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Avoid Costly Mistakes: Understanding the Key Differences Between Residential (for living) and Investment Properties in Japan
Understanding the Differences in Choosing Residential (for living)
vs. Investment Properties in Japan: A Guide to Successful Real Estate Decisions
Overview:
This article delves into the differences in approach when selecting residential (for living) and investment properties in Japan’s real estate market.
It covers crucial aspects such as bank loan conditions, taxes, methods of gathering property information,
the various types of investment properties and their market characteristics, how to choose the right real estate agency, and exit strategies.
By addressing these topics, the article provides specific steps and tips for making successful property choices, regardless of the buyer’s goals.
Differences in Purpose and Selection Criteria:
For residential properties(for living), the primary focus is on ensuring comfort and convenience for yourself and your family.
Factors such as location, environment, and proximity to essential amenities are prioritized.
In contrast, investment properties prioritize profitability, with the main criteria being the future potential of the area, rental market trends,
and the resale value of the property.
Investors do not live in these properties, so they must make objective, rational decisions as investors.
Bridging the Language Gap: How Yamamoto Property Advisory Ensures Clarity in Japanese Real Estate Contracts
For Foreigners: The Importance of Japanese Contracts and How to Explain Them？
Pros and Cons of Conducting Real Estate Transactions for Foreign Clients Using Contracts Translated
into Foreign Languages
We found a very interesting article on the Real Estate Transaction Promotion Center’s (公益財団法人 不動産流通推進センター）website.
In this article, we will share the content and inform you of our company’s approach to this issue.
Background and Key Figures
The background of the article is based on a consultation with a real estate company (Not Yamamoto Property Advisory)
that is not experienced in handling foreign clients.
As real estate transactions with foreign clients increase, said brokerage firm, specializing in sales and rentals, faces the challenge of preparing transaction documents
in foreign languages and arranging interpreters.
Tokyo’s Retail Real Estate Trends Q1 2024: Opportunities for Foreign Investors
Summary of CBRE Japan Retail MarketView Q1 2024
Who is CBRE?
CBRE Group, Inc. (Coldwell Banker Richard Ellis) is a global commercial real estate services and investment firm headquartered in Los Angeles, California.
With operations in over 100 countries, CBRE is the world’s largest commercial real estate services and investment firm, offering a broad range of services,
including property sales, leasing, management, valuation, and advisory. Renowned for its extensive market research and industry insights,
CBRE provides valuable data and analysis to help investors, property owners, and tenants make informed decisions in the real estate market.
Overview
The CBRE Japan Retail MarketView (commercial properties) for Q1 2024 provides a comprehensive analysis of the retail real estate market across various key high street areas in Japan.
The report highlights trends in vacancy rates, average rents, and sector-specific demand, focusing on both Tokyo and regional cities.
Understanding Tsubo
In the Japanese real estate market, “tsubo” is a common unit of measurement for area. One tsubo is approximately 3.3 square meters or 35.6 square feet.
This unit is often used when discussing property sizes and rental rates in Japan, especially in the context of commercial and retail spaces.
2024 Land Value Surge in Tokyo and Kanagawa: Key Factors and Future Insights for Foreign Investors
Land Value Surge in 2024: Insights for Foreign Investors in Tokyo and the Kanto Region
Key Points:
- Metropolitan Area Focus
- Economic Trends
On July 1(2024), the National Tax Agency announced the land value(路線価）
as of January 1, showing a national average increase of 2.3%,
marking the third consecutive year of growth.
This rise, the largest in 16 years, is driven by the recovery of inbound tourism,
redevelopment projects, and increased housing demand.
Regional Highlights:
The average land value increased in 29 prefectures, with the highest increases in:
- Fukuoka: +5.8%
- Okinawa: +5.6%
- Tokyo: +5.3%
- Hokkaido: +5.2%
- Miyagi: +5.1%
- Aichi: +3.2%
- Osaka: +3.1%
- Saitama: +2.1%
Comprehensive Cost Analysis: What to Expect When Purchasing Japanese Property
Introduction
The Japanese real estate market offers unique opportunities and challenges for investors and homebuyers alike.
This article delves into the myriad costs associated with property transactions beyond the listing price,
helping you to budget effectively and navigate the market with confidence.
Understanding Purchase Costs
When buying property in Japan, costs extend far beyond the advertised price.
These vary based on the property’s location, type, and the transaction’s specifics.
Brokerage Commission (仲介手数料）:
In Japan, brokerage fees for real estate transactions typically consist of 3% of the property’s sale price, an additional fixed fee of 60,000 yen,
and a consumption tax, which is currently at 10%.
These fees(commission) are payable to real estate agents (buying agents or listing agents).
Similarly, when you decide to sell your property through agents, the same fee structure applies.
You will need to pay 3% of the property’s sale price, plus a fixed fee of 60,000 yen,
along with the 10% consumption tax currently applicable.
These fees are payable to your selling agents.
Tokyo’s Real Estate Outlook 2024: Insights from NLI Research for International Investors and Residents
Introduction
*Greater Tokyo transaction price and transaction numbers
(From NLI chart)
As a leading expert with 15 years of experience as a residential property investor and landlord in Tokyo’s real estate market,
Yamamoto Property Advisory offers unparalleled insights and tailored investment strategies
for foreign investors looking to navigate this dynamic landscape.
Our deep understanding from a landlord’s perspective enriches our advisory services,
ensuring that you receive the most informed and strategic guidance available.
The report from NLI Research Institute, a think tank of Nihon Life insurance group, dated March 22, 2024,
provides an analysis of the used condominium market in the Tokyo metropolitan area (greater Tokyo, including
Tokyo, Kanagawa, Saitama and Chiba)with a focus on the effects of financial policy changes
and market dynamics.
The used condominium market in the Tokyo metropolitan area has a significant impact on the overall real estate market in Japan
due to its large scale and influence,and because Tokyo is the center of economic activity in Japan. For this reason,
this market is considered an indicator of the entire Japanese real estate market.
Here’s a concise summary of the main points of the report.
Tokyo’s Property Market in 2023 (as of October) : An In-Depth Guide for Overseas Investors
Introduction:
Tokyo, a city that seamlessly blends the ultramodern with the traditional, stands as a beacon of opportunity in the global real estate landscape. For foreign investors looking to dive into this market, understanding its current trends is crucial. In this comprehensive guide, we’ll explore the latest developments in Tokyo’s real estate market, focusing on the used condominium sector, which offers insightful glimpses into the city’s economic heartbeat.
*Please click to enlarge the image
Investing in Japanese Real Estate through Mortgage Property Auctions: What Foreign Investors Need to Know
Investing in Japanese Real Estate: What Foreign Investors Need to Know
Japan is a country with a rich history and culture, and its real estate market is no exception.
With its unique blend of modernity and tradition,
Japan offers a wide range of investment opportunities for foreign investors.
However, investing in Japanese real estate can be a complex process,
and it is important to understand the legal and
cultural nuances before making an investment.
As a real estate agent based in Tokyo serving foreign investors,
I have seen first-hand the potential for growth and success
in the Japanese real estate market.
In this article, I will share some key information t
hat foreign investors should know before investing in Japanese real estate.
Capitalizing on Japan’s Booming Real Estate Market: An Opportunity for Foreign Investors
Investing in Japan’s Real Estate Renaissance:
Uncovering Opportunities in Tokyo and Beyond
In the ever-evolving landscape of global real estate investment,
it’s essential to keep a close eye on emerging trends and opportunities.
One such opportunity that has recently come to light is the significant growth
in real estate investment in Japan’s capital region.