What is the process of buying a house in Japan? What are the precautions?

Japan's real estate policy is relatively loose, and China buyers can buy and sell houses freely in Japan. There are generally four steps in buying a house in Japan: choosing a house to see the house, submitting an application for buying a house and preparing notarized materials, signing a house purchase contract and completing the delivery of the house. If property buyers need a loan, they can apply for a house loan from the bank after submitting the application for house purchase. Japan's purchase process is rigorous, and real estate professionals such as judicial scribes and architectural guides participate in it to protect the interests of buyers.

1. What is the process of buying a house in full in Japan?

1.

Japan has no restrictions on overseas buyers buying houses in Japan. As long as the buyers have sufficient funds, legal status and no criminal record, they can buy houses in Japan. Similarly, Japan does not restrict overseas sellers from selling their properties freely. If you buy a new house, the buyer can contact the developer directly and arrange to see the house; If you buy a second-hand house, the buyer can see the house through a professional intermediary or broker. If the buyer has no time to go to Japan to see the house in person, he can also entrust a broker or company to show the basic information of the house by shooting videos and photos.

Step 2 apply for a house

(1) Submit a house purchase application

To confirm a good house, the buyer needs to fill out a purchase application and submit it to the developer or seller through an intermediary. After submitting the application for house purchase, the buyer and the seller can coordinate the price (second-hand house), the signing time and the transaction details.

(2) Prepare notarized materials

Property buyers need to bring their household registration book to the notary office in their own area to notarize relevant information, and mail the application for house purchase, the power of attorney with private seal and other related materials to the developer or intermediary for filing. Notarization includes basic information such as the name, address and seal of the purchaser. The buyer must mail the notarial certificate together with the lawyer's power of attorney, entrusted management book and other related materials to the developer or intermediary before the transfer.

Sign a house purchase contract

Signing the contract is generally carried out about one week after submitting the application for house purchase. Before signing a formal house purchase contract, the purchaser (residential building contractor, a Japanese-specific real estate occupation) will explain the relevant important matters, and the buyer and the seller can sign the contract only after confirming all the terms. After the signing of the house purchase contract, the buyer shall start to pay the final payment of the house property and related taxes according to the expense schedule and payment requirements provided by the developer or intermediary, and the final payment shall be paid before the transfer. This process usually takes about 7 days.

4. Transaction transfer

The transfer of property rights will generally be completed within 3 weeks and 2 months after signing the contract. In the process of real estate delivery, judicial scribes (similar to domestic lawyers) will follow up the whole process to help buyers and sellers confirm the validity of real estate delivery materials such as contracts and complete real estate delivery. The transfer procedures must be handled by the judicial clerk. The information of property right change will be recorded in the system of the Legal Affairs Bureau of the Japanese government. The title certificate will generally be produced by the relevant departments of the Japanese government within 2-3 weeks, and will be entrusted by the developer or intermediary agency to mail it to the buyers.

Second, the difference between buying a house with a loan and buying a house in full?

In Japan, the process of buying a house by loan is basically the same as that of buying a house in full. If you want to borrow money to buy a house, you need to apply for a house first and then apply for a loan. Applicants need to submit ID card, passport, signature or seal, 3-year tax payment record, 3-year salary flow, employment certificate, physical examination report, single certificate or marriage certificate and other related materials to the bank.

Requirements of Bank of China (Tokyo Branch) for Applicants

The picture shows the new regulations issued by Bank of China (Tokyo Branch) on August 1 2006. According to the regulations, the lender must be a person over the age of 20 with a stable job and income, and the loan amount is 1 10,000 yen? 250 million yen, loans above 250 million yen can be negotiated. Term of owner-occupied house loan 1? 25 years

The loan pre-trial results are usually known in about a week. After the pre-trial passed, the bank began to enter the formal audit, which was also about a week. After the formal approval, it means that the loan contract is established. After the loan is approved, there will be contract stamp duty, loan handling fee and other expenses, depending on different banks.

When signing a house purchase contract, buyers and sellers usually agree that if the formal examination of the bank fails, the contract will have no legal effect.

3. What should I pay attention to when buying a house in Japan?

1. Property is subject to tax when delivered.

The buyer shall pay the following three taxes and fees during the delivery of the property:

(1) Stamp duty: The tax rate varies with the property price. As of 20 16, the tax rate is 0.0 1%? 0.20%;

(2) Real estate purchase tax: calculated according to the government evaluation price (generally 20-50% of the transaction price) rather than the actual transaction price;

(3) Registration tax exemption: the tax required for real estate or land registration is 2% as of 20 16.

20 16 Japanese real estate income tax standard

The picture shows the 20 16 Japanese real estate income tax details released by Mitsui Real Estate, Japan's largest real estate agency. The income tax on land and residential real estate in Japan is 3%, and the income tax on buildings other than residential buildings is 4%.

If you buy a second-hand house, the buyer also needs to pay an agency fee.

20 16 Japanese agency rate standard

The picture shows the agency rate of Japan on 20 16. The rate standard varies according to the real estate price. If the property price is less than 2 million yen, 5% will be charged. The property price is 2 million yen? 4 million yen, charging 4%+20,000 yen; Property with a price exceeding 4 million yen will be charged 3%+60,000 yen.

2. Payment shall be made after the property is delivered.

After the property is delivered, the buyer needs to pay the fixed assets tax (property tax) and the urban planning tax every year. If you have rental income, you also need to pay income tax; If the buyer makes a profit when selling the property, he still needs to pay the transfer income tax; If property buyers live in their own homes, they have to pay resident tax, which is 9% for properties less than 5 years old and 5% for properties over 5 years old.

20 16 Japan's fixed assets tax and urban planning tax standards

Mitsui Real Estate, the largest real estate agency in Japan, issued the standard tax rates of fixed assets tax (real estate tax) and urban planning tax for 20 16, in which the fixed assets tax rate was 1.4% and the urban planning tax rate was 0.3% of the value of land or houses.

The picture shows the details of Japan's transfer income tax released by Mitsui Real Estate 20 16, Japan's largest real estate agency. When the buyer sells the property, if the property is less than 5 years old, it is required to pay 30.63% transfer income tax; If the property has been completed for 5 years, it is required to pay 15.5438+0% transfer income tax.

In the process of buying a house in Japan, we should not only ensure that the procedures are complete and standardized, but also pay attention to the possible taxes and fees. For China buyers who are not familiar with the Japanese real estate market, they should always pay attention to policy changes, keep up with the situation and avoid risks.

Sources of information: Bank of China (Tokyo Branch), Mitsui Real Estate in Japan and official website Real Estate in Japan.