Candidasa offers a more traditional and tranquil Bali experience on the island’s east coast. Popular for diving and its natural beauty, the area is attracting boutique developers and buyers seeking privacy. Real estate here is still relatively affordable, with potential for future appreciation and niche tourism investments.
Bali offers two main types of land ownership: Freehold and Leasehold. Freehold land provides complete ownership rights and is ideal for long-term investments, but is nearly exclusively only available to Indonesian citizens. Leasehold land, on the other hand, involves leasing the land for a specific period, often ranging from 25 to 99 years, and can be owned by anyone including foreigners.
Yes, foreigners can purchase property in Bali through Leasehold ownership. Freehold ownership, however, is generally restricted to Indonesian citizens, except for certain designated areas where foreign ownership is permitted.
Land valuation in Bali is influenced by factors such as location, proximity to amenities, size, topography, zoning, and potential for development. Engaging a professional appraiser is crucial to obtain an accurate assessment of the land’s value.
Land zoning refers to the categorization of land for specific purposes, such as residential, commercial, agricultural, or tourism. Understanding land zoning is essential as it dictates the type of development allowed on the property and helps assess its potential for future growth and investment opportunities.
Yes, Bali has specific regulations governing land usage. It is important to familiarize yourself with local laws and regulations to ensure compliance and avoid potential issues. Consulting with a reputable real estate agency or legal expert can provide valuable guidance.