FAQs About Bali Property Investment

There are several ways of purchasing property in Bali.
a. By Nominee: Enter into a legal contract with an Indonesian Partner whereby they hold the freehold title to the the property and sign over practical control to the foreign purchaser through a power of attorney (nominee) can be risky.

b. By Leasehold: On expiry of the lease, which can be 20-30 years with renewals for another 30 years, the property reverts back to the Indonesian owner with all existing structures. Leasehold is expensive. 10% tax plus legal costs.

c. Through a Foreign Investment Company: This is one of the safest ways to purchase property in Indonesia. Foreigners can fully control the company and sell the title to parts (apartments, villas) of the property for Unlimited Life and total purchasing costs of up to 3%. This is the method applying to Lovina Beach Resort. It is always prudent to seek independent advice on your property status from an accredited legal professional specialising in Indonesian Property.

Bali property prices, particulary those in North Bali, are currently among the best value in the world. Prices vary depending on the location, with properties to the south at Seminyak, Nusa Dua and Kuta, costing many times those in the North. Prices at North Bali are currently up to one third those in the south and represent great value, while they last. The increasing development and tourist interest in Bali's North likely mean prices will steadily increase.

Usually 30% deposit and then progress payments, depending on the time frame for construction. The payment terms will be clearly stated in your contract. Please contact Mr. Graham Stott - thevillalovina@yahoo.com (+62 813 3706 0679) or Rob Stahl - rob.stahl@cable-car.com.au (+61 418 533 475) if you need to further discuss payment arrangements.

There is increasing tourist interest in North Bali because people remain keen to discover the unique peaceful atmosphere, history, culture and environment of 'Old Bali' that some say has been somewhat lost due to the over-commercialisation of the southern parts of the island. The Indonesian Government also recently announced plans to build a second airport for Bali, in the North, by 2012, which would open up the area to more visitors.

All new construction in Indonesia requires a building licence, known as an IMB. This building licence will stipulate all the construction specifications. It is very important to deal with a reputable builder who will follow the specifications of the IMB. We strongly recommend that you do your own due diligence and view the builder's previous constructions if possible. The builder involved with Lovina Beach Resort has lengthy experience working in Bali, having constructed numerous villas across Bali and is known for the high quality of his work.

There are a range of reputable companies that arrange property management. Depending on whether you have purchased an apartment or a house. Apartments and Hotel Resorts, like Lovina Beach Resort, have highly professional international property management companies to take care of your investment.

Generally there is no financing available within Indonesia. You may wish to check with your particular bank in your country.

There are number of testimonials from Bali property buyers on the page accessible through the 'Testimonials' tab.