Yamanashi foreclosed properties, Japan

There is a 2LDK apartment in Kofu, Yamanashi Prefecture for a nominal Y1.008 million. The apartment is on the 3rd floor, and its 51m2 in area. You can secure the apartment for just Y252,000. The building is 22 years old, and is located 2.16km north of Kokubo Station. See the http://bit.sikkou.jp website for more details.

This is the only cheap property I could find in Kofu. Mind you, I would not buy an apartment. Better to buy house & land.

NZ Property Guide Philippine Real Estate Guide Japan Foreclosed Guide

Author Andrew Sheldon| Applied Critical Thinking | www.SheldonThinks.com

How to search for Japanese foreclosed properties

There are seven steps to finding foreclosed properties in Japan. You will probably need the images in order to follow this process. Just email me if you would like a copy of this 'Bit-sikkou-search-file'.

1. Go to the Bit-Sikkou website - See http://bit.sikkou.jp/

2. Select a region which interests you. I selected the Kanto region.

3. Select a prefecture within the region = I selected the Ibaraki region

4. Select a search mode. We can search by city, rail line/station or court branch. This screen shot shows the basic format, however specific details will of course vary by prefecture.

5. Narrow your search. I selected all forms of property, I selected properties between Yen 1-7million, and properties in all areas. Remember, you can use Google to translate this page, so you are not searching blind. Type the station name into Google Maps to find the location if you are unsure. i.e. www.google.com/maps or www.google.co.jp/maps (street locations & Japanese kanji).

6. Select bidding period. The continuation of the last page requires us to select the bidding period. Avoid selecting the ‘farmland’ option because these lands are assigned or restricted to farmers.

7. Foreclosed property listings. This page shows a list of the properties matching your criteria. Translate to English (right click screen, then ‘translate’). Normally, having established its house & land, I will look at the basic parameters (age, size of house, price), then go straight to the specific listing (in blue) and download the PDF to look at the house photos. The next issue is finding the location on Google Maps.

NZ Property Guide Philippine Real Estate Guide Japan Foreclosed Guide

Author Andrew Sheldon| Applied Critical Thinking | www.SheldonThinks.com

Listings of foreclosed properties in Ibaraki Prefecture

There are any number of places to buy foreclosed property in Japan. Away from the larger cities, you can find very cheap houses for less than $25,000. I am doing a random search here to give people an idea of the types of property available. My focus in this post is Ibaraki Prefecture, just north of Tokyo. Probably not my favourite place, but its fairly close to Narita (Tokyo) Airport, so good international connections for those looking for a holiday house.

This particular house I found listed on the http://bit.sikkou.jp website. When I searched for the address of this house, I came up with another foreclosed search website you might prefer. The minimum purchase price for this property is Y1.76 million ($US20,000), and a deposit of Y440,000 is required. You can download the specifications from either website as a PDF file.

The land area is 499m2, the house is 27 years old, and its 127m2 in floor area. The location of the property is here.

The address of this property in Japanese is:

日本茨城県神栖市太田３８５−２１

NZ Property Guide Philippine Real Estate Guide Japan Foreclosed Guide

Author Andrew Sheldon| Applied Critical Thinking | www.SheldonThinks.com