Q. As an individual investor, what is involved in getting into the Bali real estate market?
A. Indonesian law places restrictions on the ability of foreigners to outright purchase property. But as long as the property is not Government subsidized, foreigners are allowed to invest in real estate under a clause referred to as a “Right to Use” lease.

Q. What is a “Right to Use” lease?
A. An Indonesian citizen who owns property can provide you with a long-term lease contract that allows you to make use of the property for personal or commercial purposes. 

Commercial use is also dependent on obtaining the appropriate permits and/or licenses for your business. 

The “Right to Use”lease is, therefore, the first step in the overall process to exploit property for commercial purposes in Indonesia.

Q. What advice would you give to foreigners seeking to invest in Bali?
A. Know that although the Indonesian legal system was established under Dutch rule, there are many nuances to the system as it exists today. So, it is best to good legal advice before you commit to anything in Indonesia.
Indeed, it makes good business sense to retain a lawyer in any country that you seek to do business in, however many people still try to avoid this step to save on cost.

However, what many people do not realize is that all the decisions made in the process can have legal ramifications. So, it is important to understand exactly what you are getting into and what the short- and long-term ramifications are.
Be clear about what you are seeking from an investment, the purpose, and what you want to get out of it.

Do not over complicate things and keep in mind the key basics of location, land and looks. Always get both the Pros and Cons of a deal after, you can compare that investment against alternatives and make sound investment decisions.

From an investment perspective, carefully consider the risk and rewards of each potential investment opportunity. And if you decide to purchase with New Nordic Group, know that these considerations will be presented to you so that you understand the total deal.

Individual investors looking to invest in Bali real estate have experienced ups and downs over the years. Reason being there are some complexities to the market that requires local knowledge to navigate. As a result, a few
unscrupulous agents have taken advantage of their local knowledge to enrich themselves.

An individual investor looking to exploit the Bali real estate market is best advised to research how to navigate the process of buying or renting in Bali first. The best way to do this is to go to Bali and become immersed in the market, build local contacts and develop local relationships. 

Alternatively, one can look to a commercial group that has an established presence in Bali and can offer hassle free access to the market. The recent growth of Condotels in Bali has attracted the attention of buyers and there are now quite a few successful brands up and running.
  

Ask your Agent (britishfareasttraders2019@gmail.com) or our sales office for more information about investing in Bali.