Potential for international investors to take out loans on their Japanese resort property generates excitement!
International real estate investors have returned strongly to Japan. Over the past six months, the strength of the U.S. dollar versus the Japanese Yen, coupled with the recent lifting of pandemic-related travel restrictions, has fuelled a new wave of interest in the country’s property market.
According to several local real estate agents, property transaction volumes in Niseko have already climbed back to 50% of pre-pandemic levels. Yet, despite the growing real estate market in this popular ski resort over the past 20 years, a lack of financing options meant that most buyers have resorted to all-cash purchases.
Can foreign nationals or non-residents of Japan get financing for Niseko?
Generally speaking this has been very difficult, despite attempts by some Japanese-based banks. However, in October 2022, Global Mortgage Group (GMG), the world’s leading international mortgage brokerage, announced that residential mortgages on investment properties in Niseko are now available for international investors.
Developed for first-time and experienced investors alike, GMG’s Niseko loan program caters to foreign nationals and non-residents of Japan looking to purchase or refinance completed properties in and around the Niseko region.
What are the loan terms?
Borrowers can now obtain up to JPY 1 billion in financing, with a maximum 70% loan-to-value and rates starting from 2% p.a. for 20 years, ideal for investors who have a long-term view of Niseko. Documentation and signing can be completed outside of Japan.
With full-mortgage solutions in the United States, Australia, Canada, United Kingdom, Germany, France, Spain, Portugal, Italy, Singapore, Hong Kong, Philippines, and Thailand, GMG affords investors the unique opportunity to consider their global portfolios when financing real estate.
If you would like to know more about the loan options, please complete the form below. Your information will be passed to a GMG representative.