In recent years properties such as villas and condotels have mushroomed. Investors see the future of property in Bali that never dies. Given that Bali is a popular tourist destination in the world, accommodation needs are increasing. Both villas and condotels are increasingly in demand by tourists as accommodation during the holidays.
Buying a villa or condotel is the best investment in Bali. How to find Bali freehold property for sale? Owning a villa or condotel will be profitable because of the contribution from rental income. Unfortunately, condotel is not a freehold property. You have building rights for a specified period of 10, 20 or 25 years.
The villa is perfect if you are looking for Bali freehold property for sale. If you don’t understand enough, you need to first understand the difference between freehold and leasehold. leasehold, the owner of the building has the right to extend the lease period or terminate it. Leasehold is applied to company ownership or foreigners. Based on Government Regulation (PP) No. 41 of 1996, Indonesia closed the door for foreign ownership of property.
Bali freehold property for sale benefits Indonesian citizens to invest. Property prices in Bali are amazing. Although Indonesia’s economy is globally declining but does not affect the property market in Bali. This is the reason why Bali freehold property for sale is in great demand.
Trustable Agency To Find Bali Freehold Property For Sale
If you are a foreigner, it might be difficult to get a property in Bali. Even though you have settled for years but your nationality is foreign, it is impossible to buy property. Another way that can be taken for foreigners is to look for property agents. Agents usually help foreigners seek Bali freehold property for sale. They also take care of all the best document processes.
Don’t choose the wrong property agent. Along with the high interest of foreigners to live and own property, many rogue brokers will be detrimental. The rogue broker is not only local residents but also foreigners. If you don’t know Bali, don’t trust anything about brokers who don’t have offices.
Browse the internet and see reviews can be your guide to searching for Bali freehold property for sale. Trusted property agents will ensure that there are no problems or disputes with a related property. Bali freehold property for sale is your chance to invest and make a profit, both short and long-term.