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Bali Property purchasing made easy

Property Management

Bali Property purchasing made easy

  Property Title and their Requirements   Hak Sewa/Most commonly known as Leasehold (Foreign ownership) Hak Sewa is most commonly known as the Leasehold ownership title, which grants the right to occupy someone else's property (land or villa) for a duration of time. Foreigners can legally own a property with this title. In practice you purchase the leasehold rights remaining on the contact including any and all extensions granted on the master lease agreement.   Requirements: -      Passport -      ID Card -      Money in the bank (Please note that all leasehold ownerships are done upfront for the remaining duration (Years) on the lease and not paid in yearly payments – Full settlement as advertised   -      No loans available in Indonesia to foreign investors   -      No payment plans unless it’s a Off plan or under construction property that has a construction period left on the build.   Hak Milik/Most commonly known as Freehold (For Indonesian citizens only) Freehold ownership title, which grants permanent ownership of a property. Hak Milik is registered in the Land Office under the owner’s name, with every ownership transfer and title conversion recorded in the certificate itself as well as the Land Office. Only Indonesian citizens are allowed to hold this title. Requirements: -      ID card -      Please note – No foreigner can hold a Freehold title -      Mortgages available to Indonesian citizens only   Hak Pakai Similar to Hak Sewa, but involves the conversion of the Hak Milik into Hak Pakai in the Land Office which will cost more time and money. Hak Pakai is less used than Hak Sewa due to other factors including Hak Pakai properties may only be used for private residence.   Requirements: -      Passport -      ID card -      Ketas   Hak Guna Bangunan – PT/PMA   Subject to limitations, including: -      Only one plot of land can be purchased under a single name. -      The maximum land area allowed is 2.000 m² This title is reserved for commercial purposes, converted from Hak Milik, and the ownership is transferred to either an Indonesian-owned or foreign-owned company (PT. PMA). Using this title is the most secure way in owning a property for foreigners. An HGB is valid for up to 70 years, and comprises 30 years of initial validity + 20 years of extension + 20 years of renewal. It can be reverted to Hak Milik if the ownership is transferred to an Indonesian citizen   Requirements: -      Passport -      ID card -      PT/PMA   What is The Buying/Leasing Process In Bali? Buying Process | Leasehold / Hak Sewa 1.   Agree on price and purchasing conditions 2.   Draft up MOU / Offer / Letter of Intent 3.   Deposit payment 4.   Notary due diligence 5.   Signing of Lease agreements 6.   Finalize payment as per agreement 7.   Handover    Buying Process | Freehold / Hak Milik / HBG / Hak Pakai 1.      Agree on price 2.   Draft up MOU / Offer / Letter of Intent / PPJB 3.   Sign MOU / Offer / Letter of Intent / PPJB 4.   Deposit payment 5.   Notary due diligence 6.   Finalize payment and tax 7.   Sign AJB 8.   Title Deed transfer 9.   Handover  

05 March 2025

3 Difference Property in Bali

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3 Difference Property in Bali

Property Differences     There are 3 Different types of properties in Bali – Let us explain   Villa – Most common name for either Freestanding property in Bali Villas are freestanding detached homes, that offers a garden and pool space, and privacy walls separating you from the owner next door. Most these homes offer a open view of gardens, pools, rice fields, the ocean or jungle.   Townhouse – Complex living These are well known for complex living. Being more affordable than stand alone villas, but can still offer you the privacy you want just within a gated community. Some townhouses offer private swimming pools, and small gardens, but with larger common areas like driveways. These units generally share a wall and build over 2 floors.   Apartment living These are small to medium in size and are located within a much larger building. Being the more affordable option to purchase in Bali, these are a perfect fit for younger couples or singles as a first-time investment pursuit. Most apartment complexed offer communal amenities such as pools, gardens, parking etc. Luxury apartment living provides a little more space but finding a luxury apartment can be difficult.    These are the most common property types in Bali. Whether you looking for a Freestanding spacious home or a small apartment for those short trips that won’t break the bank, we have you covered. 

