Real Estate in Tokyo
Last updated on Jun 03, 2023
Summary: The most desirable neighborhoods in Tokyo, Japan are Shibuya, Shinjuku, Roppongi, and Ginza. The average cost to buy a nice 2 bedroom home in Tokyo is around $1.2 million USD, and a nice 3 bedroom home is around $2 million USD. These properties typically include modern amenities such as air conditioning, high-speed internet, and modern appliances. Foreigners are allowed to own property in Tokyo, but there are certain restrictions. For example, foreigners are not allowed to own land, and they must obtain permission from the Japanese government before purchasing a property. When searching for a home to buy in Tokyo, an expat should consider their budget, desired location, and the type of property they are looking for. It is also important to research the local real estate market and consult with a real estate agent who is familiar with the area.
How do I find a place to live in Tokyo?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"The initial cost is about 3.5~5 times of monthly rent which is included the rent in next month and any other additional charge. You also have an option for short-term contract apartment which is called "monthly mansion" in Japanese. It makes to you to have thinking time to explore and find your thought clearly, you can even register the address there and get the bank account or phone number here. It is sometimes difficult for foreigners to pass the screening for housing application because it is usually required Japanese conversation capability, the phone number, and emergency contact here. Quality of Japanese lease apartment is well so you do not have to consider too deep but please remember there is no furniture installed at all but air conditioner," remarked one member in Tokyo.
"Finding a place to live in Tokyo can involve a lot of research and legwork. A few good starting points include talking to friends, family, and coworkers for advice and recommendations on good places to live, visiting local real estate agents, or browsing online listings for apartments and homes for rent. When visiting real estate agents, bring a full list of your requirements such as size, budget and location so that the agent can best match you with the ideal home. You should also take advantage of online informational resources such as forums, websites, and online communities that are dedicated to assisting with relocation to Tokyo," explained one expat living in Tokyo, Japan.
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What is a typical expat home or apartment like in Tokyo?
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About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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