The difference between Chinese real estate and Japanese real estate

For most Chinese buyers who want to buy a house in Japan, Japan is not a very familiar country. To complete such an extremely important thing as buying a house and investing here, it is natural to do it in advance. Very well prepared. So, what are Japan’s real estate policies? What are the differences and similarities between Japanese real estate and Chinese real estate?

★Japanese Land and Real Estate Policy★

The biggest difference between Japanese real estate and Chinese real estate is that Japanese land is privately owned, that is, once you purchase Japanese land and real estate, you will enjoy permanent land ownership. and ownership of buildings. What you buy in China is just the right to use it. There is no private ownership of land in Chinese law, whereas in Japan, the law recognizes the rights of landowners. Therefore, in China, the validity period of land use rights is generally less than 70 years for residential apartments and less than 40 years for commercial use.

In addition, regarding the use of buildings, in China, corresponding permissions from the national government must be obtained before the construction of corresponding buildings can be carried out for a single purpose. Japan's regulations on this content are relatively loose, and basically they will not be rigidly stipulated for a single purpose. In other words, land that is not currently under construction can be converted into office buildings or other commercial facilities in the future.

In Japan, land and buildings are valued separately. Buildings in Japan have a high depreciation rate, which means that as the building takes longer to be built, the building's retained value decreases. Therefore, the great value of Japanese real estate is in the land. In recent years, the rise in housing prices in Japan mainly refers to the rise in land prices in Japan.

When buying a house in Japan, there is no shared area, nor construction area. What is sold is only the usable area of ??the house, and the balcony area is not included in the sales area. And compared with buying a house in Japan and China, the concepts of XX school district and XX business district have less impact on housing prices. The location factor that affects housing prices in Japan is the distance between the house and the subway station.