aspiring to buy a home in Yokohama. . .

[DEVistation]

okay. . .

I was wanting to start saving money to but a home in in the Yokohama area.

But I can't find any information on homes there.

Or how much of a down payment I would have to put down. . .

By may of next year I should have about 10,000 us dollars saved. How much more would I need. I plan on raising a family there eventually. So I need a few bedrooms. 3 or 4 ideally.

I just really don't know where to begin.

Any advise or ballpark figures would be greatly appreciated.

thanks! ^_^

[SeeD]

Originally Posted by DEVistation

okay. . .

I was wanting to start saving money to but a home in in the Yokohama area.

But I can't find any information on homes there.

Or how much of a down payment I would have to put down. . .

By may of next year I should have about 10,000 us dollars saved. How much more would I need. I plan on raising a family there eventually. So I need a few bedrooms. 3 or 4 ideally.

I just really don't know where to begin.

Any advise or ballpark figures would be greatly appreciated.

thanks! ^_^

hmm i dont know too much about prices in Kanagawa prefecture but my friend have buy a house with 3 bedrooms for 70,000 us dollars somwhere in Osaka so i think that u will need much more than 10,000 for ur dreams house ;]

[DEVistation]

I was just putting the 10,000 as a down payment and financing the rest. I was not intending on buying anything for a total of 10,000. lol.

But that home your friend has sounds ideal. So 100,000 should get me close to what I want.

Thanks!

[chachava]

unless you're Japanese, don't be banking on a loan/mortgage to help you out...

[anrakushi]

it is possible to obtain a loan as a foreigner but you would want to have permanent residence visa or a longer term work visa with a pretty secure job. it is not easy to get one as a foreigner.

Yahoo!
this is where you can see prices. If you can't manage to navigate around this site, which is in Japanese, then you shouldn't be bothering. I'm looking to buy, many years down the track, a place in kansai region so i have been looking just to get a feel for prices.

as said before, how exactly are you planing to stay in Japan? i hope you have some visa's worked out because being a property owner certainly won't be enough.

[MMM]

3-4 bedroom home in Yokohama for $100,000? Multiply that number by about 10, and then you are getting more realistic. You can barely by a home in Honolulu for less than a million dollars. The average price for a home of any size in Wichita, Kansas is $175,000 dollars.

[anrakushi]

Originally Posted by MMM

3-4 bedroom home in Yokohama for $100,000? Multiply that number by about 10, and then you are getting more realistic. You can barely by a home in Honolulu for less than a million dollars. The average price for a home of any size in Wichita, Kansas is $175,000 dollars.

mate, unless i'm misreading the real estate page you are completely wrong. Now my Japanese is not near as good as yours so i could be reading it wrong but you are way off with prices. Trust me i know how expensive it is in america and australia but Japan is different. check out the website i showed you above. houses just aren't that expensive in Japan. SeeD is on line with that price range. Mind you brand new properties will be more expensive. and can be more in the range of a few hundred k US

[MMM]

I think you might be off by a zero. I know a family that bought a three-bedroom apartment in Yokohama for about 750,000 dollars a few years back.

Average apartment price in Tokyo area tops 50 million yen for first time in 15 years:J-CAST Business News

Average apartment price in Tokyo area tops 50 million yen for first time in 15 years
8, 29. 2007
The average apartment price in the Greater Tokyo Metropolitan area stood at 53.05 million yen in July 2007, exceeding the 50 million yen level for the first time in about 15 years. The price previously topped that level in November 1992, when the bubble economy was nearing an end. The average price then stood at 57.11 million yen. The Greater Tokyo Metropolitan area covers the Tokyo, Chiba, Saitama, Kanagawa and Ibaraki prefectures. In the city-size wards of Tokyo, the average price exceeded 70 million yen. This survey was announced by Real Estate Economic Institute Co. on July 13, 2007.

50,000,000 yen = about a half-million dollars.

[Lucyenn]

Need a lot of money for that.

[anrakushi]

well MMM i'm not going to doubt that information but i think you should check the real estate site i linked to above, the yahoo! one, you will see many properties are much more affordable than what you state there. mind you i wasn't looking at tokyo, but osaka, kyoto, hyogo. also my prices are for houses, not apartments. so these are not central locations in the middle of the the prefectures major city but not far in my books from city. i was looking in hyogo and found some really nice places for about $140kAUD about 20-30mins from central Osaka City.

new 2008 properties are about 3000万 to 5000万 in some of the regions i was looking at. once you get to about 6 years old and older the price for many is 1000万 or less. I checked just Kansai areas though.

If you ask me, you would be crazy to buy a more expensive house in the 5000万 price range because i can't see japanese house values increasing unless they make a change to their immigration policy with their declining population and what economists are predicting to be an economy set to go nowhere but down, at least from what i have read.