Kyoto

If you’re an expat in Japan ready to settle, you may want to consider buying a home in the country. Japan has some great places to live, from thriving metropolises to more serene rural locations. There are minimal restrictions on foreigners buying property in Japan but you’ll need to follow certain processes as well as work out your budget and do some research into the best places to live. Who Can Buy Property in Japan? Essentially, anyone from across the world can buy property in Japan as long as they can afford it. If you need a mortgage as an expat in Japan, most lenders will ask that you have permanent residence or citizen status. You will need a Japanese bank account and an official ID number (called My Number) for a mortgage. Cost of Buying Property in Japan The costs of buying a home in Japan obviously depend on factors such as property size, type, age, and condition, as well as location. The national average for an apartment (condominium) is just over 1 million yen per square meter in central districts and 550,000 yen for properties on the outskirts. This is less than half of what you’d pay in…