Expats purchase their dream home in Japan’s countryside
(CNN) — Kimberly and Paul Fradale were living in Tokyo, working at international schools, when they took the leap many an American expat dreams of: buying a large country house for a song and restoring it to its former glory.
Both had been raised in the countryside: Kimberly, who is Japanese-American on her mother’s side, grew up in rural Alaska, and Paul’s childhood was spent in rural New York.
Finding the inexpensive dream home
In a country known for sky-high real estate prices, buying a large country home (or “kominka”) in Japan is still affordable.
Courtesy Paul Fradale
“You can buy a home with a modest lot for as little as $20,000 USD, depending on location. Some towns even maintain lists of free or nearly free houses, in hopes of bringing in new families, ” Paul explains.
There are no restrictions on foreigners buying land or property in the country, and no citizenship or resident visa is required. That said, without a work visa or permanent resident status, obtaining a loan…
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