Have you ever wondered if foreigners can purchase Bali villas advertised for sale? We’re here to provide concise answers to common questions about buying villas in Bali.
Can foreigners buy a villa in Bali?
- Yes, foreigners can legally buy leasehold properties called Hak Sewa, allowing ownership for up to 30 years with a possible 20-year lease extension. Leasehold means renting the property long-term, with the option to renew the lease or return the villa to the landowner.
- Foreign investment companies can acquire villas under Hak Guna Bangunan (HGB) title for better protection and flexibility, but primarily for commercial purposes.
How to buy a villa in Bali?
Take your time to inspect properties, make an offer, and negotiate with the owner.
- Discuss lease extension possibilities, extension price, and payment due date.
- Set extension details in the contract, preferably with the assistance of a local notary.
- Complete due diligence and make the payment, with buyers responsible for notary fees and sellers for selling tax.
- Hiring a trustworthy real estate agent is recommended for a secure and smooth transaction, as they can verify property ownership and recommend reliable notaries.
Can foreigners own property with a freehold title?
- Indonesian citizens have the exclusive right to own freehold land.
- Foreigners can own freehold condos with a strata title within apartment/condo buildings, but this doesn’t apply to Bali villas.
- Feel free to reach out to us for more information on buying a villa in Bali or other real estate topics. Visit our collection of leasehold villas for sale in Canggu and other desirable locations to find your perfect Bali villa.
