This month on Real Estate Japan, we’re continuing to see strong buyer interest in For Sale properties throughout the country.
The majority of searches and inquires are focused on Tokyo, but there are also many buyers searching in regional cities, especially in popular resort destinations.
This month, here are the Top 3 places, other than Tokyo, receiving inquiries for For Sale properties:
Coming in at number one this month is perennial favorite: Hakone. Hakone is a mountainous town located in Fuji-Hakone-Izu National Park, about 87-km southwest of Tokyo, is known for its hot springs resorts (onsen) and views of the iconic volcano Mount Fuji. It is a popular day- and weekend-trip destination for Tokyo residents.
On Real Estate Japan, you can find a range of properties for sale in Hakone, from resort-style homes surrounded by nature, to apartments in condominium complexes closer to the center of town.
Examples of properties currently on the market in Hakone:
At number two is Kyoto!
There are many good reasons to choose Kyoto as your home in Japan. A top draw for many resident foreigners is the breathtaking temples, shrines, gardens and other cultural destinations sprinkled throughout a relatively slow-paced but thoroughly modern city. Osaka Station is about thirty minutes by express train from Kyoto Station. Tokyo is also just two and half hours away by shinkansen.
This is not to mention the food (Kyoto is known for its tofu, kaiseki ryouri, and Buddhist vegetarian offerings) and proximity to spectacular natural areas, such as Arashiyama, located on the western outskirts of the city. Kyoto, of course, also offers urban delights. Shopping, dining, and entertainment are concentrated around Shijo-Kawaramachi. The covered shopping arcades will give you some relief from the summer heat and rainy season humidity but you will still have to jostle with the crowds.
On Real Estate Japan, properties available for sale in Kyoto run the range from renovated traditional machiya (town houses) to more recently constructed single-family homes and mid-rise apartment units, to whole building properties.
Examples of properties currently on the market in Kyoto:
Karuizawa is a resort town in the mountains of Nagano prefecture. It is located about 2-hours from Tokyo by shinkansen. Karuizawa is known for mild summers and is a popular weekend getaway destination for Tokyo residents. There are many summer recreational activities in Karuizawa, including hiking and cycling. Skiing and hot springs are popular in the winter.
On Real Estate Japan, many of the properties available for sale in Karuizawa are plots of undeveloped land and resort-style single-family homes. You can find price points from the equivalent of less than $100,000 USD to several million US dollars. Please use the filters on the search page to look for the properties that meet your criteria!
Examples of properties for sale in Karuizawa:
Yes. You can buy property in Japan regardless of your nationality or country of origin. There are also no residency requirements for buying real estate in Japan. Securing financing as a resident foreigner is more complicated. For info on financing, please see Basic Requirements for Getting a Mortgage as a Foreigner in Japan
Please see our seminar page for a current list of seminars on: how to buy a home in Japan, investing in Japanese real estate for beginners, how to apply for permanent residency in Japan, how to sell property in Japan, and much more.
Please see this article for information on: Getting a property loan as a foreigner in Japan
Please see our step-by-step guide: Guide to Buying Property in Japan
See how much you can borrow and your monthly payments in yen: Yen Mortgage Loan Calculator
For information about purchase and brokerage fees: Breakdown of real estate purchase fees and taxes in Japan
Need to know: Earthquake building codes and technology in Japan
Bilingual Real Estate Agent in Tokyo Answers Your FAQs on Buying and Managing an Investment Property
Real Estate Japan is pleased to offer free, no obligation appraisals for owners of property in Japan. Please click here and fill out the form: How much is my property worth?
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Lead photo: Karuizawa, Nagano in the fall, 2014, via iStock 824870900