Can foreigners purchase real estate in Japan?
Yes. There are no limitations to purchase real estate in Japan by foreign nationals.
Can real estate be purchased jointly or in a company’s name?
Yes. In the case of companies, purchases are limited to registered corporate entities. Please submit officially certified copies of documents that prove the company name, address, and the name of representative director.
Is the land freehold title?
Yes, ownership of this property is freehold (fee simple).
What is the procedure to purchase real estate in Japan?
The procedure is as follows.
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.
When purchasing real estate, what kind of costs and taxes are there in addition to the purchase price?
Followings will be necessary.
* Costs vary depending on the property. The above rates are approximate estimates for the Hakuba Wadano Alpine Resort properties.
How much is an agent’s commission?
In the case of Hakuba Wadano Alpine Resort property, commissions are included in the purchase price and no additional commissions needs to be paid. For other properties, an agent’s commission of 3% of the purchase price plus 60,000 yen as well as the 5% consumption tax must be paid.
Can foreigners obtain loans from banks?
Unfortunately, it is virtually severe for foreigners to obtain loans from Japanese banks, especially the resort real estate.
Is the contract in Japanese? Is an English translation available?
The original version of the contract is in Japanese, but we will provide an English translation to each customer needs.
Can I request property management?
The local Morino Lodgemay in charge of your property management, and you can even rent our your cottage during your absence to create your real estate investment opportunity. Please contact us for details.
How much will it cost to build a structure?
The cost will vary depending upon the size of the structure, building methods, materials, equipment, and so on but a three-bedroom wood structure of 120 sq. m would be around 30 million yen or a little bit more. This figure includes basic instruction and equipment.