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How long can I lease land in Bali?
In Bali, the landowner and the person or entity interested in leasing the property come to an agreement on the terms. Most leases last between 25 and 30 years, however some might be as short as 20 years and others as long as 40 years. The numbers apply to the first lease.
In most cases, the lease agreement will allow the lessee to renew the lease for a similar duration to the original lease, but the cost will be based on the current market value of the property. When a new villa has been constructed on the land, it is advantageous to have the option of extending the lease.
Can foreigners buy land?
Bali allows foreigners to own land, however there are a number of guidelines that must be fulfilled. Only Indonesian citizens are permitted to own freehold land, although foreigners may purchase leasehold real estate.
There are additional guidelines that must be observed when, for example, renting out the villa as a vacation rental on Airbnb or another website. Taxes and levies may be charged on the rental revenue the property generates, just like in any other nation.
Bali is one of the most picturesque places on earth, hence many foreigners are interested in buying land in Bali as an investment. We can put you in touch with local legal experts if you want expert guidance on the most recent regulations governing purchasing and investing in Bali.
What is the price of land in Bali?
The price of land in Bali can vary depending on a number of variables. Prices for leasehold land are typically determined per "are" (100 sqm) per year, and start at about Rp5.000.000 IDR (about $440 SGD).
The following are some of the primary factors that influence land prices in Bali:
Location: Just as when purchasing land in any other country, location has a significant impact on the price of land in Bali. The most in-demand spots and seaside properties often command the highest costs, while calmer, more rural areas provide the best property discounts.
Nearby Attractions: Similar to where the land is located, the presence of nearby facilities and attractions might raise the price of purchasing land. The prices of well-known stores, eateries, and beach clubs can all vary.
Size : The price of a plot increases with its size. Look for properties that meet your needs for a villa and pool to get the most economical land costs.
When investing in Bali, it's crucial to account for the cost of the property as well as construction, gardening, and furnishings.
How much land do I require?
The size of the villa you intend to build will determine how much land is needed. The quantity of land needed to construct a structure will typically be less than you might anticipate.
It is highly advised while looking for land to develop an investment villa to choose or build one with a pool and a well-kept garden.
Please contact us for guidance on the ideal land size for your future villa.