Many foreigners have found that they can buy property in Bali even on a tourist visa. While this may seem unusual, it’s entirely legal under certain conditions.
### How It Works
Technically, foreigners are not allowed to own land directly in bali villa for sale Indonesia. However, through a legal arrangement, foreigners can purchase property under a long-term lease agreement. This gives foreigners the ability to occupy the property for a fixed term, usually up to 25 or 30 years, with options to renew.
For those on a tourist visa, it’s still possible to enter into such agreements. This happens as buying property in Bali doesn’t mandate 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 everything is above board.
### Leasehold vs Freehold
Since foreign buyers aren’t allowed to buy freehold, the primary legal structure for foreigners is a leasehold arrangement. This allows the foreign buyer to lease land for a long-term duration, at the end of which they can choose to renew the lease.
While freehold ownership isn’t available to foreigners, leasing still offers many advantages. Conditions can be negotiated between the investor and the landowner, 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 foreigners. That’s why consulting a reliable notary and legal expert is crucial. They can guide you through the specific regulations and ensure that the property transaction is fully compliant with Indonesian law.
It’s recommended to hire a qualified property agent who understands 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?
In light of 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 turn it into an excellent investment.
A number of expats see Bali as an ideal location for vacation properties or rental investments. By securing proper legal support, foreigners can safely make property investments and benefit from Bali’s real estate market.
To sum up, while foreigners can’t own freehold property, there are clear ways for international buyers to invest in Bali using the leasehold system, without needing a long-term visa.