One of the foremost things to know before purchasing a property is how the ownership system works. If you are looking for any kind of properties in Indonesia, especially in Bali, there are two types of ownership systems that you should know, namely leasehold and freehold. According to Indonesian law, leasehold is basically functioning as the “Right to Use” while freehold is the “Right to Own”. As a foreign investor, you have different access to own a property in Indonesia. Since the local government aims to protect the Indonesian citizens, the foreigners have limitations to invest in property. Foreign investors may only use the leasehold whenever they want to hold property in the country. But, what about Bali freehold property for sale, is there any possibility to purchase that?
Foreigners access to Bali freehold property for sale
Since Bali freehold property for sale is spreading all over the websites of property agency in Bali, you might wondering to purchase one of those nice villas. But, before taking further steps, you should know that freehold property means that the real estate is free from hold of any entity besides the owner. There has been actually a long conversation surrounding the topic of foreigners and freehold properties. Even though the request for freehold properties in Bali is still on the top position, but these properties require extra effort for the foreigners to own. The foreign investors are needing to have an Indonesian entity otherwise using their trusted Indonesian colleagues or relatives as the titleholder for the property certificate.
The benefit of choosing freehold instead of leasehold
Bali real estate market are making the buyers way more complicated than other places in Indonesia. Since there is a considerable number of foreign investors, the regulations are getting mixed-up sometimes. Choosing between the freehold and leasehold can actually very dependable on everyone’s needs. However, there are some basic benefits that you can receive from a Bali freehold property for sale, and not from the leasehold one. One of those benefits is that you do not have to extend the period of leasing since you will have the whole right of the freehold property. Besides that, the full ownership that you have as a freeholder will provide an absolute freedom to redecorate or renovate the property without bothering yourself to ask someone’s permission. All of these benefits will automatically give you full power to use the Bali freehold property for sale as whatever you wish.