With the Tokyo property market currently booming (condominium prices hit all-time highs for the second straight year in 2022), there is increasing interest from clients in Japanese real estate for both residential and investment purposes.
Purchasing a property in Japan can be rewarding but complicated, considering various costs and timeframes. This article will walk you through the general steps in purchasing a property in Japan, including the expected costs and time frames.
Please note that this article is aimed primarily at those currently residing in Japan and looking to purchase real estate to live in or for investment.
While it is possible to purchase Japanese real estate as a non-resident, banks will only lend to residents. As a non-resident, you will be looking at a cash-only purchase.
The process of buying property in Japan is as follows: