How many years is the property right of Japanese real estate?

There are two main types of housing property rights in Japan: independent property rights and lease property rights.

(1) Independent property rights

Most properties in Japan are independent property rights, and buyers buy the ownership of houses and land. Real estate can be freely used and passed down from generation to generation. Compared with domestic property rights in the past 50 or 70 years, it is more cost-effective and has more space on the house.

(2) Leased property rights

Leased property is very rare in Japan, and buyers buy houses on land, excluding land ownership. At the same time, the lease period is limited. If you want to continue to live after the expiration, the buyer needs to negotiate with the landowner to extend the term.

Therefore, it is recommended that buyers ask about the type of property right when looking at the house to avoid trouble in the future.

Because Japan is a country with many earthquakes, many foreign buyers will pay attention to the seismic capacity of houses when they look at houses.

The Japanese government has very high requirements for housing quality, and most of them have strong earthquake resistance, so there is no need to worry about quality problems. However, in the process of looking at the house, buyers still need to inquire and investigate the quality of the house, especially the seismic capacity, in order to effectively reduce the danger.

In addition, the Japanese government stipulates that if buyers need to carry out earthquake-resistant renovation and renovation of old properties, they can get fixed asset tax and urban planning tax relief ranging from 1 to 3 years according to their personal circumstances.