How do I sell my property in Japan?

The first step in selling a property is to assess its value, which can be done with the assistance of an estate agent. Once the selling price is set, it is necessary to put the property on sale and to bind a mediation agreement with an agent who intermediates to sell the property.

How much is a Japanese house worth?

A simple wood-framed house costs on average 200,000 Yen/sqm to build, while basic reinforced-concrete houses can cost anywhere from 450,000 Yen/sqm and up. Prices will rise depending on design and finish, with some luxury custom-builds costing up to 1,000,000 Yen/sqm+.

How do you sell a house effectively?

How to Sell My House Fast

1. Clean and declutter.
2. Pick a selling strategy.
3. Set an attractive price.
4. Invest in minor repairs.
5. Stage and add curb appeal.
6. Use professional photography.
7. Create a listing strategy.
8. Time your sale right.

Why do Japanese homes only last 30 years?

The Japanese government dictates the “useful life” of a wooden house (by far the most common building material) to be 22 years, so it officially depreciates over that period according to a schedule set by the National Tax Agency.

Is housing expensive in Japan?

Outside of central Tokyo, housing costs are distinctly lower, especially in the suburbs, surrounding prefectures and in other regions and cities of Japan. The nationwide average monthly rent, not including utilities, for a one room apartment (20-40 square meters) is between 50,000 and 70,000 yen.

How to buy a house in Japan?

Guide to Buying a House in Japan Step 1: Research Properties and Financing Options The first step for anyone wanting to buy a residence is to start by researching the various options, setting your priorities, and determining a budget.

Do you have to pay the real estate agent in Japan?

Unless you are using an akiya bank, or buying a foreclosed property, you will also need to pay the real estate agent. Although it would be illegal in many Western countries, Japanese real estate agents can collect a commission from both the seller and the buyer. This is limited by law to 3\% of the sale price + JPY 60,000 + consumption tax.

How do I set up a business in Japan?

You can either establish a Representative Office, a Branch Office, or a Subsidiary Company. In Japan, a Representative Office, is not allowed to act in sales activities (refer to the link above for details). For those looking to start a new business within Japan, you will need to establish a company and obtain a specific VISA.

What is the process of buying property in Japan?

In most respects, the process of buying property in Japan is very similar to buying real estate in any other country. However, the actual process can be opaque and time-consuming, especially if you do not speak or read the language. In this guide, we have divided the buying process into eight simple steps.