17 February 2025

Buying Property in Bali

Property Investment

Buying Property in Bali

What you need to consider when purchasing property in Bali   What you need to consider when purchasing property in Bali Bali is well known for its vibrant culture, breathtaking landscapes, Incredible Street food, cultural diversity, nightlife and all-round Lifestyle. From world renowned Beaches, Cliff clubs, Fine dining, Fitness and wellness facilities and Incredible shopping – it truly does have something for everyone.   Investing in Bali can be an exciting and wonderful journey, and can greatly benefit your lifestyle and Income, but before you embark on this exciting journey it’s important to understand the foundations on what to consider when looking for either an investment or primary home in Bali.     1. Location, Location, Location There is a common phrase in Real Estate for a good reason. Location truly does matter. When selecting the island of Gods as either a second home, or purely for investment it’s important to know the areas and selecting the right location. Knowing where you would like to be based, for primary property is important, what you want to be surrounded by and the kind of lifestyle you would like to have. For investment its more common to consider what “potential renters” would want when visiting the island. Proximity to popular attractions, beaches, and amenities for holiday makers is very important, but for primary residential owners it may be a quieter tranquil location. Seminyak, Sanur, Umalas and some locations like Balangan offer a mix of both, ensuring a perfect blend for a comfortable living experience. However, these areas are fantastic high yielding locations as well.   2. Rental income or the potential for rental income: For those who seek to solely invest, seeking out the right villas and assessing the rental potential of the villa is vital. Bali's booming tourism industry makes short-term rentals a lucrative option. Do some due diligence on the areas demand, management services, and assess if the options you choosing are reliable for seamless income generation.    3. Property Amenities and Villa Design: With so many villa options at your fingertips, and a plethora of different designs, fittings and Interior, its important to find your preference – What sets the villa apart from the rest? the villa's layout, the quality of materials used, and the presence of modern conveniences. Pools, lush gardens, and spacious living areas enhance not only your living experience but also the property's appeal to potential renters.   4. Land and Building Size: Understanding the size of both the land and the building is crucial to ensuring your investment meets your expectations. Does the design provide privacy, and is the space efficiently used to maximizes the villa's functionality. Remember, buying a home is like getting married – Lets get it right first time!   5. Ownership Titles / Leasehold vs. Freehold: Clarifying the titles on the property is a critical step in the buying process. Ensure the villa has a proper freehold title or a secure leasehold arrangement. Legal assistance is highly recommended to navigate complex Indonesian property laws and safeguard your investment. We have you covered with BVR Legal to ensure all these important steps are covered, and make the investment as seamless as possible.   6. Surrounding Infrastructure and Access: Check the surrounding infrastructure to ensure a comfortable living experience. A well-maintained road, reliable water supply, electricity, drainage, and access to essential services. These may seem like small things but in fact can be a large part of the villa experience for renters, and for yourself.   7. Local Regulations and Zoning: Understanding and complying with the regulations and zoning laws in Bali is imperative. Making sure that the villa is in the right zoning, with all the correct building licences, rental licences and adhering to these rules will ensure that you are not impacted negatively in the future.   8. Surrounding Developments or Future developments: Purchasing in Bali can be tricky, zoning regulations can change on some land blocks and new buildings sprout up on the daily. Researching an area and its demands can be a good thing, you can clearly judge for yourself the future developments or potential developments in the area. Upcoming infrastructure projects, commercial establishments, and residential developments can significantly impact the property's value and desirability, positively and negatively. Choosing an area with positive growth prospects ensures long-term returns on your investment.   9. Maintenance and Renovations works – This is a must: For all properties in Bali you absolutely have to factor in the costs associated with maintaining and potentially renovating the villa. A well-maintained property preserves its value and attracts better rental opportunities. Be prepared to invest in periodic maintenance and upgrades to keep the villa in optimal condition.   10. Last but not least – Your Real Estate agent:  It's highly advisable to engage the services of a reputable real estate agency. A reliable agency acts as your trusted partner, guiding you through legalities, negotiating on your behalf, and offering valuable insights into the local market, how to best move forward and things to consider looking out for. With boots on the ground, agents can really benefit you greatly. Take the first step towards your dream villa in Bali – reach out to us and begin your investment journey with good advice.    Investing in a villa on the Island Of Gods can be sooooo very exciting, and a life changing experience and venture. Make it Great with BVR Property, let us guide you through this process, take on the small tasks and assist with the larger ones. At BVR we consider clients family, we aim to serve and pride ourselves on the fast experience of our property Team to guide and facilitate your journey in Bali      Contact us today to start this wonderful and exciting journey     

