Editor’s Note: Kenneth Arbour is the President of Century 21 SKY Realty which has been serving the foreign community in Tokyo for all real estate needs for over 20 years.
If you’re long term in Japan then who hasn’t considered buying rather than renting. Rather than paying off someone else’s mortgage, it is always better to pay off your own. However, for foreign people living in Japan, one obstacle has always been a factor; where to get financing.
Below I outline which banks here in Tokyo are offering foreign people residential loans and what kind of base criteria they are looking for when lending money for residential properties. Take a look and I’m sure you’ll be surprised at your options!