Interested in buying a villa or house in Sanur? Sanur is a stunning coastal town situated in southern Bali. Many people want to own a townhouse, villa, or apartment in Sanur. However, purchasing real estate in a foreign country like Indonesia can be overwhelming, particularly if you are unfamiliar with local laws and regulations.
This article offers a comprehensive guide to assist foreigners who want to purchase real estate in Sanur, Bali. From comprehending the legal requirements to locating the ideal property and concluding the transaction, we will cover everything you need to know to make your dream of owning a villa in Bali a reality.
Can foreigners buy real estate in Sanur?
Sanur is a promising investment location for those interested in investing in Bali’s real estate market. Like other regions in Bali, foreign investors must adhere to regulations when acquiring property in Sanur. Understanding the legal requirements and seeking expert advice is essential to ensure a smooth investment.
While it is difficult, foreigners can buy real estate in Sanur and other cities and regions in Indonesia. Local laws and regulations make it challenging for foreigners to purchase property in Southeast Asian countries, although there are a few ways. It is crucial to be aware of the local laws and regulations to avoid making any mistakes that could have legal repercussions.
Real estate investments in Bali
Understanding Indonesian rules and regulations when purchasing property in Sanur and other cities and regions in Indonesia is crucial. You can achieve this by researching the laws and regulations or obtaining assistance and guidance from a local real estate agent.
Indonesian property ownership
Hak Milik is only available to Indonesian citizens. As a result, foreigners cannot purchase property in their full name. Instead, they can establish a legal entity, a foreign-owned company called a PT PMA, to obtain Hak Pakai and Hak Guna Bangunan to purchase real estate property in Indonesia.
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How to buy real estate property in Sanur?
Foreigners who wish to buy real estate property in Sanur can do so in three ways:
- Leasehold: Real estate can be invested in by leasing property. Through leasehold, the foreigner does not fully own the company but rents it from the Indonesian national who holds the freehold title.
- Indonesian nominee: Foreigners can utilize an Indonesian nominee to purchase land registered under the nominee’s name. However, seeking advice from a legal professional before proceeding is crucial due to the legal implications and risks involved.
- Foreign-owned company (PT PMA): Establishing a PT PMA is a safe and popular way for foreign investors to purchase land and property in Sanur. This option provides greater protection and control over the investment.
Purchase property in Sanur with a PT PMA
The easiest way for foreigners to purchase property in Indonesia is through a PT PMA, which is considered a legal entity in Indonesia. A PT PMA is a foreign-owned company that is eligible to purchase property in Sanur and other areas in Indonesia.
A PT PMA can obtain titles such as Hak Pakai and Hak Guna Bangunan, which are required to purchase property with the PT PMA.
Foreigners can buy a villa or land through a PT PMA and obtain a KITAS residency permit through a foreign-owned company. With this residency permit, known as KITAS, foreigners can stay in Indonesia for up to two years.
Finding the right property for sale in Sanur
When looking for the right property for sale in Sanur, it’s essential to consider your budget and preferred location. Sanur is a beautiful coastal town located in the southeastern part of Bali. It is known for its laid-back atmosphere, white sandy beaches, and great snorkeling and diving spots.
You can start your search for properties for sale in Sanur by browsing online listings or contacting local real estate agents. Make sure to visit the properties in person and inspect them thoroughly before making any purchase decisions. You may also want to consider factors such as proximity to amenities, potential rental income, and resale value.
Buy your dream villa in Sanur with these 6 easy steps
Are you looking for a new property to buy in Sanur? Follow these six easy steps to purchase your dream villa in Sanur:
- Start by setting up a PT PMA with the help of a notary, accountant, or visa agency.
- Obtain the property certificate from the Indonesian National Land Office (BPN).
- Complete the payment and provide proof of payment.
- Ensure that the requirements for Hak Guna Bangunan or Hak Pakai are met.
- Request the building approval (PBG) to obtain the right to build.
- The BPN will issue the property certificate under your PT PMA.
Real estate prices in Sanur
Many options are available if you are looking for property for sale in Sanur. Sanur real estate is a great investment due to the area’s beautiful beaches, tourist appeal, and potential for long-term property value appreciation. You will find an overview of the real estate prices in Sanur in the below table.
|Average buy price||Average price/m2||Average rent price|
|House||IDR 500 million ($32,500)||IDR 10 million ($650)||IDR 100 million ($6,500)|
|Land||IDR 200 million ($13,000)||IDR 2.5 million ($163)||–|
Why invest in real estate in Sanur?
Investing in real estate in Sanur can be smart. Sanur is a popular tourist destination in Bali, attracting both domestic and international visitors, which can increase the potential rental income from your property. The town has a laid-back and peaceful atmosphere, making it a desirable location for those who want to escape the hustle and bustle of other areas in Bali.
Sanur offers many amenities, including restaurants, cafes, shops, and water sports facilities, making it an attractive place to live or stay for vacation. The real estate prices in Sanur are relatively affordable compared to other areas in Bali, which means that you can potentially make a good return on investment if you decide to sell your property in the future.
Are you interested in buying a villa or house in Sanur?
Buying a villa in Sanur is a smart investment decision due to the area’s natural beauty, affordable cost of living, and the increasing number of tourists that visit the region. A trusted real estate agent can help you navigate the legal requirements of buying a villa or house in Sanur, including setting up a PT PMA, obtaining the right licenses, and finding a property that meets your needs.
Get help with buying property in Sanur
Frequently Asked Questions (FAQs)
Can foreigners buy property in Sanur?
Yes, foreigners can buy property in Sanur. They can do so through a leasehold, an Indonesian nominee, or a PT PMA. The easiest and most secure option is purchasing through a PT PMA (a foreign-owned company).
Is buying a villa in Sanur a good investment?
Buying a villa in Sanur can be an excellent investment. Sanur real estate prices are relatively affordable compared to other regions in Bali, and the area is becoming increasingly popular among tourists.
How much does a villa in Sanur cost?
The cost of a villa in Sanur depends on various factors, such as location, type of villa, and amenities. Villa prices range from IDR 500 million ($32,500) to IDR 10 billion ($650,000).