Buy Property In Bali: What You Need to Know
There is so much to love about Bali that it’s understandable that most people want to live here long-term or even permanently. The culinary scene is fantastic, the locals are friendly and welcoming, and the luxury lifestyle is very affordable in Bali. Whilst many foreigners choose to rent for a long-term lease, nothing will give you that sense of security better than owning the property you’ve built or renovated. Fortunately, our team at Harcourts Purba Bali can help you out on both options: buy property in Bali, either land or villas, and long-term rental.
Be well informed before you make a decision to purchase property in Bali. Know every detail, from legal paperwork, choosing the location, and most importantly choose a property agent who understands the market landscape very well. In order to keep it simple, our team at Harcourts Purba Bali have prepared a few quick tips on how to invest in Bali real estate safely.
Real Estate Bali guide for purchasing as a foreigner
There are three ways that a foreigner or expat can buy or invest in property in Bali. First, it is important to point out that foreigners cannot own property in Indonesia. However, through business investment or long leases, it is possible to invest in villas, buildings, or land.
Purchase property in Bali with PT PMA
Those who have established an Indonesian legal entity in the form of a foreign-owned company (PT PMA) are able to purchase through the company. This is a popular choice for those looking to set up businesses, operate, and stay long-term in Bali. By owning PT PMA as an Indonesian legal entity, you will have the right to acquire the Right to Build (Hak Bangun) and Right to Use (Hak Guna) certificates. Essentially both licenses make you the owner of the property. Your family members can inherit them and you can sell the property in Bali, either to foreigners or to Indonesian. If you wish to hold the property after 80 years, you can acquire a new certificate once the old one expires, which will last for three generations.
With business investment and proper visas, foreign nationals can look to expand their portfolio in Bali safely.
Buy Villa in Bali with Long-term Lease
As we stated, it is not possible for foreigners to own land in Bali, but there is the option to have long-term leases on land and villas. Property agents refer to these listings as leasehold. All real estate listings will state the length and terms of the leases, also any options for extensions, which can be 30 years or even longer.
Bali real estate for sale by owner: Hak Milik
Many foreign investors in Bali think the way to purchase property in Bali is by having an Indonesian citizen (a nominee) act on their behalf to acquire the Hak Milik (freehold) certificate. However, it is a tremendously risky practice as the local nominee can overtake the property and there is not much a foreign buyer can do to protect their investment.
Bali Real Estate best locations to buy
Now that you know how to safely purchase property in Bali. It’s time to choose your area. Bali has everything, from a remote island living in the middle of the rice fields, quiet village neighbourhoods in the east to buzzing areas where restaurants and clubs are within walking distance. Harcourts Purba Bali has carefully curated property listings in the most popular areas where most expats live, here is the list to name a few:
Canggu Bali Real Estate
Canggu is among the busiest areas in Bali at the moment. It is a suburb in the Badung region. Where the chic and delicious eateries are located, also the bars and restaurants with world-class menus open their doors from early morning for breakfast until late in the evening. You’d find island-style boutiques on the roads of Berawa or Batu Bolong. The area is a melting pot of so many cultures and demographics. You would hear the news about crypto markets being a daily topic in cafes over breakfast.
If you hate long drives and like the idea of being close to everything such as the gym, early breakfast spots, beach clubs, surfing spots, and nightlife, then Canggu is your area. The area is always bustling, in high and low seasons.
Especially in Canggu, there are always new cafes or eateries opening every month. The digital community is centered in this area, either working from cafes or coworking spaces. It’s no wonder most expats chose to live in Canggu. This place has rice fields, the beach, surfing spots, and beautiful homes also a stone’s throw away from the swanky Seminyak. It is the most exciting island lifestyle anyone can ask for!
We know there are so many options to choose from in the area, and choices can be overwhelming. But have no worries, we’ve got you covered! We have exclusive listings of land for sale and property for sale in Canggu and also Seminyak for you.
As a piece of inside information from us, now is actually the best time to buy property in Bali, especially in Canggu. The demand is ramping up as new developments are starting to finish in a few locations. Also please don’t miss the opportunity of getting the hottest deals before you decide to buy property in Bali.
Bukit Uluwatu and South Bali Real Estate
A paradise for surfers, that’s what the Bukit and Uluwatu areas are known for. High tides, world-class waves, and bamboo huts-style villas are spread out all over its cliffs, with white sand secret beaches skirting the area. Bukit and Uluwatu are located in the southern part of Bali, a 20-minute drive to the airport. It is the perfect area for those seeking to live among the cliffs overlooking the Indian Ocean.
Most residents in the area are surfers and retirees seeking a quiet life. Nice restaurants are dotting the roads to Bukit, you’ll have plenty of options from dining in a five-stars resort or in a stand-alone restaurant or warungs – Indonesian local eateries.
Dress up or dress down, nobody really cares. Bathers and flip-flops are the dress code in most places. We have prepared a list of carefully selected properties for you to choose from in the Bukit & Uluwatu area. Families and singles can choose their tropical dream homes.
Now, we have covered the basic information for you. Please don’t hesitate to contact Harcourts Purba Bali for further details. We have been in the industry for over 20 years, we sure have plenty of other details to share with you in order to make your Bali-life match your imagination.