7/30/17

Things to Keep in Mind when Buying a Condo in Bali





Bali is the capital of Indonesia. Many say is one of  be the most beautiful holiday capital of the world. With its mountains containing volcanoes, lush green paddy fields, coral reefs, and stunning beaches, it is not surprising that millions of tourists arrive in Bali every year. There has been tremendous growth of the housing market in Bali in recent years. If are enamored by the beauty of Bali and want to buy a condo for yourself, you must keep the following points in mind.

Location is most important

If you are attracted to a condo, it is because of its beautiful location. Location is everything in Bali. Do not compromise with the location only because you are getting a condo for less in a remote area..

Do not go too far away from water

The beaches and coral reefs of Bali are mesmerizingly beautiful. Make sure that the condo you are buying has ocean view from the balcony. You can get cheaper apartments if you are willing to go 5-6km away from the ocean. But if you are thinking in terms of ROI, buying a property close to the sea is a good idea.

Find a reliable property agent

This is very important for you when buying a property in Bali. Try to get to an agent who has his own office and also well known in Bali real estate industry. He will make you sail through the process of buying a land or a villa with a clear title. Do not fall in the trap of fraudulent individuals who pose as property agents and dupe foreigners.

Free hold property is a big no for you

You are not eligible to buy freehold land in Bali if you happen to be a foreigner. You can get a villa or a piece of land or condo in Seminyak on lease. Make sure you obey all the laws and regulation sin place for foreigners interested in buying a property in Bali and you should be O.K.

Many foreigners make the mistake of using a local to invest in property. You can be easily fooled and your property overtaken by the local citizen as there is no laws to protect the rights of foreigners in such cases. The better way to invest in to a  property in Bali is to acquire the ‘Right to Build’ with the help of a foreign owned company that is registered in Indonesia. You can build your home in this manner and own it for 50 years with right t use extended by another 30 years.


Karl

P: +62 361 773 540
M: +62 815 5701 729
Jl. Sunset Road no 9A, Seminyak 80361 
Bali, Indonesia.
ppbali.com  
karl@ppbali.com