Archive For The “Property Purchasing Guide” Category

A third of apartments in central Tokyo sell at full asking price

A third of apartments in central Tokyo sell at full asking price

A common question we get from buyers is how much of a discount can they get on the asking price of a property. The honest answer is that it varies. Some properties will sell at their full asking price, while others may sell at a discount. Typically two-thirds of all reported apartment sales in central…

Landlords: Ending a lease is not easy

Before buying an investment property in Japan it is important to understand how tenancy laws work. What may be acceptable in one country is not necessarily allowed in Japan where tenant rights are strong. A big difference to be aware of is how to end a rental lease as a landlord. Why would you want…

Buyers guide: Understanding floor sizes for apartments, houses and land

Buyers guide: Understanding floor sizes for apartments, houses and land

To ensure consistency, the Real Estate Transactions Act has rules that real estate companies must follow when displaying property floor sizes on advertisements and in contract documents. Why does it matter? Some tax breaks have size restrictions, and these sizes will be based on different methods of measurement. The home loan tax reduction, which allows a…

Buying land: Understanding the differences between registered and actual land size

Buying land: Understanding the differences between registered and actual land size

If you are buying land or a house and land in Japan, it is essential to understand how land sizes are measured and represented on contract documents. Measured size vs. registered size Each parcel of land has a size that is registered on the land title. This size is decided by the Legal Affairs Bureau…

Beware of agency-arranged building inspections

Recently, several of Japan’s major real estate brokerages have started offering home inspections on properties they list. In some cases the agency will offer to provide coverage for up to two years following the sale for any defects, but the fine print usually requires the property to already be free from defects and for the…

Buying real estate in Kamakura – a quick overview of building restrictions

Buying real estate in Kamakura – a quick overview of building restrictions

Located between the mountains and sea, Kamakura is an ancient city located 50 km south of Tokyo. The city came to prominence in the 12th century when it was home to the Kamakura Shogunate. Unlike some of the more urban cities in Japan, Kamakura has retained much of its traditional character. The city is characterised…

Consider earthquake resistance when buying real estate in Japan

Consider earthquake resistance when buying real estate in Japan

Nowadays Japan has some of the most rigid earthquake codes, however that wasn’t always the case and older buildings may be more susceptible to earthquake damage than some buyers realise. Picking a location Choose a property on solid ground. Properties on reclaimed land, flood plains, former lakes, ponds, riverbanks, rice fields, or marshes are more…

Earthquake insurance in Japan

Earthquake insurance in Japan

If you own real estate in Japan, you may with to obtain optional earthquake insurance to provide some coverage against earthquake damage. Earthquake insurance payouts from the 2011 Tohoku disaster totalled 1.3 trillion Yen. Not only were homes lost or damaged from the shaking, but fires and the devastating tsunami caused significant damage. If you are…

How to be a successful property buyer in early 2016

February and March are the busiest months in the real estate industry in Japan. In the Tokyo metropolitan area, approximately 30 ~ 50% more sales occur in March than in April. In April, fresh graduates will be starting at their new jobs, while schools will be starting their new year. This means many families and young workers…

Fast moving market in central Tokyo means some buyers are missing out

As we previously wrote about in May last year the property market in central Tokyo has indeed switched to a seller’s market. In December 2014, the supply of secondhand apartments in Chiyoda, Chuo and Minato reached a record low. Compared to 2011, there are currently less than half the number of apartments on the market. Meanwhile,…

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