When Investing In Real Estate In Japan, Do You Own The Land Property Rights?
Answer: Buying a house in Japan is equivalent to buying land, which is a permanent property.
What Is The Typical Rate Of Return When Investing In Real Estate In Japan?
Answer: In order to attract Chinese buyers to buy houses in Japan, many companies will post attractive figures such as annual returns of 10%-12%. In fact, such returns are rare in Japan. Taking apartment rentals as an example, the surface annual return rate is generally 6%-8%. We also need to take into account various expenses such as annual property taxes and management fees, which can be estimated at 1.5%. Then, the actual return rate is about 4%-5%.
When Investing In Real Estate In Japan, Which City Is More Cost-Effective?
Answer: Tokyo is currently the city with the best property value preservation and the greatest room for appreciation.
Are There Any Restrictions When Foreigners Invest In Real Estate In Japan?
Answer: No. Since the law was reformed in April 1998, restrictions on non-Japanese nationals purchasing property in Japan have been lifted. The taxes are also the same as when Japanese people buy a house. Japan enjoys freehold land rights, and properties owned by foreigners can continue to be inherited by foreigners.
How Are House Prices In Japan?
Answer: The properties in Japan are all fully decorated when sold and are calculated based on the use area. Taking the 23 wards of Tokyo as an example, apartments of 20 square meters to 80 square meters are generally priced at 10-80 million yen, which is about 52- 4.18 million yuan (exchange rate on December 27, 2022).
After Investing In Real Estate In Japan, How Will The Property Be Managed And Who Will Manage It?
Answer: Our company has a professional property management team that can handle leasing, tenant management, rent, tax payment and other chores.
What Is The Repair Fee?
Answer: The repair fee is the monthly building inspection and repair preparation fee that each owner of this building needs to pay. When there is inspection or repair of elevators, exterior walls, public water pipes, electrical wiring, etc., the inspection and repair costs will be paid from the repair fee fund. When the fund for repair costs is insufficient, each building owner needs to share the inspection and repair costs.
Can I Buy A House Jointly With My Spouse?
Answer: Yes. When buying a house, you need to submit each person’s identity certificate, and when filing taxes every year, you must fill out each person’s tax return.
After Investing In Real Estate In Japan, What Should I Do If The Tenant Does Not Pay The Rent?
Answer: Japanese people rarely default on rent arrears. Generally, when renting a house in Japan, you need to submit a certificate of employment, a certificate of income, rent guarantor information, a 1-2 month deposit in advance, a 1-month gift, and a 1-month agency fee. and 1st month’s rent. If there is no rent guarantor, you must join a rent guarantee company. When the rent is overdue, you can recover the rent from the guarantor or rent guarantee company.