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That's how it's done in BC Canada. Most people for houses own the land and building. These are assessed separetly for taxation purposes/assessment value. Som
by sergers 3y ago
That's how it's done in BC Canada.
Most people for houses own the land and building.
These are assessed separetly for taxation purposes/assessment value.
Some areas are leased land for say 75 year contracts or any other long term (alot of indigenous/native owned land that is leased for a term contract. There's some condo development and mall with a 100yr lease etc)
- freetime2 3y agoI haven't seen many leasehold properties, but I did come across one area where a bunch of vacation homes are built on property that is leased by the government. Here's one I found that actually looks looks pretty nice for ¥3M (USD $21K). But the lease payments and administration fees probably scare away any prospective buyers (it's also in a forrest in one of the snowiest areas of Japan, so accessibility in winter might be a bit of an issue). https://www.yuzawacorp.jp/detail/dtl.html?no=18094507 https://www.yuzawacorp.jp/detail/dtl.html?no=18094507
- ioltas 3y agoNote that this one mentions 借地料, meaning that you are not an owner of the land, but the government is lending it to you for a yearly fee of 220,000 yens.