Shimokitazawa Redev Projects
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Overview
Redevelopment projects in Tokyo's famous bohemian neighborhood, Shimokitazawa.
Building/Community Amenities
- Bar / Lounge
- Business Center / Co-working Space
- Cafe / Coffee Bar
- Clubhouse / Resident Lounge
- Community Events
- Daycare Services
- Hotel
- On-site Retail / Shops
- Park
- Parking
- Party / Event Room
- Restaurant (On-site)
Investment Insights
Legal & Ownership
Legal & Ownership Information
Ownership Structure
Ownership Rights
Full ownership rights (Freehold)
Foreign Ownership
Foreigners can buy property in Japan without restrictions, whether it is residential or commercial.
Tax Considerations
Property Taxes
property taxes are calculated at around 1
Transfer Tax
purchase tax, known as the acquisition tax, is typically 3% to 4% of the property value
Inheritance Tax
Capital gains tax on the sale of property ranges from 15% to 30%, depending on the holding period
Important Considerations
Restrictions
- Foreigners can buy property in Japan without restrictions, whether it is residential or commercial.
- Property ownership by foreigners is recognized under Japanese law, and there is no requirement for residency or citizenship.
- While there are no restrictions on property ownership, buyers should be aware of zoning laws and building regulations specific to each area.
Required Documents
Financing Options
Financing Options
Financing in Japan
Japan offers a range of property financing options for foreign buyers, making it an attractive market for international real estate investment. Typically, Japan's loan-to-value (LTV) ratios for non-residents range from 50% to 70%, depending on the property type and the borrower’s financial standing. The country's stable economy, attractive interest rates, and the potential for long-term capital appreciation make it particularly appealing for mortgage financing. Moreover, Japan's reputable legal framework provides foreign investors with a secure environment to invest in property, enhancing its allure as a real estate destination.
Requirements for Foreign Buyers
- 1Valid passport
- 2Proof of income (e.g., tax returns, employer letters)
- 3Bank statements (usually for the last 6 months)
- 4Proof of residence (if applicable)
- 5Credit report and history
- 6Initial deposit (typically around 20% to 50%)
- 7Legal representation (recommended but not mandatory)
Popular Lenders
Contact Information
044-299-8200
www.odakyu.jp/english/about/company/
Contact DeveloperMention property ID: Shimokitazawa Redev Projects when contacting.