16 February 2025

Luxury Real Estate in Bali: Exploring High-End Properties

Property Investment

Luxury Real Estate in Bali: Exploring High-End Properties

Luxury Real Estate in Bali - What if paradise could be more than just a vacation spot? What if it could be home? Bali, the Island of the Gods, offers exactly that! Beyond its breathtaking beaches and vibrant culture, the island has become a sought-after destination for high-end property investments. Luxury property in Bali isn’t just about finding a place to live, it’s about stepping into a lifestyle that perfectly blends modern elegance with the island’s natural charm. Ready to explore the possibilities? Dive into our full article and discover everything you need to know about luxury properties in Bali! Read more: Retire in Bali: A Complete Guide to Prepare Your Haven Life  Pondok Wisata License: Your key to a Rental Business in Bali Leasehold in Bali: A Pocket Guide for Foreigners What Defines Luxury Real Estate in Bali? When it comes to luxury homes for sale Bali, it’s all about exclusivity, design, and prime locations. From contemporary beachfront mansions to traditional Balinese villas surrounded by rice fields, these properties are crafted to provide the utmost comfort and style. Features to Expect in Luxury Properties  1. Architectural Excellence: Combining modern aesthetics with traditional Balinese elements. 2. Prime Locations: Beachfront, cliffside, or nestled in lush greenery. 3. State-of-the-Art Amenities: Infinity pools, private gyms, and smart home systems. 4. Personalized Spaces: Large living areas, custom interiors, and scenic views that cater to individual tastes. These attributes are what make luxury retirement villas in Bali stand out in the global market.   Top Locations for Luxury Propeties in Bali  Finding the best high-end properties depends largely on location. Each area in Bali offers its own unique appeal. 1. Seminyak and Canggu  Known for their chic vibe, Seminyak and Canggu are hotspots for those seeking Luxury property in Bali. Here, you’ll find high-end villas with proximity to stylish beach clubs, world-class dining, and boutique shopping. 2. Uluwatu and Jimbaran  For breathtaking cliffside properties overlooking the Indian Ocean, Uluwatu and Jimbaran are unbeatable. These areas are home to some of the best luxury villas in Bali, perfect for those seeking privacy and tranquility. 3. Ubud  If you dream of a serene escape surrounded by lush greenery, Ubud’s luxury market will captivate you. From artistic villas to wellness-focused retreats, Ubud is ideal for a more tranquil lifestyle.   Why Invest in Luxury Properties in Bali? Investing in luxury real estate in Bali isn’t just about owning a stunning property, it’s about securing a lifestyle and a financial asset. 1. High Rental Yields  Luxury properties, especially in prime tourist destinations, generate impressive rental income. Villas in popular areas like Seminyak or Ubud are always in demand. 2. Growing Market Value Bali’s luxury property market continues to grow, making it a solid investment for the future. 3. Retirement Opportunities  For those considering long-term plans, luxury retirement villas in Bali offer the perfect blend of comfort and relaxation. Imagine spending your golden years in a custom-designed villa with breathtaking views!   Best Types of Luxury Properties in Bali  When it comes to Bali's luxury market, the options are as diverse as the island itself. 1. Beachfront Villas  These are the epitome of luxury, offering direct access to the beach and stunning ocean views. Some of the best luxury villas in Bali are located in areas like Sanur and Nusa Dua. 2. Private Estates  For those seeking exclusivity, private estates come with expansive grounds, multiple bedrooms, and premium amenities. These properties are perfect for hosting events or enjoying a secluded getaway. 3. Resort-Style Properties  Many high-end developments offer resort-like amenities, including spas, fitness centers, and concierge services, giving you the full luxury experience. 4. Traditional Balinese Villas Blending local design with modern features, these villas are ideal for buyers who want to embrace Bali’s culture while enjoying contemporary comforts.   How to Buy Luxury Property in Bali  The process of purchasing luxury property in Bali requires careful consideration and legal guidance, especially for foreign buyers. Tips for Foreign Buyers 1. Understand Ownership Laws: Foreigners can’t own freehold property but can secure leasehold agreements or use rights. 2. Work with Trusted Agents: Partner with reputable real estate agents who specialize in luxury homes for sale Bali. 3. Conduct Due Diligence: Ensure all paperwork and property permits are in order. Legal Support  Hiring a local legal advisor is crucial to navigate Bali’s property laws and secure your investment.   Why Bali Is a Top Choice for Luxury Living The allure of luxury properties in Bali goes beyond the properties themselves. It’s about the lifestyle. 1. Unparalleled Natural Beauty  From pristine beaches to lush jungles, Bali’s landscapes provide a stunning backdrop to any property. 2. Rich Culture and Community Bali offers a unique blend of traditional and modern living. The warm, welcoming community adds to the island’s charm. 3. World-Class Amenities Bali is home to top-notch restaurants, international schools, and healthcare facilities, ensuring a comfortable lifestyle for residents.   Final Thoughts on Properties in Bali Whether you’re looking for a dream vacation home, an investment opportunity, or a peaceful retirement retreat, luxury properties in Bali deliver unparalleled options. With its breathtaking properties, vibrant culture, and growing market potential, Bali stands out as a prime destination for high-end living. Ready to find your slice of paradise? Explore luxury real estate in Bali with BVR Property today and begin your journey to owning a piece of this stunning island!

13 January 2025