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If you’re looking for a lucrative investment in Bali Villas, your safest bet is in property. The increasing influx of tourists encourages higher development of the tourism industry, giving visitors a diverse choice of vacation experiences. Bank of Indonesia quotes an incredible growth of wealth from Bali’s tourism in the past five years from 9.3% of Indonesia’s GDP to 15% this year. Indonesia as a whole is gearing up towards a bright future in tourism.   Before you get into the property business, you need to know the two types of property ownership style: freehold and leasehold.   Freehold property   This is just a fancy term for property that you truly own, land and building. Even if you’re still paying off your mortgage, you essentially have the property ownership certificate (even if the mortgage institution is holding it as collateral). You have absolute control over your property because you are the freeholder of this freehold property.   There is no time limit to your ownership, and you are entitled to make any improvements to the property as you see fit, provided you have a permit. You are entitled to lend the property to a tenant for a periodic ground rent and for a specific purpose, also provided you have a permit. Be aware that the freeholder’s certificate is only granted to Indonesian citizens or to those who have a spouse that holds Indonesian citizenship.   Rented property   Before we move on to defining the term “leasehold property”, it is important to note the difference between renting and leasing. When you rent a property, you are given the right to use the property as a place to live or conduct business. But you are not entitled to use the property as a product of a business itself, in other words you can’t rent it out to a sub-tenant. The freeholder is given the greatest responsibility for the maintenance of the property.   Ground rent is due daily, monthly, or yearly, as written in a contract agreed between tenant and landlord, but there is no definite agreed time period for that contract. If the tenant decides to stop renting, the contract “expires”, and the last ground rent is settled.   Leasehold property   You can’t make money from rented property. But in a leasehold property, a freeholder arranges a contract to the lessee to essentially own the property temporarily for a set amount of years. The lessee has the right to make improvements to the property as well as renting it to sub-tenants. Of course, not being the original owner of the land (and the property which sits on the land), the lessee will give up control and right of the property, once the contract expires.   There is also a caveat to this type of agreement. The contract does not expire before its due date, and therefore the freeholder must receive ground rent as long as the contract holds. You are entitled to “sell” a leasehold property at any time, and transfer the burden of the contract to another buyer. Be warned however, that the price for leasehold properties will depreciate over time, since fewer people are willing to buy homes on a short lease.   Considering the risks of owning a leasehold property, the benefits outweigh the cost. It is much cheaper to lease than to buy full ownership of a property. It relieves you of the long-term commitment, but you’d immediately receive steady cash flow from visitors. If you wish to browse through potential assets, go ahead and visit Bali Coconut Living. We are more than happy to guide you through the ins and outs of property management in Bali.  

There are many valid reasons to rent a property in Bali for extended periods of time. Maybe you and your family feel Bali has become a second home, or perhaps you visit the island regularly for work or leisure. Perhaps you’ve been very lucky and assigned to a startup project in Bali, and decided it’s a good idea to rent a house for an entire year. Whatever the reason, there is no shortage of property solutions for anyone looking for long term rentals in Bali.   One way to choose the right accommodation and feel perfectly at home, with no hidden costs or possible future legal problems, is to choose a good real estate agent to help you. If you are not careful, your money could go to the hands of a sleazy side-hustler who cares little about your needs. In principle, real estate agencies are 95% human-to-human interaction and 5% paperwork. The quality of the agent can influence how happy you feel about the accommodation you’ve chosen, sometimes far more than the location.   A good real estate agent makes you feel at ease They find ways to be in tune to smooth out the line of communication between you two. They want to understand your needs, really listen and give their fullest attention to the service. Look out for one who naturally does this. It’s easy for them because honesty, service and openness are their strongest core values.   Authentic confidence is a good sign It implies that the agent is convinced he or she is giving you all the information you need, with nothing important to hide. They’ll tell you upfront about any risks and possible problems with your accommodation. A good agent will not be afraid to provide you with referrals from past clients.   An agent has a reputation on the line Yes, there are dishonest agents that hide behind friendly smiles and false confidence, who possess psychological abilities to trick you into liking them, but trust your instincts. You will see the inconsistency and lies by omission, through the seemingly caring gestures. A reputable agent does not squander his or her chances of satisfying another client. They closely maintain their track record and their future successes depend heavily on their past performances.   All the best property agents that you find on the Internet in Bali have, with very high probability, a central office from which they operate and provide further customer service. But this doesn’t mean all agencies are perfect. A good agency can have poor agents, and vice versa. The trick is to first decide whether or not you like the property agent, and then see whether he or she has full support from their central agency. If yes, then you’ve found yourself a good agent that’s good value for your money and time. If not, figure out whether or not the agent is likely to help you in spite of this.   Whatever type of rental you’re looking for, Bali Coconut Living has you covered. We are a villa management firm that is committed to bringing the right villas to the right people. Stay a month or longer, in one of our reputable villas. Find the right accommodation here.

