Should I buy or rent a home in Tokyo?
If you have not spent a lot of time in Tokyo, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision...
"Buying a home in Tokyo is a good investment, as it is a very desirable and expensive city to live in. However, whether it is better to buy or rent will depend on individual circumstances. Factors to consider include budget, desired location and length of stay. Renting can be a good temporary solution, as it is often less expensive and more flexible than buying. There are also several different types of rentals available in Tokyo, including traditional Japanese apartments and modern condos. Buying a house allows you to build equity and make a long-term investment in real estate, but it requires a large initial deposit as well as regular mortgage payments. Ultimately, the decision of whether to buy or rent in Tokyo should be based on an individual assessment of their needs, financial situation, and lifestyle," said a member in Tokyo, Japan.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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Click connect to have our partner contact you via e-mail and/or phone.
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Should I buy or rent a home in Tokyo?
If you live in Tokyo, newcomers to Tokyo would love to hear your answer to this question.
