The bottom line is this; please make sure the information you’ve been given is correct. Double-check everything! Because ignorance maybe bliss but it’s no argument under any country’s laws.
We've written plenty about rules and regulations in Indonesia and how we believed things would change, especially regarding the rules around investments. Well, now it seems to be happening!
A lot has been happening in Bali recently around the subject of property rules and regulations and their enforcement. If you're a buyer or a seller, what should you do?
Recently Airbnb announced Bali was the second most viable villa and house rental market in the world. Here's what I think is driving this through visitor arrivals and trends in Bali's hospitality accommodation scene.
The last few years have seen Indonesia go through massive changes. Some of them are critical in paving the way for the country’s development in the years to come, and all of them are spearheaded by the current administration.
The nominee structure for foreign ownership of freehold land and property in Indonesia is essentially illegal as Indonesian law clearly states only Indonesian nationals can own freehold titles. There are, however, legal alternatives and ownership structures that don't include 'nominees'.
The general enforcement of zoning regulations is better now than in the past but that doesn’t help those areas that have already been overbuilt like Seminyak. There is hope, however for places further out like Canggu.
Bali's infrastructure, energy and water were the biggest threats in the short to long term. Now, how do they stack up?
Let’s look at some interesting facts and historical aspects.
Taking a look into one of Bali's favourite emerging paradise locations.
A possible adjustment in hot spot locations has happened and we’ve seen properties being transacted at lower prices.
Addressing the rumours about Bali's property market.
Bali is an amazing and inviting place to live, and also invest.