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Japanese real estate purchasing process
Buying real estate, required documents, fees and more
Real Estate Buying Process From Purchase
Japan real estate delivery
1. Property search
2. Preview
3. Purchase application
4. Loan pre-approval
5. Description of important matters
6. Real estate sales contract
7. Final loan review
8. Payment/Delivery
Expenses other than property price
1. Brokerage fees
2. Fire insurance premium
3. Registration fee
4. Stamp duty
5. Real estate purchase tax
6. Fixed assets tax settlement funds
7. Remuneration of judicial scriveners
Combined with the above costs, miscellaneous expensesUsually about 10% of the house price.
materials needed
Persons residing in Japan/persons with residence status
■Resident Record
■ Residence Card/Special Permanent Resident Certificate
■ Seal (not required if there is no seal)
■ Seal certificate (required for loan)
■ ID card (driver’s license, passport, etc.)
Persons who do not live in Japan/persons who do not have residence status
■ Affidavit (as proof of address and signature)*
■ ID card (driver’s license, passport, etc.)
*Affidavit must be signed by a private person.
The affidavit must be authenticated at the consular section of your country or your country's embassy in Japan.
Notification obligations under the Foreign Exchange Law
When foreigners living overseas purchase real estate in Japan, it falls within the category of "capital transactions" stipulated in the Foreign Exchange Act and must submit an application to the Minister of Finance through the Bank of Japan within 20 days of purchasing Japanese real estate. According to the prescribed reporting format, the name of the acquirer and the purchase price must be reported.
However, the following situations do not require reporting.
1. When a non-resident, a relative, employee or other employee of a non-resident acquires the property for the purpose of residence.
2. When acquired by a non-resident who conducts non-profit business in Japan for the purpose of conducting business.
3. When a non-resident purchases property for use as his or her office.
4. When acquiring real estate from other non-residents
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