Bali has become real estate havens for foreign investors
Article by Agus Arya
Bali has become real estate havens for foreign investors and home buyers. Foreigners trying to obtain a freehold title on land in Bali Indonesia, should note that current law is clear in both its letter and intent: namely, foreigners cannot directly hold freehold title on Indonesian land. The situations that often work out are when the foreigner buying the land uses their Indonesian spouse as the local nominee, neither party likely to rip each other off. Leasing can be a good way to go, as the original owner is comfortable allowing you to develop his land for 25 years or so, safe in the knowledge it will be his again one day.
Currently, foreigners can hold property for 25 years. After the term expires, they may renew their property rights with the National Land Agency for an additional 25 years and then extend it once more for 20 years, making for a total of 70 years.
Attractive landscape, the vibrant culture and a solid infrastructure has made the island one of the most sought after destinations. Whether your want somewhere to live permanently, intend to retire eventually or simply wish to have a holiday home for friends and family to use, Bali Land is a wise investment choice. Prices are still reasonable and property investment on the island has been generating high regular returns, even continuing to appreciate even during difficult times. We have a complete portfolio of different options that are available that accommodate to different needs and suit all budgets.
Take advantage of some of Bali ‘s most stunning pieces of land to develop for your own private home or simply reap the investment opportunity. Land Location is the most important factor in Bali as well as anywhere else in the world. Location of Bukit, Canggu, Ubud, with the view of beachfront, cliff, terrace ricefield and town centre, are the fastest increase prices after purchase. Homes on the beach or that offer great views are also the easiest to rent out if you do not wish to reside there on a fulltime basis. Dijual Tanah Bali provide many information and listing for appropriate property for you.
About the Author
Agus Arya, Real Estate Agent in Bali.Website : http://www.tanah-bali.com
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