Hokkaido Real Estate ... 
  Should I rent or buy a property in Hokkaido?
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Hokkaido Real Estate Calculator

Finding a Home In Hokkaido
If you plan to rent or buy a property in Hokkaido, finding your property will be a major step in your relocation to Hokkaido. If you have not lived in Hokkaido, you should rent rather than buy your property in Hokkaido, at least for six months. If you would like to rent or buy a real-estate property in Hokkaido you may email us at webmaster@japan-travel-guide.de with your real-estate questions.


It is the best way to know not only if Hokkaido is the place you want to live or retire for the next few years, but also if Hokkaido is suited for you.

Apartments & Houses in Hokkaido
If you are planning on living in Hokkaido, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Hokkaido to point out the negatives of a place they’re trying to rent or sell you.

Hokkaido Agencies
Real-estate agencies in Hokkaido advertise in local Hokkaido newspapers and as well on their office windows.

You should be able to notice a real estate agency in Hokkaido by the window full of ads for the different apartments or houses they have available for rent or sell in Hokkaido.

Before you begin working with an agency in Hokkaido, check that their fees are acceptable and that they are a member of the Hokkaido Real-estate Assocation. In most rental agreements in Hokkaido most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Hokkaido, real-estate agents in Hokkaido usually charge between 2.5% and 3% of the final sales price.
Monthly rent Hokkaido:€
Monthly Hokkaido rental insurance:€
Expected annual inflation rate in Hokkaido:  %
Purchase price of property in Hokkaido:€
Down payment amount:€
Length of Hokkaido mortgage term (years):#
Hokkaido Mortgage's annual interest rate:  %
Discount points on purchase of home in Hokkaido:  %
Origination fees:  %
Other loan costs in Hokkaido:€
Mortgage Insurance (PMI):  %
Hokkaido Homeowner's insurance rate:  %
Monthly association dues in Hokkaido:€
Average monthly maintenance of Hokkaido property:€
Hokkaido Annual property tax:€
Hokkaido plus government income tax rate:  %
Interest rate you expect to earn on savings in Hokkaido:  %
Expected percentage your Hokkaido home will appreciate by each year:  %
Number of years you will stay in Hokkaido:#
Hokkaido Realtor commission rate:  %
Total estimated cost of renting a property in Hokkaido:€
Total estimated cost of buying a property in Hokkaido:€
After coming to an agreement on a rental or purchase, both parties in Hokkaido sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Hokkaido with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Hokkaido will be affixed to the agreement.

Renting
Real estate agencies in Hokkaido are the safest way if you want to rent or buy a property in Hokkaido. Please make sure they are a licensed agent in Hokkaido and very familiar with the Hokkaido property market.

Local newspapers in Hokkaido also advertise apartments and houses for rent, but word of mouth is the best way in Hokkaido. If you are currently an academic in Hokkaido, you could check local at local universities in Hokkaido, where apartments or rooms for rent are commonly posted.

In general rental rates in Hokkaido, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Hokkaido. You can find yearly leases in Hokkaido, and more short-term housing is available near academic institutes or around tourism areas within Hokkaido.

Short-term tourist housing in Hokkaido is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Hokkaido.

If you want to buy a property in Hokkaido, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Hokkaido to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Hokkaido.

If you are buying a brand new property, you’ll need to pay property tax in Hokkaido. If your purchase is a luxury property, you may have to pay local taxes in Hokkaido and possible stamp duty.

Even as a non-resident homeowner in Hokkaido, you may become liable for all kind of taxes in Hokkaido, including income tax.

Hokkaido Mortgages
If you plan to take a mortgage in Hokkaido you need at least a 20% downpayment of the purchase price of the property in Hokkaido. Even if you generate rental-income from renting your Hokkaido property out, it is not considered by most lenders as you may decide to move in, at a later time.

The Hokkaido Real Estate calculator will help you to compare the costs of renting a house or condo in Hokkaido to the costs of buying a house or condo in Hokkaido. Since there are all kinds of forces at work behind the scenes such as the current interest in Hokkaido, Hokkaido property taxes, tax savings, appreciation in general to investments in Hokkaido, comparing the cost of renting to the cost of buying in Hokkaido is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Hokkaido Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Hokkaido.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Hokkaido

  • Hokkaido Multi-Family
    Traditional, multi-family residential complexes located in Hokkaido and suburban markets of Hokkaido.


  • Hokkaido Mixed-Use
    Properties in Hokkaido that integrate and combine residential with different uses, including retail and office spaces.

  • Hokkaido Office
    Traditional office or office type properties in Hokkaido.


  • Hokkaido Retail
    Properties in Hokkaido with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Hokkaido.


  • Hokkaido Light Industrial
    Single- or multi-tenanted spaces in Hokkaido used for warehouse, manufacturing, distribution, or research and development in Hokkaido.

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