Answer: There are various types of properties available for purchase in Bali, including villas, apartments, land plots, and commercial properties. You have a wide selection to find the perfect home or investment property that suits your needs and budget.
Yes, it is true. Indonesian law prohibits the sale of land to foreign citizens. Moreover, the law stipulates that everything on the land belongs to the landowner. Therefore, when buying properties, the land is leased or subleased for an initial term of up to 26 years, with an option for an extension of 15-20 years. When you purchase a property from the secondary market through Alex Villas, three contracts are typically signed: • A sale and purchase agreement for the property; • A land lease transfer agreement that transfers the remaining lease term to you; • A property management agreement with a managing company, if you choose to continue with the same service. If you decide to sell your property in the future, you will only need to transfer the land lease contract to the new owner.
Upon the purchase of any property from the secondary market, the land lease agreement may contain conditions for its extension. The specifics depend on the terms set out in the original contract between the previous owner and the landowner. Usually, the landowner would agree to extend the lease for an additional term (often 15-25 years), with the cost of extension calculated at the time of payment based on the market price of the land, excluding construction costs. Independent experts would typically determine this cost. However, it's crucial to review the terms of the existing lease agreement when buying property from the secondary market.
Answer: In addition to the property's cost, you need to consider additional expenses such as technical audit services (optional), legal fees, registration fees, and possible bank commissions for transactions from another country. We will provide you with transparent information about all possible expenses, so you can properly plan your budget.
The most popular areas to buy property in Bali are typically the ones that offer a combination of beautiful natural surroundings, proximity to amenities, and a vibrant local culture. Some of the most popular areas include: Seminyak: This upscale beach resort area is known for its luxury villines, high-end restaurants, and boutiques. It's also home to some of the island's most popular beach clubs. Canggu: Known as the 'Brooklyn of Bali', Canggu is popular among surfers and digital nomads. The area offers a mix of traditional Balinese life and modern amenities, including trendy cafes, yoga studios, and surf shops. Ubud: Located in the uplands of Bali, Ubud is known as the island's cultural heart. It's famous for its traditional crafts, dance, and lush terraces of rice paddies. Jimbaran: This area is known for its seafood restaurants, sandy beaches, and luxury resorts. It offers a more relaxed atmosphere compared to the bustling Seminyak and Kuta. Nusa Dua: This is an area of Bali known for its high concentration of luxury hotels. It has a number of beautiful beaches, golf courses, and convention centers. We also offer properties in other parts of Bali, which are equally appealing and should be considered due to their unique characteristics and potential for return on investment.
To list your property on our website, you will need to provide essential property details such as type, number of rooms, location, and photos. We also recommend providing additional information about the property's features and amenities to attract more potential buyers.
Our team of experienced professionals conducts a thorough assessment of the property, taking into account factors such as location, condition, size, and market demand. We also consider comparable sales in your area. Our goal is to determine a competitive price that maximizes your potential return.
Working with our real estate agency in Bali provides you with numerous benefits. We have a deep understanding of the Bali property market and maintain a wide client base. We provide professional marketing services, high-quality photography, and videos. We also offer legal support, conduct professional negotiations, and ensure confidentiality and reliability in all our actions.
The time it takes to sell a property can vary depending on various factors such as market demand, price, and competition. We make every effort to effectively promote your property and find a suitable buyer as soon as possible. However, the exact selling time may vary and depend on specific circumstances.
To sell your property, you will need to provide several mandatory documents, including ownership documents, property certificates, and building plans and permits (if applicable).