We already discussed the major reasons to consider Property Investment in Japan.
Still, there are some more points to persuade you. This time we'll overlook the economical and legal merits of Property Investment in Japan.
With the Post-Pandemic economical recess many countries are facing severe inflation. But how about Japan? Surprisingly, average inflation rate in Japan remains stable for almost three decades. The inflation rate forecast for this year according to the Bank of Japan quarterly report is 1.1%. Sure, the current global economical climate hitted hard on many countries, and Japan wasn't an exception. Even though the inflation isn't excpected to rise dramatically.
If you are already an experienced investor, you may know that some countries in the Asia Pacific region, such as Singapore and Hong Kong, has an extra tax imposed on the foreign investors purchasing residential property. In Japan the taxation regulations are equal for both local citizens and foreign investors.
Another point is the value of the residential properties around the region. Such major Asia Pacific cities as Seoul and Hong Kong may boast nearly unaffordable prices per square meter if the property is close to the city center. But as for Japan, the 2022 average value per square meter was $ 8,908 for Tokyo and $ 5,758 for Osaka. Isn't it satisfying on contrast with Hong Kong's unbeliavable $ 30,343 per square meter?
To compare with the legal restrictions in some other countries available for Property Investment, Japan puts less pressure on the overseas investors. For instance, in China you only may apply for a fixed period land leasehold right, still you can't fully own the land. In Japan there are numerous ways of owning and leasing either the properties or land. Purchasing a freehold property grants you with owning the land on which it sits. Leasehold is also available for the foreign citizens, so investment opportunities are quite flexible.
Legally you may reside overseas and still own, manage and rent out propety in Japan. Some countries either restrict purchasing a property by non-residents or limit the number of dwellings to be owned by a foreigner. This makes Japan a good option for your Property Investment.
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