Blog
How To Buy Villas In Canggu
19 January 2021 by Ade
Looking to buy the tropical luxury villa of your dreams here in Canggu, Bali? It could be as easy as 1-2-3! Here is the best way to go about it.
If you’re looking to buy real estate, property, and villas freehold or leasehold here in Canggu, Bali, then you’ve come to the right place.
Bali Coconut Living is not just a property agency, but a team of passionate real estate professionals who would love to help you find your new home, land, or property here in Bali. Whether you are looking to buy or sell a property, we are here to listen and assist.
In many other parts of the world, purchasing your dream villa could be as easy as putting in an offer, waiting to receive the good (or not so good) news, and then receiving the keys to your front door! Unfortunately, the property landscape here in Bali and in Indonesia isn’t as straightforward as we’d all like it to be, thanks to the complicated local property laws.
The first thing to know is that foreigners aren’t legally allowed to own land or property in Indonesia.
With such laws in place, how could you ever see your dream of owning a Canggu villa in Bali coming true!?
Don’t worry. We’re here to help you out.
Basically, there are legal ways for you to own your dream slice of paradise. You have two options: the first is long-term rental, or you can set up a foreign-owned company registered here in Indonesia. With a long-term rental, you can lease a property for up to 25 years and extend it up to 70 years. Thereafter, the land and the villa is returned to the owner.
Here are more helpful tips on how you can soon buy your very own villa in Canggu:
- Make sure you go through the proper channels. Indonesia is a very bureaucratic country and it takes its property laws very seriously. Do not try to cut corners or take “the easy way out”.
- Remember that foreigners aren’t allowed to own property in Indonesia, so when it comes to buying your villa, do not try to use a local person’s name to act as the owner “on paper”. We’ve seen many people try to do this and lose more than just their money.
- Remember that every building should have a Building Permit (IMB), so do not purchase a villa if it does not come with an IMB.
- Remember to always choose a location where you would personally love to live. If you as a foreigner love the location, then chances are other foreigners and visitors to the island would love it too in case you plan to rent out (or sell) your villa in the future. As a rule of thumb, convenience is key, as most people won’t want to travel too far to get to the town centre, schools, shopping, or to the beach.
- To ensure that your entire villa purchase process is as easy as 1-2-3, partner with a reputable property agent such as Bali Coconut Living. We have an excellent track record in assisting our clients in finding their dream villas and we’ll be with you every step of the way so you won’t ever feel like you’re in the dark!
Bali Coconut Living is a Seminyak-based villa property agent that is always ready to assist you in buying, selling, or even maintaining a villa for passive income. Feel free to contact us by clicking via this link, or pick up the phone and call us at +62 361 847 6727.