Indonesians like freehold property compared to leasehold. this is the norm that applies to Indonesian society. But the pattern that is developing at the moment is that existing property is a serious infrastructure and long-term business investment. Bali is a clear example of the high development of property for both domestic and foreign investors. Bali has undergone zoning changes. Zoning determines what type of business can operate for what area.
In the past 10 years, property in Bali has increasingly become a primadonna. Property development such as villas or resorts develops in various areas. Easily find villas anywhere, either in strategic locations such as Seminyak or in the midst of local residents’ housing. Bali freehold property for sale or leasehold is easier for expats, in line with the president’s decision to allow expats to own property under certain conditions.
For expats who want to find and buy Bali freehold property for sale, it is important to know the procedure for foreign ownership. In fact, Bali has received the majority of foreign investors, especially from Southeast Asia, such as China, Europe and Australia, and of course the local population. Don’t be surprised if prices continue to increase in the last 10-15 years.
For most local investors, Bali freehold property for sale is the best investment opportunity. Unfortunately, the increase in property in Bali is less balanced with other public infrastructure, especially the availability of clean water. How to determine which is more profitable, Bali freehold property for sale or leasehold?
Bali Freehold Property For Sale For Expat
Although at risk, many foreigners who want to have Bali freehold property for sale. Feeling free to own property is your own comfort. The fact of having freehold property for foreigners is contrary to Indonesian law. But there are ways for foreigners to buy Bali freehold property for sale by controlling directly through local contractual arrangements.
Currently, the applicable procedures and regulations allow expat to have freehold property for 80 years. The first 30 years, the first extension of 20 years, then the second extension for 30 years. The condition is that expat is related to living in Indonesia. When expat leaves Indonesia, property rights must be submitted to other people who meet the requirements.
Leasehold for Expat
Leasehold means no need to spend a lot of budget like freehold. But expat has certain limitations compared to freehold. Having freehold property means many things that expat can enjoy. Expat will lose the appreciation of the price of the land itself, something that freehold “owners” can enjoy. Bali freehold property for sale is the best investment both local or expat.