

[@PLAZAHOMESltd]

Thank you for watching our video and we appreciate your comment! We are mainly dealing with properties in Tokyo area but could cover some parts of Kanagawa such as Yokohama and Kawasaki areas etc depending upon the property size and type. We wonder if you are looking to any particular areas in Kanagawa to purchase? Thank you.

[@deyabuNeo]

I would like to ask if a foreigner who buys a property can rent it or do any other businesses like Airbnb considering that the foreigner is living abroad

[@PLAZAHOMESltd]

Thank you very much for your comment. To answer your question, yes, foreigners who buy a property can rent it out. For further information, please email us at [e-mail]. We look forward to hearing from you.

[@wisutu]

I do interested in investing , looking for building which has 4-6 units for rental

[@PLAZAHOMESltd]

Thank you for your message. We understand your requirement. Could we discuss further by email? If so, please could you contact at [e-mail]?

[@joseantoniodonato42]

As an American, if I bought a house there and wanted to live there long term. How is it possible obtaining a Residency Visa?

[@PLAZAHOMESltd]

Thank you for your message. There could be some relationship between investing properties continuously and obtaining business manager visa in Japan but buying a house and living there for long time should perhaps not be directly related to obtaining a residency visa.

[@joseantoniodonato42]

@@PLAZAHOMESltd thank you so much for your information. I guess as an American I could stay there for up to 90 days. Go back to the Philippines stay there for a week or two and return to Japan again for another 90 days.

[@emilianogabriel9613]

@@joseantoniodonato42it’s ok that plan work to Japanese immigration because we’re planning to live permanently in Japan if that system work so we don’t need multiple entry visa

[@luckyeggsolar2914]

Can you share on costs eg taxes and house related maintenance etc after purchasing? Thk u

[@PLAZAHOMESltd]

Thank you very much for your comment. Please email me at [e-mail] so that I can answer your question. I look forward to hearing from you.

[@Dailylife20091]

We are planning on invest a property in Japan. I am Australian citizen, can you pls give me more info

[@PLAZAHOMESltd]

Thank you very much for your comment. Please email us at [e-mail]. We look forward to hearing from you.

[@biancamarvelous2575]

Do you have Akiya houses? Or do you know any agents that shows Akiya houses?

[@PLAZAHOMESltd]

Sure, we have properties for sale. Please send us your inquiry via : www.realestate-tokyo.com/buy/inquiry/

[@bennydeguzman7668]

I am a foreigner. I am not a resident of Japan. I plan to buy a condo (which you called Mansion) in Tokyo, but I know it is very difficult for foreigners to open a bank account in Japan, in order to auto-pay the Dues and the Real Estate Tax. After I buy the condo, it is possible for me to open a bank account in Japan, as a foreigner ? Thank you.

[@PLAZAHOMESltd]

Thank you for your message. Basically, a non-resident of Japan is not eligible to open a bank account in Japan. After buying a property, payment of taxes as well as management fees for condominiums, etc. will be required, therefore, we provide a wide range of follow-up services to handle the necessary payments and management of the property. If you have any further questions, please feel free to contact us at [e-mail].

[@DJParulan]

Hi. What does "Total Annual Repayment" mean? In my computation, 50,000,000 property value dvided by 35 years then divided by 12 months is around 119,000 yen. But on the video, the monthly payment is 233,300 yen. In the 35 year paying 233,300 yen monthly, will result to 98,000,0000 yen in total which is more than the property value. Does the "Total Annual Repayment" include the interest on the loan?

[@PLAZAHOMESltd]

Hello thank you for your message. Yes the total Annual Repayment includes the interest on the loan.

[@DJParulan]

Ahh I see. So the interest is base on the annual income? So let's say the annual income 10m instead and properry value of 50m, the monthly payment will 291, 667 for 35 years?

[@PLAZAHOMESltd]

@@DJParulan Thank you for your message. The video was trying to explain that the total repayment amount should be 35% of the annual income. For a borrower having the annual income of 10m, 3.5m divided by 12 equal to approx.290K should be the targeted repayment amount, which isn’t related to the property value. According to the bank’s loan simulation system, say 1% loan interest rate, 35 years loan term, 290k monthly loan repayment, could be resulted in the possible loan amount of over 100m yen.

[@hanekds6119]

What would be the "reasonable" income to get business management visa?

[@PLAZAHOMESltd]

Thank you very much for your question. We will be happy to provide more information if you could email us to the following address: [e-mail]. Thank you and we look forward to hearing from you.

[@inquisitvem6723]

Can I get a long term visa if I pay full cash for a home?

[@PLAZAHOMESltd]

Thank you for your message. Buying and owning real estate is not related to a visa in Japan, so one cannot obtain a long-term visa by buying a property in Japan.

[@aerickwander]

Do you have any office in Fukushima? I'm looking at buying a landed house here

[@PLAZAHOMESltd]

Thank you very much for your inquiry. I am sorry, but we are located in Tokyo and provide services only in Tokyo area.

