A growing number of foreigners have found that it’s possible to buy property in Bali even holding a tourist visa. While this may seem surprising, the process is fully legal under certain conditions.
### The Buying Process
From a legal standpoint, foreigners are not allowed to legally own land in Buy Villa Bali Indonesia. However, through a legal arrangement, non-Indonesian buyers are able to acquire real estate under a long-term lease agreement. This grants foreigners the right to occupy the property for a fixed term, usually up to 25 or 30 years, with options to renew.
For those in Bali with a tourist visa, there’s still the opportunity to enter into such agreements. This is because the process of purchasing in Bali doesn’t require a residency visa—all you need is your copyright and some paperwork. But, it’s highly recommended that you seek help from a qualified notary or property agent to ensure everything is above board.
### Leasehold vs Freehold
Since foreign buyers aren’t allowed to buy freehold, the primary form of ownership for non-Indonesians is a leasehold arrangement. This allows the foreign buyer to lease the property for a long-term duration, after which they can choose to renew the lease.
While freehold ownership isn’t available to foreigners, a leasehold agreement still offers many advantages. Conditions can be worked out between the investor and the landowner, and you can even pass on the lease to your heirs.
### Seeking Professional Help
Understanding Indonesian property law can be complex, especially for foreigners. That’s which is why consulting a reliable notary and a lawyer is crucial. They can guide you through the details of the law and make sure that the property transaction is fully compliant with local legislation.
It’s also advisable to hire a qualified property agent who has expertise in the market and has experience with foreign buyers. This will help you stay clear of common issues and secure a good deal on your investment.
### Why Consider Bali Real Estate?
In light of the leasehold restrictions, investing in property villa bali sale in Bali remains highly attractive for international investors. Bali’s booming tourism industry, increasing real estate prices, and appealing island lifestyle make it a prime investment opportunity.
Many expats see Bali as a perfect place for holiday homes or income-generating properties. With the right legal assistance, international buyers can safely make property investments and enjoy the gains of Bali’s growing property market.
In conclusion, although direct freehold ownership is off-limits, there are clear ways for foreigners to acquire property in Bali through leasehold agreements, without needing a long-term visa.