How can a foreigner buy a property in Indonesia?
According to the latest government decree, it is enough for foreign citizens to present a foreign...
Changes in the legislation of Indonesia make the process of acquiring housing by foreigners more affordable. We mentioned the upcoming changes earlier, and here's what you should know now:
According to the latest government decree, it is enough for foreign citizens to present a foreign passport to purchase real estate. This is a simplification of the procedure and the abolition of the requirement for a residence permit (CITA and KITAP).
However, there are some limitations:
Land Area: The maximum area of land under real estate for foreigners is 2000 m2, except in cases when they can prove their usefulness to the country.
Minimum price: The price of a house or apartment must exceed the legal minimum threshold for each region. For example, in Jakarta, the minimum cost of apartments is $197,600.
The government also decided to encourage the purchase of premium class by increasing the minimum price threshold for paying property taxes to $ 2.1 million. It is expected that these measures will attract foreign investors, contributing to the growth of real estate sales in the country.
Contact us! We will help you choose a property in Bali at a bargain price and maximize your rental income!