How does a foreigner buy property in Japan?

Is it possible to buy the unit of condos for investment by a foreigner?
Do I have to be a citizen? If so how do I become a citizen? How much would it cost? Answers are positive enough for you. Basically there is no restriction on foreigners buying properties in Japan for any kinds of purpose.
You don't need to be a Japanese citizen off course. However buying a house in Japan is still complicated. You need licensed realtors or brokers based in Japan to do the legal transactions in order to own a proper. The steps are as follow : After you have decided on a property, you need to submit the purchase application form ". Complete the "purchase application form". Notify the Seller of your intention to buy the property through us. It is important for the Seller to know that we can work on your behalf. The purchase application form includes; your price offer, payment method, contract date, date of delivery, others (requests) We will help you how to write on this form and negotiate all the details (including the final price) with the owner. Once you and the seller have agreed to all the major conditions, a sales contract will be prepared. We submit the purchase application form to the seller or the owner as soon as you send us a confirmation via e-mail. The answer from the owner will come soon. we wsit for the owner's reply, as soon as and you agreed with the terms, we will start preparing the contact. If you cannot come to Japan to sign a contract, you should appoint us as an agent to do it and we can sign a contract on your behalf. You need to identify yourself to our Judicial Scrivener in Japan because it is necessary to register your ownership of the property to a registration authority or Legal Affairs Bureau in Japan. We suppose it takes two weeks for our Judicial Scrivener to make sure of your identification upon receiving your affidavit from you via airmail. If you can identify yourself and send an affidavit to our Judicial Scrivener in Japan quickly and successfully, the period of two weeks can be shortened. Then you can send money to the bank account of our Judicial Scrivener in Japan after the two weeks preparation period. Prior to signing a contract, we as the registered real-estate agency will review all important contractual matters with you. Japanese law requires that a registered real-estate agent review certain contractual issues with the Buyer and Seller at the time of purchase. Such issues include; an overview of the property as of the contract date, the agreed upon payment method, compensation for contract violations and the owner's rights. After the required explanations we as your agent and the seller or the owner will acknowledge their agreement and will sign and seal the contract. Upon signing the contract, we will deliver to pay money for the property and for other miscellaneous expenses by withdrawing money from our Judicial Scriveneres bank account to get title of the property. Our Judicial Scrivener receives the registration settled certificate from the owner and will visit the legal affairs bureau to register your ownership. A week later the registration settled certificate comes back to our Judicial Scrivener, and he sends it to you by airmail and a copy for our reference.We will inform a lessee in the property of ownership transfer by showing a copy of the registration settled certificate and tell him to pay a rent to new ownerfs bank account. After buying property in Japan it is necessary for a foreign owner to assign a local representative to be a tax payment administrator. His responsibilities on your property include receiving a rent from a lessee; paying a real estate acquisition tax (6 months after your ownership transfer) ,property tax and income tax to the government every year.; renewing the contract if the lessee wants to stay and finding new lessee if the former wants to leave. According to Japanese property business the owner of property needs to open his bank account in Japan to receive a rent from lessee. In the case of a foreign owner, his tax payment administrator can open his bank account for him. He needs to pay income tax from his property rental revenue every March. His responsibilities on the property include receiving a rent from a lessee; paying a real estate acquisition tax (6 months after your ownership transfer) ,property tax and income tax to the government every year.; renewing the contract if the lessee wants to stay and finding new lessee if the former wants to leave. According to Japanese property business the owner of property needs to open his bank account in Japan to receive a rent from lessee. In the case of a foreign owner, his tax payment administrator can open his bank account for him. He needs to pay income tax from his property rental revenue every March. Income tax is imposed on the revenue gained from his property in a year beginning from January to December. 1. Sum up the annual income from all properties you have . (A) 2. Calculate the amount of expenses for managing properties (B) 3. Calculate net income (C) (A) - (B) -380,000yen= (C) The income tax for property will be 5% of net income. .