What are the advantages and disadvantages of real estate investment in Tokyo, Japan

Tokyo, located in the east of Honshu Island, Japan, is the capital of Japan. Tokyo, together with new york, London and Paris, is called "the four largest cities in the world" and is the capital and largest city of Japan. Let's take a look at the pros and cons of real estate investment in Tokyo, Japan.

Advantages:

Ownership:

Japanese houses include land, and it is permanent ownership, while China's land is public, so buying houses does not include land.

Taxes:

However, the disadvantage of buying a house in Japan is that it needs to pay fixed assets tax every year, which is calculated according to the percentage of the annual land price of the house. It can be considered that the bigger the house, the more expensive the fixed assets tax; I have a 99-square-meter house in Omiya, saitama. The annual fixed assets tax is 97,000 yen, which translates into about 5,000 yuan.

Collective housing:

Buying an apartment in Japan requires management fees and repair funds every month; Management fee, as its name implies, is the cost of managing the building managed by the club.

The repair fund is used when the building reaches a certain age and needs renovation or even demolition and reconstruction. Every once in a while, the management Committee will announce the fund balance, print out the expenditure table and tell all residents the purpose of the fund.

Some people think that they don't want to pay the repair fund, but I think it is with this fund that the house can live longer.

According to friends in China, the new houses in China have been dilapidated for twenty or thirty years, but not in Japan. Many houses still look very new after forty or fifty years.

Single-family residence:

This Japanese name is single-family building. In many Japanese cartoons, for example, in Doraemon, Nobi lives in a house that is one household and one house.

In Tokyo, this is not a very expensive location. Generally, the price of a house including land is more than 35 million yen.

Compared with collective housing, the advantage is that there is no management fee and maintenance fund, but problems need to be repaired by themselves. Some Japanese feel troublesome and will be more inclined to buy collective housing.

Interest on loan to buy a house:

Many Japanese also use bank loans to buy houses, and the floating interest is about 0.8~ 1.2%. If there are no major problems in the country's economic situation, this Gionee will not change much.

Disadvantages: Although land in Japan is privately owned, you can't use it as you want.

The government has strictly stipulated the use of land and various restrictions.

Taking residential land as an example, the floor area ratio, height, building type, building density, fire protection requirements and so on are specified. And the change of land use is very troublesome and difficult. Therefore, it is basically impossible to expect to buy unpopular land and then sell it for profit, just like in China.