Yokohama

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Real Estate Agencies

Information about working with agencies to find and secure housing in Yokohama.

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1. Real Estate Agencies in Yokohama

Real estate agencies in Yokohama cater to both Japanese residents and foreigners. Many agencies specialize in assisting expatriates, offering English-speaking services and tailored support. Here are some key agencies to consider:

Popular Real Estate Agencies in Yokohama:

  1. Ken Corporation

    • Specializes in high-end properties and expatriate housing.
    • Offers English-speaking services.
    • Focuses on rental apartments, houses, and serviced apartments.
    • Website: Ken Corporation

  2. Leopalace21

    • Known for short-term and long-term rental apartments.
    • Offers furnished apartments with utilities included.
    • User-friendly online platform available in English.
    • Website: Leopalace21

  3. Apaman Shop

    • A nationwide chain with branches in Yokohama.
    • Offers a wide range of properties, from budget-friendly to luxury.
    • Some branches have English-speaking staff.
    • Website: Apaman Shop

  4. Real Estate Japan

    • A platform connecting users with local agencies.
    • Listings include apartments, houses, and investment properties.
    • English-friendly and tailored for foreigners.
    • Website: Real Estate Japan

  5. Tokyo Housing

    • Specializes in assisting foreigners with rental properties in the Tokyo-Yokohama area.
    • Offers bilingual support and guidance on local procedures.
    • Website: Tokyo Housing

2. Types of Housing Options in Yokohama

Yokohama offers a variety of housing options to suit different lifestyles and budgets. Here are the main types:

Rental Properties:

  • Apartments (Mansions and Apฤto):

    • Mansions are reinforced concrete buildings with better soundproofing and durability.
    • Apฤto are smaller, wooden or steel-framed buildings, often more affordable.
    • Sizes range from studio apartments (1R) to multi-bedroom units (3LDK or larger).

  • Serviced Apartments:

    • Fully furnished units with utilities and cleaning services included.
    • Ideal for short-term stays or expatriates.

  • Share Houses:

    • Shared living spaces with private bedrooms and communal areas.
    • Popular among young professionals and students.

Houses:

  • Detached houses are available in suburban areas like Totsuka, Aoba, and Kanazawa wards.
  • These are ideal for families but come with higher costs.

Buying Properties:

  • Condominiums and detached houses are the most common options for purchase.
  • New developments are often found in Minato Mirai and other waterfront areas.

3. Average Housing Costs in Yokohama

Housing costs in Yokohama are generally lower than in Tokyo but vary depending on location, size, and type of property.

Rental Costs:

  • Studio Apartments (1R/1K): ยฅ50,000โ€“ยฅ80,000/month
  • 1LDK/2LDK Apartments: ยฅ80,000โ€“ยฅ150,000/month
  • Family-Sized Apartments (3LDK+): ยฅ150,000โ€“ยฅ300,000/month
  • Serviced Apartments: ยฅ200,000โ€“ยฅ500,000/month

Buying Costs:

  • Condominiums: ยฅ30 millionโ€“ยฅ80 million (depending on size and location).
  • Detached Houses: ยฅ40 millionโ€“ยฅ100 million+ (suburban areas are more affordable).

4. Services Provided by Real Estate Agencies

Real estate agencies in Yokohama typically offer the following services:

  • Property Search: Agencies help you find properties based on your budget, preferences, and location.
  • Lease Negotiation: They assist with negotiating rental terms and conditions.
  • Documentation Support: Agencies handle lease agreements, guarantor arrangements, and other paperwork.
  • Language Assistance: Many agencies offer bilingual support for non-Japanese speakers.
  • After-Sales/Rental Support: Some agencies provide ongoing support for maintenance issues or relocation services.

5. Procedures for Renting or Buying a Property

Renting a Property:

  1. Search for a Property:

    • Use online platforms or visit a real estate agency.
    • Schedule property viewings.

  2. Application Process:

    • Submit an application form with personal details.
    • Provide necessary documents (passport, residence card, proof of income, etc.).

  3. Guarantor Requirement:

    • Most landlords require a guarantor (Hoshลnin). If you donโ€™t have one, agencies can arrange a guarantor company for a fee (ยฅ10,000โ€“ยฅ50,000/year).

  4. Initial Costs:

    • Key Money (Reikin): A non-refundable gift to the landlord (1โ€“2 monthsโ€™ rent).
    • Deposit (Shikikin): Refundable security deposit (1โ€“2 monthsโ€™ rent).
    • Agency Fee: Typically 1 monthโ€™s rent.
    • First Monthโ€™s Rent: Paid upfront.

  5. Sign the Lease:

    • Review and sign the lease agreement.
    • Ensure you understand the terms, including renewal fees and maintenance costs.

Buying a Property:

  1. Consult a Real Estate Agent:

    • Discuss your budget, preferences, and financing options.

  2. Property Viewing:

    • Visit properties and evaluate their condition, location, and amenities.

  3. Financing:

    • Secure a mortgage if needed. Foreigners may face stricter requirements, such as permanent residency or a stable income in Japan.

  4. Offer and Contract:

    • Submit an offer and sign a purchase agreement.
    • Pay a deposit (usually 5โ€“10% of the property price).

  5. Final Payment and Registration:

    • Complete the payment and register the property under your name.

6. Local Regulations and Considerations

  • Residency Status: To rent or buy a property, youโ€™ll need a valid residence card and visa.
  • Noise and Etiquette: Japanese housing has strict rules about noise levels, especially in apartments.
  • Garbage Disposal: Yokohama has a detailed garbage separation and collection system. Learn the rules for your area.
  • Earthquake Preparedness: Ensure your property is earthquake-resistant and familiarize yourself with emergency procedures.

7. Cultural and Site-Specific Considerations

  • Proximity to Train Stations: Properties near train stations (e.g., Yokohama Station, Minato Mirai Station) are highly sought after and more expensive.
  • Neighborhoods:
    • Minato Mirai: Modern, upscale area with luxury apartments.
    • Yamate and Motomachi: Historic neighborhoods with Western-style houses.
    • Totsuka and Aoba: Suburban areas with family-friendly housing.
  • Seasonal Demand: The busiest times for moving are March (start of the school year) and September. Plan ahead to secure the best options.

8. Tips for Working with Real Estate Agencies

  • Be clear about your budget and requirements.
  • Ask about hidden costs (e.g., renewal fees, maintenance fees).
  • Use agencies with bilingual staff if youโ€™re not fluent in Japanese.
  • Visit multiple properties to compare options.

By working with a reputable real estate agency and understanding the local market, you can find a comfortable and suitable home in Yokohama. If you need further assistance, feel free to ask!