(How to use inkan)
What kind of documents do you need to have for the registration of your property ?
After you acquire your property, you want to register your ownership with the officials here, right ?
If you don’t register your ownership(title), you can not legally argue that your property is yours.
You need the officially backing from the government.
Japan has the system called ‘Real estate registration’ (FUDOSAN-TOUKI 不動産登記)
How the commission for agents (realtors) work in Japan ?
The system is very different from that of USA.
In the US, sellers pay the commission to the sellers agents (listing agents) and buyers don’t pay the commission.
(Later, sellers agents split the commission with buyers agents)
In Japan, a buyer pays the 3% commission to buyers agent and a seller pays the same 3% to sellers agent (listing agent)
3% is the statutory rate and not negotiable (it is but I don’t negotiate).
Japan has been infamous for the problem of “dual agency”.
Here is the latest testimonials by Israeli investor
Mr. Zamir is CEO of a jewelry company in Tokyo. He is a designer and his wife works with him.
The couple is looking for an investment property in Tokyo (most probably condo unit) for their retirement investment.
We offered them the consulting service.
We wish them a good luck.
Are you curious about the mortgage loan in Japan ?
Few individuals have enough savings or liquid funds to enable them to purchase property outright.
It is normal for home purchases to be funded by a mortgage loan.
A mortgage loan is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds
for any purpose, while putting a lien on the property being mortgaged.
The home mortgage loan is widely available in Japan, too.
The best referral source for obtaining a foreign national mortgage loan is a local real estate broker that works in Japan.
Part-2
Japan dramatically relaxed the green card regulations a few years ago.
Now you could get the green card by investing in Japan with 1 year stay.
Japan is not selling the green card but the real estate investment (or any other type of business
by establishing your entity here) should work very well.
Again the government is not selling the green card but you can
intelligently leverage the real estate investment for the preferential treatment.
I am discussing more practical strategy to get prepared and apply for the green card.
There is even a fast track.
If you like Japan and want to contribute to my country in good ways, your investment should be
appreciated by the government.
Part-1
Japan dramatically relaxed the green card regulations a few years ago.
Now you could get the green card by investing in Japan with 1 year stay (earliest)
The government is not selling the green card but you can
intelligently leverage the real estate investment for the preferential treatment.
How ?
Again Japan is not selling the green card.
However the real estate investment (or any other type of business
by establishing your entity here) should work if you are willing to invest and create your start up in Japan.
My latest YouTube video clip about the shady realtors in Japan.
Despite the very strong suspect which many industry specialists are pointing out, major brands are exploiting
both buyers and sellers all the time.
Please find out how they make money.
Their murky deals are long over due.Read more
My latest YouTube video clip about the bank loan scandal for the investment
by ARUHI.
ARUHI (SBI group) is accused for arranging the fraudulent bank loan for
the rogue real estate realtors and investors.
They all conspired with an accomplice to get a low-interest funding to buy an investment property,
which is only applicable to the housing.
Where is the most expensive location in Tokyo ?
Ginza in Chuo-ku.
You are right. In terms of face value, Ginza is the most expensive location in Japan and those expensive
locations are commercial areas.
What about the condos relative to the ratio of rent ?
With the rise in land prices, real estate has become difficult to buy year after year.
Where is the area which is relatively cheaper than other areas in terms of the payback period using
the rent you have to pay ?
Real estate research firm Tokyo Kantei announces “Condominium PER” every year for new condos
as one of the judgment criteria.
Truth to be told.
1 in 7 homes across the country is empty.
Around 5 million of Japan’s vacant homes are intended for future sale or rental.
The phenomenon is a function of a declining population and the continued pace of housing construction.
Despite being the world’s third-largest economy, Japan’s population has been shrinking since 2010.
The population is also getting older.
A new survey shows the problem is far greater than expected.
The government recently announced the new survey result about akiya (unused house)
According to the Housing and Land Statistics Survey in October 2018 announced by the Ministry of Land, Infrastructure, Transport and Tourism, the ratio of akiya (unused house) to the total number of dwellings in the country was a record high of 13.6%
,meaning 1 in 7 homes across the country is empty.