2.5 million people visit Bali each years, it's golden sandy beaches, ornate and tranquil temples and beautiful smiley people - prove a major attraction for people from all over the world. Security across the region has been greatly improved and stabilised since the disastrous bombing, and visitors are returning to the Island of smiles in their droves.
There has never really been a better time to consider buying a villa in Bali, and the really shrewd investors got in there much much earlier.
Despite popular opinion, ฝากขายบ้าน purchasing a villa in Bali is not guaranteed to be easy or cheap, and there are local laws that need to be considered every step of the way. It's also worth mentioning that a holiday home can have high maintenance costs that need to be met even when you're not enjoying your new des res, so thorough planning is of the utmost importance.
However, don't let that put you off, so long as you are willing to take the time to manage you investment well, you will still be able to bag yourself a fantastic deal.
The legalities of buying a villa in Bali
Many new investors in Bali don't initially realise that foreigner are not allowed to own land, in addition they are also not permitted to own freehold rights over any particular building. The only option for foreigners looking to enjoy the benefits of ownership in Bali is to purchase was is known as a "HAK PAKAI", which in its essence is nothing more than a lease with 25 years.
This type of lease is often of no real value to investors as you can't get any sort of financial product such as a mortgage with this type of arrangement. Another real problem with this is that it limits you from renting out your villa to other Bali holiday makers when you are not using it with your own friends and families.
There are a number of solutions to this tricky problem though, mostly commonly, to hold the building in trust with a native Indonesian person as the nominee, or to form a type of foreign investment business, namely a PMA.
The solutions are as complicated as they are time consuming, but they repeatedly work well for smart investors who make the time to ensure they really understand the system and process and chose wisely when selecting a nominee. A bad nominee choice can lead to no end of trouble.
However, there are numerous companies that will assist you in navigating the arising issues for people interested in buying a villa in Bali, so there really is no need to tussle through the process all on your own
When Buying a Villa in Bali, local experience is priceless
If you take nothing else away from this article, the most important bit of advice you will get about buying a villa in Bali is: to make time to visit the island before you commit, and ideally at different times of the year.
Choosing the best location for your new Bali villa and life changing investment is of the utmost importance, so in any event making sure you try before you buy - is pretty much essential. Move around the island, get a feel for different places, there lay out, and the type of expats who reside there.
Speak with your prospective neighbours. Knowing a little Bahasa before hand will work wonders in this process, and make sure you speak to as many expats currently living your dream as possible. This will prove an invaluable source of information about the most dependable property management agents in the area, and is often the way people stumble across the best deals - like new Bali Villas up for sale that have yet to be advertised.
Sound guidance is to spend at least one month enjoying and exploring the island, staying in different Villa rentals in different regions, before making your decision.
Buying a villa in Bali can be a stressful but also intoxicating process as you realise how far your money can stretch, but it's not without its challenges and pitfalls. Much of this can be avoided if you take sound advice and don't rush the process.
Why not try before you buy' and rent a villa in Bali first.
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