It can be very stressful when it comes to buying a house, as its one of the hardest decisions to make in life. The process of buying a home has the potential for bad decisions, resulting in undesirable circumstances. This also applies to buying a home in Bali. People say it's even more challenging to buy a house here than somewhere else, but that’s not entirely true. The horror stories you may have heard mostly occur because rules aren’t followed or there’s a misunderstanding around laws and regulations. Follow our guide to buying a house in Bali and make your experience more secure and memorable. Start your research It’s as easy as it sounds! Getting as much information as possible should be the first thing you do. There are plenty of ways to do this in Bali. There are adverts and classifieds found in local expatriate newspapers, and thousands of websites on Google. There are hundreds of groups on social media that are also an option, along with a choice of listings in real estate agents. Take notes This might sound easy, but people don’t usually take notes when they’re searching on Google. Writing things down and taking notes will make things crystal clear in the long term. You can compare areas and prices through your notes and they will give you a clear image of what you’re dealing with. Inspect the site Once you’ve gathered enough information, its time to go inspect. Using an agent at this stage is super helpful as they have direct contact with the vendors and will save you the trouble of trying to do it yourself. Planning the inspections in advance is also a good idea. Need to buy a property through an agent? Then Bali Coconut Living will happily assist you in choosing any villa or property in the popular towns of Bali. Contact us now and make Bali your home!

Besides being a favorite travel destination, Bali attracts foreigners to invest and buy property around the island. However, buying property in Umalas or any other part of Bali, is not always safe for foreigners. In this article, find out how to buy a villa safely. Foreign Bali Property Ownership There are two types of rights stated in the property regulations and real estate ownership in Indonesia. They are the “Right to Own” (Hak Milik) and the “Right to Build” (Hak Guna Bangunan). There are a lot of foreign investors in Bali who think an Indonesian citizen can act on their behalf to acquire the Hak Milik Certificate. Note that this is an extremely risky practice, as no matter how close you are with the nominee, they have the potential to overtake the property, leaving you, as a foreigner, with no protection for your investment. Buying a Bali property safely Owning a legal entity (PT PMA) and acquiring the ‘Right to Build’ license in Indonesia, is the only way foreigners can safely invest in property or buy land in Bali. This will protect your investment and give you plenty of time to enjoy your property, bequeath it to a family member, or even resell the Hak Pakai to a local. There are a few notes for foreigners to consider about Hak Pakai, including that The Hak Pakai can only be held if the land already has a building on it. It’s also worth noting the minimum value of the property and that it must be located in a tourist, residential, or trading area, as acquiring land in Bali agricultural or greenbelt zones are prohibited. The process of buying a Bali property will involve acquiring the Hak Pakai and submitting a packet of completed forms to the Indonesian National Land Office (BPN). These include relevant and supporting documents, proof of land payment, and the condition of Hak Pakai. Once these conditions are met and built with the right building permit (IMB), the BPN will issue a Hak Pakai under you or your company’s name. This is the correct way of purchasing a property in Bali, and things you should avoid as a foreigner. Contact Bali Coconut Living for more information on the best villas in Bali, and we’ll help you make a decision on buying a property in the safest & most secure way.

For those of you who have the freedom, its no doubt that Bali is an excellent idea for a long term stay! It serves you with a highly affordable lifestyle, great spicy food, and the kindest people you will meet. Bali has a large expat community in Canggu, Ubud and Uluwatu. If your priority is to live close to the beach for a sunset view, then Canggu should be your base, or if you want an afforable lifestyle adorned with pure Balinese culture and lifestyle, then Ubud should be your choice of stay. Getting a Local Sim Card The quickest option is to purchase a sim card directly in the airport, even though its a little pricy – it’s easy to register and will allwo you to immediately get online. Other options are getting them in major tourist towns such as Kuta, Canggu or Ubud. Telkomsel is the most popular data company, with the best signal in Bali as well as afforable data rates. If you don’t purchase your sim card at the airport the best option is to go directly to a Telkomsel outlet as you are required to register your sim card before activation in Indonesia. Getting A Scooter Getting your own mode of transportation is a must when it comes to a long term stay in Bali. If you have a bike license and are confident riding a scooter this is the most common mode of transportation on the island. Since scooters are the most effective way of transportation, there are many dealers on the island for purchase or rental. Food and Health Bali will spoil you with restaurants and cafes with a choice of local Balinese to western cuisines. If you get sick with the infamous ‘’Bali Belly’’ there are many excellent resources for a quick recovery, Drs who speak English and good health care facilities. Coworking Spaces Keep in mind that you might need a co-working space if you are planning to settle down in Bali, the island is becoming one of the main hubs in Asia for digital nomads. Make Bali your home! Contact Bali Coconut Living for long term villa rentals in Bali which offer you properties from the best and safest locations in the island to choose from.