This Country Allows Foreigners to Buy and Sell Properties Just Like Local Residents

Negara Ini Bebaskan Orang Asing Beli dan Jual Properti Layaknya Penduduk Lokal

This text translates to English as: "This Country Frees Foreigners to Buy and Sell Properties Just Like Local Residents."

Dream - Generally, many countries restrict property ownership for foreigners in their country. However, don't be surprised when you are in the Land of Sakura, Japan. Foreigners in this country are free to buy properties just like local residents. This is different from the Indonesian government, which facilitates Foreign Nationals (WNA) to own property with a passport as valid proof of WNA identity. Japan does not impose restrictions on foreigners owning property, whether they have permanent residency status, citizenship, or based on visa type.

"Meaning, foreigners can obtain ownership rights over land and real estate buildings in Japan, just like local citizens," wrote the press release from PDJ Indonesia, a Japanese property sales platform."

This Country Allows Foreigners to Buy and Sell Properties Just Like Local Residents

In addition, real estate can be bought, sold, and inherited freely among foreigners. What is quite surprising is that there are no provisions regarding the expiration of foreign citizens' ownership rights.

The tax paid by foreigners at the time of purchase is equal to the tax paid by Japanese citizens.

PDJ Indonesia also noted that the Japanese real estate market has become an attractive investment destination, especially for Indonesian investors. The Japanese real estate market is supported by a stable economy, low interest rates, and an increasing urban population.

"With the current market size of approximately 289.5 trillion yen, the Japanese real estate landscape is ready to grow, driven by stable rental demand and increasing interest from foreign investors."

write PDJ.

Japan has also experienced stable growth in the real estate market in recent years, with higher demand for residential and commercial properties from both domestic and international investors. At the end of October 2023, the monetary policy meeting in Japan agreed to tolerate long-term interest rates rising above 1-3% for real estate mortgages in Japan.

"While government initiatives such as relaxation of regulations for foreign investors, increased tax incentives for property purchases, and implementation of land use zoning systems have contributed to the growth of the country's property market."

PDJ Indonesia is a Japanese real estate platform, specifically designed for the Indonesian market. This company offers a range of services such as marketing for real estate sales, income from Japanese real estate companies, property inspection tours to Japan, maintenance services (such as Airbnb management), and legal services (including visa services for property purchases and renovation services).

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