| Japan is regarded as the Asia Pacific region's | | | | nightclubs. No wonder why this area is popular among |
| economic driver, and hence boasts of a highly | | | | the foreigners. Buying a second hand house or |
| matured real estate market. Just as the United | | | | apartment and renovating it in good condition could |
| States has in use the Multiple Listing Service (MLS), | | | | also yield good profits. Further, for those looking for |
| the Japan has in use the Real Estate Information | | | | cheaper options, it would be better to buy a |
| Network (REINS), which in turn was introduced in | | | | property in remote areas like Hokkaido and Tohoku |
| 1999. | | | | as well as in prefectures including Yamaguchi and |
| In Japan, the real estate covers everything from | | | | Shimane. |
| residential properties to commercial and industrial | | | | A real estate property in Japan can be acquired by |
| properties. Included in the residential properties are | | | | anyone. However, it would be more convenient to |
| single detached houses, high-end apartments, and | | | | those investors with a long term visa. It would be |
| excellent condominiums and townhouses. The | | | | even better if an investor has a permanent visa. The |
| commercial property market in Japan is considered | | | | prime reason for this is due to difficulty in availing for |
| the largest, after that of the US. There are a | | | | loans. It is quite difficult even for a Japanese to avail |
| plethora of real estate properties that are spread | | | | loan in the country. Hence, it would be even chaotic if |
| across the major cities as well as prefectures of | | | | a foreign investor does not have proper visa and job. |
| Japan. | | | | However, a foreign can avail loan, provided he satisfy |
| One of the specialties of Japanese people is that | | | | certain conditions such as, |
| they always like to possess new items, no matter it | | | | - If he has been living in the country for specified |
| is car or electronic items, and hence no exception in | | | | period and can speak the Japanese language |
| the case of real estate properties. In other words, | | | | - If he is married to a Japanese and has children |
| brand new real estate as well as properties of less | | | | going Japanese schools |
| than five years old is of special demand in Japan. | | | | - If he has a stable job in Japan |
| Real estate investment in Japan falls under two | | | | - If he possesses a good credit history |
| categories such as investing in real estate properties | | | | - If he is able to provide valid reason for his stay in |
| for private purposes and acquiring real estate | | | | the country |
| properties solely for investment purposes. Included in | | | | However, an investor can easily acquire a property in |
| the options that are most suitable for private | | | | the country, if he has money suffice to invest in a |
| purposes are brand new houses as well as | | | | property in Japan. |
| condominiums, brand new apartments, second hand | | | | In Japan, the laws and regulations in connection with |
| apartments with lowest rate of depreciation, and | | | | buying and selling of real estate property is managed |
| second hand houses. Options for investment | | | | by the Legal Affairs Bureau, under the administration |
| purposes include both brand new and second hand | | | | of the Ministry of Justice. According to the Japanese |
| apartments and houses. | | | | Civil Code, on the registration of a real estate |
| The prices of property vary depending upon the | | | | property, the rights pertaining to its ownership or |
| nature of the property as well as the place where it | | | | leasehold would be legally established. |
| is located. For instance, purchasing a new apartment | | | | A plethora of realtors as well as real estate firms are |
| or house in such sought after areas as Azabu, | | | | now in the scenario in order to help you find a |
| Akasaka, and Aoyama in Tokyo would serve as an | | | | property in Japan that goes according to your unique |
| excellent investment and could undoubtedly fetch | | | | requirements. They provide a range of services such |
| you good returns in the form of rent. Likewise, | | | | as market analysis, consultation, project |
| investing in properties located in such hotspots of | | | | management, asset evaluation, property |
| Central Tokyo as Roppongi, Nogizaka, and Atago, | | | | management, and valuation and advisory services. In |
| can also fetch you good profits. | | | | some instance, these firms even render the services |
| Roppongi is a highly sophisticated area packed with | | | | of professional attorneys in order to verify the |
| superb housing and shopping options, restaurants, and | | | | authenticity of real estate documents. |