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Can foreigners who do not have permanent residency in Japan buy Japanese real estate? Many people may have this question. There is no such thing as a foreigner being unable to buy real estate, and the number of people purchasing real estate in Japan is increasing. In addition to living in rental properties, an increasing number of foreigners wish to purchase real estate for residential or investment purposes.


Today, we will explain the "key points" of whether it is possible for foreigners to purchase real estate in Japan, and whether it is possible for those without permanent resident status to obtain a mortgage loan.


There are no restrictions on foreigners purchasing real estate in Japan.

In some foreign countries, there are restrictions on real estate ownership by foreigners, and in some countries, foreigners are not allowed to purchase real estate. In Japan, however, there are no legal restrictions and foreigners can purchase real estate if they have the funds available. Regardless of one's status of residence or visa status in Japan, one can own real estate in Japan. Conversely, the purchase of Japanese real estate by a foreigner does not entitle the foreigner to permanent residency, nor does it make a visa unnecessary or change the type of visa in cases where a visa is required to stay in Japan. However, some documents required for the purchase of real estate may differ from those of Japanese nationals.


In fact, the number of foreigners purchasing real estate in Japan is increasing due to the weak yen and other factors. The process and required fees are no different from those for Japanese people buying real estate. However, it may be difficult to obtain a mortgage loan to buy a house if you do not have permanent resident status. There are many financial institutions that require that you have a permanent residence visa. If you are turned down for a loan by a bank or other financial institution, consult with a financial institution that does not require permanent resident status.

In addition, real estate acquisition tax, fixed asset tax, and other taxes related to the purchase and ownership of real estate in Japan are imposed on foreigners in the same manner as on Japanese nationals.

To ensure a smooth real estate purchase, it is recommended to use a real estate agency that understands foreigners!


In the next article, we will provide detailed and easy-to-understand information on the process and specific documents required for foreigners to purchase real estate in Japan. We will also cover tips on how to make the real estate purchase go smoothly and the post-purchase procedures, so please refer to this article if you are interested in buying real estate in Japan. Stay tuned for the next article!


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