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Can Foreigners Buy Property in Japan?
Your Guide to Buying Real Estate in Hakuba
Japan’s breathtaking natural beauty, rich culture, and world-class infrastructure have made it a growing hotspot for global property buyers. Whether you’re dreaming of a ski chalet in the Japanese Alps or seeking an investment in a fast-growing tourism area, Hakuba, Japan stands out as a top choice. But one common question remains:
Can foreigners buy property in Japan—and specifically, in Hakuba?
The short answer is yes. Foreigners are allowed to purchase property in Japan with very few legal restrictions. However, the process can be complex, especially for non-residents, and navigating the local market requires some insight.
In this article, we’ll explore
① Legal rules for foreign buyers in Japan
② Why Hakuba is an ideal location
③ Property types and price ranges
④ The step-by-step buying process
⑤ Costs and taxes involved
⑥ Tips for a successful purchase
⑦ And finally, how we can help you find the perfect property in Hakuba
Can Foreigners Own Property in Japan?
Yes—Japan is one of the few countries in Asia where foreigners can fully own freehold property, including land. You do not need Japanese citizenship, permanent residency, or even a visa to buy and own property. This applies equally to residential homes, vacation rentals, land, and commercial real estate.
- Buying property does not grant residency or any special visa status.
- Most real estate transactions are conducted in Japanese, so hiring a bilingual agent or translator is highly recommended.
- Mortgage loans from Japanese banks may be difficult to obtain for non-residents or those without Japanese income. Many foreign buyers choose to pay in cash or seek financing from banks in their home country.
What Are the Benefits of Purchasing Real Estate in Japan?
Why Invest in Hakuba?
Located in Nagano Prefecture, Hakuba is one of Japan’s premier mountain resort destinations. It rose to international fame as a host site for the 1998 Winter Olympics, and has since become a favorite among skiers, snowboarders, and nature lovers from around the world.
Why Hakuba, Japan Is the Next Big Thing for International Real Estate Investors
- Over 10 ski resorts in one valley
- International community with English-speaking services
- High demand for short-term rentals and vacation homes
- Four-season appeal: hiking, rafting, cycling, and festivals in summer
- Just 3 hours from Tokyo via bullet train and bus
Whether you’re looking for a personal getaway, a vacation home for your family, or a real estate investment with rental income potential, Hakuba offers a rare combination of natural beauty, international appeal, and solid infrastructure.
Why Buying property in Hakuba Village: Top Reasons and Benefits
What Kind of Properties Can You Buy in Hakuba?
Hakuba’s property market is diverse and full of opportunity. Here are some of the most common types
① Ski chalets and mountain villas: Modern or rustic homes near ski slopes
② Traditional Japanese kominka: Historic wooden homes with character
③ Newly built homes and condos: Move-in ready, often with scenic views
④ Commercial properties: Lodges, pensions, or restaurants for business use
⑤ Land plots: Build your own dream home from scratch
Prices vary depending on location, proximity to resorts, building condition, and land size. Small homes start around ¥30–40 million (~USD $200,000), while luxury chalets can exceed ¥100 million (~USD $650,000+).
How the Property Buying Process Works in Japan
The process for foreign buyers is the same as for Japanese citizens. Here’s a simplified overview:
Step 1: Find a Trustworthy Real Estate Agent
Work with a local agent experienced in working with foreign clients. They can help you navigate the market, language, and legal process.
Step 2: Choose a Property & Make an Offer
Once you’ve found a property you like, you submit a written offer and negotiate terms. A deposit of 5–10% is typically required upon agreement.
Step 3: Conduct Due Diligence
This includes reviewing land registry documents, zoning laws, and building conditions. A judicial scrivener may assist with legal verification.
Step 4: Sign the Contract
The sales contract is usually in Japanese. Make sure your agent or lawyer reviews it carefully before signing.
Step 5: Final Payment & Registration
The remainder of the payment is made, and the property title is officially transferred to your name. The registration process is handled by professionals.
Four Reasons Why Japan’s Real Estate Market is Attractive to Foreign Investors
What Are the Additional Costs?
In addition to the property price, there are several extra costs to plan for:
- Real estate agent fee: ~3% of purchase price + ¥60,000
- Registration & stamp duty: ~1–2%
- Judicial scrivener/legal fees: ¥100,000–¥200,000 (approx.)
- Property acquisition tax: ~3–4% depending on value
- Annual fixed asset tax: Usually between 1.4–2.1% of assessed value
It’s wise to budget around 6–10% extra on top of the property price to cover all fees and taxes.
Tips for a Smooth Buying Experience
- Work with an experienced bilingual agent
- Visit Hakuba in both winter and summer to understand the full-year appeal
- Consider how close the property is to ski lifts, public transport, and amenities
- Think long-term: is this a lifestyle choice, a business opportunity, or both?
- If planning to rent out, research short-term rental regulations in the area
We’re Here to Help
We are a Japan-based real estate company specializing in Hakuba properties.
Whether you’re looking for a cozy ski chalet, a traditional Japanese home, or land for a custom project, our bilingual team is ready to support you every step of the way.
Interested in learning more about real estate in Hakuba?
