Japan is one of the more open property markets in the world. Overseas buyers can generally purchase homes and land without being a citizen or resident, but the process is different from the U.S. Here are the essentials.
Who can buy
There is generally no citizenship or residency requirement to own property in Japan. Some areas near sensitive facilities are subject to monitoring, and rules can change, so confirm the current position for your target location.
The buying process
- Set a budget and area. Consider price, commute, climate, hazard maps and future resale.
- Work with a licensed local broker. Communication in English is essential.
- View and make an offer. Offers are usually a written purchase application.
- Due diligence. Review the registry, zoning, boundaries and building condition. Buildings built before 1981 were designed to older earthquake standards.
- Contract and explanation of important matters. This is delivered in Japanese, so arrange translation.
- Closing and registration. Funds are transferred and ownership is registered, often through a judicial scrivener.
Costs and taxes
Expect brokerage fees, registration costs, acquisition tax and annual fixed asset tax. Rules and rates depend on the property and can change.
Financing and money transfers
Mortgages for non-residents are limited, so many overseas buyers pay in cash. International transfers can trigger reporting requirements.
Cheap houses (akiya)
Vacant rural houses can be very inexpensive, but renovation, access and local support matter more than the price. Inspect carefully.
How PDC helps
We coordinate property searches, viewings and closing steps with licensed local professionals. We do not give legal or tax advice. Browse real estate listings or tell us what you want.
This guide is general information, not legal, tax or customs advice. Rules change and depend on the item and destination. See What We Can’t Ship or Buy and confirm requirements with the relevant agency.
Ready to start? Send us a request and we will check it before you spend anything, or browse our listings.