[@peterbedford2610]

Most visas are 90 days. Owning proprrty does not get you residency. Many houses in Japan actually depreciate in price.

[@inquisitvem6723]

I heard about depreciation, but I’m thinking a renovated home will appreciate. Also as more foreigners renovate the homes they buy and sell it to other foreigners, the homes will appreciate. Also overall, the more foreign investors there are, the prices of homes will trend upward. It’s all about supply and demand.

[@angeliquecheskaayad6700]

I’m a filipina is it possible to purchase a house in Japan ? What about the visa?

[@PLAZAHOMESltd]

You can purchase real estate in Japan despite your nationality, country of residence, visa type, etc. However, please note that you cannot obtain a visa by purchasing your own home. In some cases, if you purchase a property for an investment purpose and conduct a business that will generate a reasonable amount of income, you may be able to obtain a business management visa. I hope this information is helpful and please let me know if you have any other questions.

[@koriko88]

I’d buy anything from her. 😊

[@cncfan]

Can you rent out your home if it was purchased with a mortgage loan?

[@PLAZAHOMESltd]

In general, yes you should be able to rent it out but you would be advised to check with your mortgage lender if the mortgage is under own home loan terms instead of investment purpose.

[@christian1834]

Hi Haruka, I am a cash buyer do my options open up?

[@PLAZAHOMESltd]

Thank you very much for your comment. Please email me at [e-mail] so that I can answer your question. I look forward to hearing from you.

[@cuzcohusky3533]

Hey are you in real estate? How do I reach you for consultation???

[@PLAZAHOMESltd]

Thank you very much for your comment. Please email us at [e-mail]. We look forward to hearing from you.

[@TraditionalJapaneseHouse]

you might like mine

[@emilieshi1101]

Do you have branch office in fukuoka

[@PLAZAHOMESltd]

Thank you very much for your inquiry. We do not have a branch office in Fukuoka. We are located in Tokyo and provide services in central Tokyo.

[@jonathanchan7448]

What if you are not 45 or younger for the loan?

[@PLAZAHOMESltd]

May we assume your point was regarding the loan duration (the age of full loan repayment)? Assuming 79 year is full repayment age, it would be reduced by 34 years loan duration instead of 35 years? If younger than 44 years, 35 years loan duration should be possible but again this is subject to the bank’s assessment result.

[@1stzard]

What if you are paying in full?

[@PLAZAHOMESltd]

Thank you very much for your question. I would like to answer your question through an inquiry. Please email me at [e-mail]. I look forward to hearing from you.

[@emilianogabriel9613]

The only problem is visa can an American citizen can get multiple entry visa in Japan

[@PLAZAHOMESltd]

Thank you for your message. The multiple entry visa in Japan should be issued as long as required conditions are satisfied but we would need to work with a law firm. Please let us know if you would like us to introduce to a law firm?

[@emilianogabriel9613]

@ another question is an a American citizen allowed to stay in 90 days so if I went to Philippines and stay there for a month can we go back to Japan for another 90 days stay

[@PLAZAHOMESltd]

@@emilianogabriel9613 Thank you for your question but perhaps we, as an estate agency, could not be qualified to answer this question we are afraid. It would be better for a lawyer to answer? A property in Japan can be purchased without having visa.

[@Cordycep1]

I think there will be alot more Akiya if the foreigners never comes back to live in their home, or their heirs never knew they have the property.

[@Thenadergholipour]

Do you have a service to provide business manager visa by purchasing property in japan as well?

[@PLAZAHOMESltd]

Thank you for your message. For the visa issue, we would need to work with a law firm who can consult and support for visas. Please let us know if you would like us to start communicating with the law firm? Thank you.

[@Thenadergholipour]

@PLAZAHOMESltd thank you very much for kind reply. Which step needs to be taken first? Buying a property or the visa extension? I can provide 33000000 ¥ once I sell my property in Toronto which takes 3 months, can you be able to find house so we can apply for extension of visa with that for my next visit to Japan? Thank you🌹🙏

[@PLAZAHOMESltd]

@@Thenadergholipour Thank you for your reply. Since buying a property isn’t simply related to obtaining a visa in Japan, it would be better to check the visa requirements with the lawyer before purchasing a property. Please could you reply to this email address [e-mail] so that we could discuss further?

[@reyzellgames911]

This is not what I need I need a website where I can see the houses that is not century 21 and I can’t find that 😡

[@RonaldoSanchez-g1y]

if my US Government job allowed me to work remotely from anywhere I would be on the next flight to Japan

[@yellow13foxtwo]

Then How can a foreigner find love in japan ??

[@deyabuNeo]

If you are handsome and have money then you have options but If you are not then you have to play the game in a hard mode like most of us

[@wpn-k8d]

beri gud

[@campeau29]

FUNDS TO PURCHASE, if wiring money from another country, prepare yourself for interrogation from your Japanese bank: "where did you get this money? Prove it! We will think about it for a few weeks and decide if we will release the funds or send them back."

[@ButteredWaffle86]

How did the situation end for you???

[@TOOTOO-f6v]

No thanks.