General Inquiries and Answers

What documents are required for purchasing real estate in Japan?

A proof of identity (passport), seal, purchase application form, and proof of residence are required.

How much are the real estate purchase fee and related costs?

The brokerage fee is 60,000 Yen plus 3% of the real estate sale price. The consumption tax is 8%.

Also, there are other costs such as Judicial Scrivener's fee, property taxes, real estate transfer tax, registration fees and stamp fee.

For example, buying a 5,000,000 yen property requires about 540,000 to 550,000 yen in costs. For more information, please contact us.

How much is the deposit?

Depending on the purchase price of the property, generally, a deposit of between 5% to 10% of the property price is required when signing the contract.

The deposit is refundable if the agreements on the contract do not meet. However, in some cases, the deposit is not refundable if the buyer decides to cancel the contract even though the contract meets its requirements.

What is the process of a real estate purchase in Japan?

After determining which property you want to purchase,

(1) submit an application for the purchase

(2) sign the contract of purchase and sale

(3) apply for a mortgage if applicable, or wire payments from overseas.

(4) transfer title and pay taxes

Can I acquire the permanent residency status in Japan if I purchase real estate in Japan?

If certain conditions are met, a business manager Visa (from one year up to three years) can be obtained. Also, it is possible to apply for permanent residency or a permanent visa if the certain conditions are met. For more information, please contact our agents.

Is it necessary to buy insurance?

Purchasing insurance is an option. However, we highly recommend purchasing insurance for a condominium purchase or rental property.

Generally, fire and earthquake insurance requires a one-time payment of 5-year or 10-year term.