What are the costs of buying a property in Japan?

When buying Japanese real estate, in addition to paying the price of the real estate itself, you also need to pay fire insurance, earthquake insurance, stamp duty, real estate purchase tax, registration license tax (ownership transfer registration), judicial clerk fee, intermediary handling fee, etc. When maintaining the property in the later period, you need to pay income tax, fixed assets tax, urban planning tax, management fees and repair fees applicable to the apartment, and management agency fees if you entrust a management company.

The so-called Japanese real estate investment refers to investing a lot of money in the house in order to make a profit. Simply put, it is to spend money to buy a house and rent it out. Buying a house in Japan is not just a simple purchase cost. Therefore, in addition to understanding the real estate price, it is also necessary to explicitly involve the following expenses.

First, the initial cost of buying a house

Fire insurance and earthquake insurance

stamp tax

Real estate purchase tax

Registration license tax (ownership transfer registration)

Judicial clerk's fee

brokerage fee

Second, the maintenance cost when holding the house.

Apartment management fee and repair fee

Management agency fee paid to management company

Taxation (income tax, fixed assets tax, urban planning tax)

Third, other abnormal expenses.

Cleaning fees when residents leave.

The air conditioner is broken and other equipment repair costs.

When a major repair is carried out every 10- 15 years, there will be cases where additional repair costs are needed.

Fourth, the cost of selling the house.

brokerage fee

If there are sales profits, you must pay the income tax on real estate transfer.

Although the cost items are very detailed, the actual total is not high. Japan's real estate market is transparent and honest, and its management system is strict. At the same time, we should know that it is very important to "get a stable rent" and "maintain a high occupancy rate" when investing in Japanese real estate. In other words, you need to buy a house that can maintain stable residents.

Encyclopedia of Japanese real estate

Japanese real estate agent

Japanese real estate income tax

Foreign real estate

Real estate agent

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