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I'm curious as to what the rules on foreign ownership are. Is it an outright ban, or can it be circumnavigated by having a Japanese lawyer draw up some sort of
by jdhn 5y ago
I'm curious as to what the rules on foreign ownership are. Is it an outright ban, or can it be circumnavigated by having a Japanese lawyer draw up some sort of agreement where they are the owner, but the foreigner pays them $X a month, or something like that?
- rootsudo 5y agoThere are anti-dummy laws in Japan.
- CobaltFire 5y agoThese require residence at the property, and if you can't get a residency permit (rather difficult for the amount of time needed by this agreement) then it's a defacto no foreigners rule for these homes.
- henearkr 5y agoSome estate agencies, who don't want to sell estate to a foreigner but would not openly say it, just let some other Japanese customer (who appeared suddenly) take the precedence and buy instead of you. Source: unfortunately I can relate...
- jowsie 5y agoIt doesn't even have to be that underhanded. Many rental agencies will ask house owners if they want foreigners or not, it's a simple tick box.
- henearkr 5y agoYes but in this case it's to sell it not to rent it. I can (almost) understand that you don't want foreigners in the apartment that you own, but in this case they don't even want to receive money -- the same amount -- from foreign buyers, and in this case it's clearly because they want to protect their village from "being invaded". Yes pretty ridiculous, but unfortunately very common.