Several foreigners continue to migrate to Japan, particularly to Tokyo, for reasons such as business, family, and travel.
For those migrants, investing in a real estate in Japan has become a need too valuable to pass up. Real estate business in Japan is continuing to rise over the years due to the many tourists coming into the country. This is why several land owners have already converted their residential properties into income-generating properties in the past few years. Apartments, for instance, is a great source of incomes for Japanese landlords because serviced apartments (already
fully-furnished and packaged with basic amenities) are the new craze for modern tourists.
For those who are interested in starting a real-estate business in Japan, all you need to accomplish is to obtain a license from The Minister of Land, Infrastructure, Transport, and Tourism or from the respective Prefectural Governors.
The license is valid for 5 years and is required for all those wanting to sell or purchase lands or buildings for residential purposes; trading lands or buildings for residence; set-up a real estate agency for buying, selling, trading, and leasing of
lands or buildings; and intermediation of selling, purchasing, trading, or leasing of lands or buildings for residential purposes. However, if you are planning to buy, sell, trade, or lease one of your properties other than for the purposes already mentioned, there is no need for you to obtain a Real Estate Business license.
Anyone planning to obtain a license should also pass a certain examination in order to be qualified as a Real Estate
Transaction Manager (RETM). Not being qualified as such would deem a person disqualified from obtaining the license.
Locals and foreigners who have already legal permanent residency in Japan (not to be confused with citizenship) are also eligible to bid on properties auctioned by the judicial court of Japan. These properties are taken by the court from landowners that no longer pay their debts and taxes. This is of course, legal and this is a great way to obtain properties at a lower value than having to go through real estate agents.
Whatever methods of obtaining a real estate property you may have in mind, however, it is clear that these properties will continue to increase in value through the years. Whether you use these properties for residential purposes or to generate sustainable income, there seems to be no time better than now to invest in real estate properties in Japan.
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