Many non-Indonesian buyers are discovering that they can buy property in Bali even holding a tourist visa. Though this might appear surprising, the process is fully legal under specific rules.
### The Buying Process
From a legal standpoint, non-citizens cannot legally own land in villa bali sale Indonesia. However, with proper legal structures, non-Indonesian buyers are able to acquire real estate under a long-term leasehold system. This grants international buyers the right to use the land for a set period, typically up to several decades, with renewal options.
If you’re in Bali with a tourist visa, there’s still the opportunity to engage in these arrangements. This happens as buying property in Bali doesn’t require a long-term visa—you only need your copyright and some paperwork. But, it’s highly recommended that you work with a qualified notary or professional real estate agent to make sure the process is handled correctly.
### Leasehold vs Freehold
Since foreign buyers cannot own freehold property, the primary form of ownership for foreigners is the leasehold. This provides the non-Indonesian owner to lease the property for a fixed period, after which they can opt to extend the lease.
Owning property outright isn’t available to foreigners, a leasehold agreement still provides a lot of benefits. The terms can be worked out between the buyer and the seller, and in some cases, you might pass on the lease to family members.
### Seeking Professional Help
Navigating Indonesian property law can be complex, particularly for those unfamiliar with the regulations. That’s why consulting a reliable notary and legal expert is crucial. They can guide you through the specific regulations and make sure that the deal is in compliance with local legislation.
It’s also advisable to work with a trusted real estate agent who has expertise in the market and has experience with foreign buyers. This ensures you avoid any pitfalls and secure a good deal on your investment.
### Why Consider Bali Real Estate?
Despite the leasehold restrictions, investing in property bali villa for sale in Bali continues to be a popular option for foreigners. Bali’s booming tourism industry, increasing real estate prices, and tropical lifestyle make it a prime investment opportunity.
Many expats view the island as a perfect place for holiday homes or income-generating properties. With the right legal assistance, foreigners can securely purchase property and enjoy the gains of Bali’s growing property market.
In conclusion, while foreigners can’t own freehold property, many are discovering legal pathways for foreigners to acquire property in Bali using the leasehold system, even with a long-term visa.