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

Finding a Home In Tokyo
If you plan to rent or buy a property in Tokyo, finding your property will be a major step in your relocation to Tokyo. If you have not lived in Tokyo, you should rent rather than buy your property in Tokyo, at least for six months. If you would like to rent or buy a real-estate property in Tokyo 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 Tokyo is the place you want to live or retire for the next few years, but also if Tokyo is suited for you.

Apartments & Houses in Tokyo
If you are planning on living in Tokyo, 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 Tokyo to point out the negatives of a place they’re trying to rent or sell you.

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

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

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

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

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

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

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

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

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

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

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

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

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

The Tokyo 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 Tokyo.

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 Tokyo

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


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

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


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


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

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