Many non-Indonesian buyers have found 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 ability to occupy the property for a set period, typically up to 25 or 30 years, with options to renew.
For those 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 mandate a long-term visa—you only need valid identification. But, it’s highly recommended that you seek help from a qualified notary or property agent to make sure the process is handled correctly.
### Understanding Leasehold Property
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 long-term period, after which they can choose to renew the lease.
Owning property outright remains restricted for non-citizens, a leasehold agreement still provides many advantages. The terms can be worked out between the investor and the landowner, and in some cases, you might pass on the lease to your heirs.
### Seeking Professional Help
Navigating Indonesian property law can be confusing, especially for those unfamiliar with the regulations. That’s why consulting a reliable notary and a lawyer is important. They can help you understand the details of the law and make sure that the deal is in compliance with local legislation.
It’s also advisable to hire a qualified property agent who understands Bali’s real estate 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 foreign ownership limitations, buying property villa bali sale in Bali remains highly attractive for international investors. The island’s growing tourism sector, increasing real estate prices, and tropical lifestyle turn it into a prime investment opportunity.
Many expats view the island as an ideal location for vacation properties or income-generating properties. With the right legal assistance, international buyers can securely purchase property and enjoy the gains of Bali’s growing property market.
In conclusion, although direct freehold ownership is off-limits, many are discovering legal pathways for international buyers to acquire property in Bali through leasehold agreements, even with a residency permit.