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Buying a House in Japan

JRE Conference, Tokyo Akiya Hunt, Akiya Construction Update, and Buying a Car in Japan on a Tourist Visa

25 Apr 2024

Description

Take and Joey start Episode 24 by discussing the Japan Real Estate (JRE) conference (recording link here) that Joey attended in Tokyo. The conference, organized by Nippon Tradings International (NTI), covered key topics for foreigners interested in the Japanese real estate market, including low mortgage rates, navigating Japanese property laws, and tips for investing in rural Japan. Joey shared his experience giving a talk at the event, where he highlighted some of his personal insights and data-driven advice on real estate trends in Japan. The conversation then shifts to an update on the renovation progress at their akiya (abandoned house) in Beppu. They discuss new plumbing, kitchen upgrades, and plans for insulation. Additionally, they talk about the installation of a Hori Kotatsu, a traditional sunken table, which is nearing completion.Next, Take and Joey discuss their Tokyo akiya hunt, focusing on a property near International Christian University (ICU) that Joey visited. The house has some roof damage, raising concerns about potential repair costs and the logistics of dealing with neighbors.In the final segment, Joey explains how they managed to buy a car in Japan on a tourist visa. Here are the key steps:1. **Proof of Residence**: Obtaining a notarized document to prove residence at their house in Beppu.2. **Shakensho**: Acquiring the vehicle's certificate of registration and compulsory inspection.3. **Registration Meeting**: A Gyosei Shoushi (administrative scrivener) checks the parking spot and submits the necessary documents to update the registration.4. **Final Registration**: Receiving the updated Shakensho with Joey's name as the new owner.5. **Insurance**: Setting up car insurance and understanding additional steps for other drivers.The episode ends with Take and Joey reflecting on the complexities of buying a car in Japan as a tourist and how service providers like Nippon Bridge helped guide them through the process.

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