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Unlocking the Indonesian Property Market: A Comprehensive Guide for Expats

House Purchase, Home In Indonesia, News

Indonesia has become an increasingly popular destination for expats, with its vibrant cities, rich culture, and modern infrastructure. As a foreigner, you may be wondering if you can buy a house in Indonesia. The good news is that Indonesia has recently implemented new regulations that allow expats to own property in the country. Here’s a step-by-step guide on how to buy a house as an expat in Indonesia.
Check Your Eligibility: To buy a house in Indonesia, you need to have a valid visa or residence permit. The government has set a minimum price for the purchase, which varies depending on the location and housing type. For example, a foreigner’s landed house must cost at least Rp 5 billion ($329,190) if located in Jakarta, while an apartment unit in Jakarta must cost at least Rp 3 billion

  1. Choose the Type of Property: As a foreigner, you can only purchase landed houses with the “Right to Use” (Hak Pakai) status. This means that you can own the house but not the land on which it stands
  2. Commercial flats are another option for foreigners
  3. Find a Trusted Agent or Lawyer: Navigating the Indonesian real estate market can be complex, especially for foreigners. Working with a trusted agent or lawyer who has expertise in Indonesian real estate can greatly assist in finding the right property and ensuring a smooth transaction
  4. Understand the Legal Considerations: Indonesian law provides certain protections for foreign property owners, but it can be complex and vary depending on the specific circumstances. It’s crucial to understand the legal considerations, such as the role of an Indonesian spouse in property ownership and the use of an Indonesian nominee in property transactions
  5. Complete the Purchase: Once you’ve found the right property and understood the legal considerations, you can complete the purchase. All property transactions must be registered with the relevant local authorities to ensure legal recognition of your rights over the property

 

In conclusion, buying a house as an expat in Indonesia is now possible with the new regulations in place. By following these steps and working with trusted professionals, you can successfully navigate the process and find the perfect property to suit your needs.