Apartments and flats for sale in Tokyo

Apartments for sale in Tokyo

All foreigners planning to move to Japan face the need to find accommodation. Tokyo is the country's central metropolis, where most expats come from, so the property market is lively. A specific part of buyers of an apartment for sale in Tokyo are interested in traditional housing, but investments in flats in modern complexes are considered more promising because:

• such buildings are constructed to meet seismological safety requirements;
• layouts are more familiar to Europeans;
• better level of sound insulation – in old houses, the walls let in noise, which makes living less comfortable;
• there is a security system, car park and additional amenities.

The cost of buying apartments in Japan, especially in Tokyo, is high, but this is compensated by the country's location in the main business and cultural centre, access to numerous entertainment options, and the opportunity to study at prestigious Japanese schools and universities. However, compared with other Asian capitals, buying property is quite favourable, as in Seoul (South Korea), starting prices are 29% higher.

Tyuo, Tieda, and Minato are considered to be prestigious and, accordingly, expensive areas. When looking for more affordable options, you should pay attention to offers in Adachi, Katsushika, and Edogawa clusters. If you want to be in the heart of the action, you can buy a flat in Tokyo's Ginza or Shibuya.

Purchasing real estate in Japan does not require a residence permit. To make a purchase, you need to:

1. find a suitable property on the primary or secondary market;
2. contact a developer or agency to discuss the terms;
3. sign a contract, which will spell out the terms of ownership of the property;
4. make a deposit;
5. check the documents and visit the property (the latter is optional);
6. apply to the bank for a mortgage, if necessary;
7. transfer the balance and pay the taxes;
8. submit a request to the Legal Affairs Bureau for title registration.

For transactions in Japan, running costs are borne by the buyer and account for approximately 13.4 % of the value of the flat.

Reasons for investing in an apartment in Tokyo

Even with prices on flats for sale in Tokyo being higher than the national average, buying a home will be a great decision because:

• major national and international companies, including Fujitsu, All Nippon Airways, and Mitsui Chemicals, have their offices here;
• expected GDP growth of 4.4% over the next five years;
• the Japanese property market is relatively stable (annual fluctuations are a maximum of 6–7%), which, on the one hand, does not provide opportunities for significant resale income but, at the same time, avoids economic risks due to sharp downturns;
• the capital accounts for 36 per cent of all housing construction in the country;
• the pace of construction is slowing down (last year, the number of new projects decreased by 3%), which in the future will be a reason for price growth in ready-made complexes;
• Renting can bring from 3.31% to 5.38% per annum, while the city average is 4.02%

Buying an apartment in Tokyo

Our platform lets you easily choose and buy apartments and houses in Japan from abroad. In the database, you can find detailed descriptions and photos. You can select the desired location and area and specify the range of cost of apartments in Tokyo for investment to see options that meet your criteria and allocated budget. You can also sort by price/date added/popularity, currency converter, interactive map and direct contacts of sellers.