Indonesian Real Estate: Asias Beverly Hills

Much is to be discovered in South East Asia and that includes the tropical archipelago

, the Republic of Indonesia. Compressed of almost 14,000 islands, this multiracial, multilayered community is one of a kind. Accompanied by its vast flora and fauna, its serenity can be compared to none. But dont let its nature strong suit fool you for Indonesia is currently undergoing a booming economy.

Many concluded that last years FDI drop was due to global recession and that the economy was on a downward spiral. They were wrong because in between January and September this year, the FDI experienced a 16% hike. With Mother Natures blessing and a steady economy, Indonesian real estate has caught international attention.

Whether youre purchasing property as an investment plan or you see it as potential home, Indonesian real estate will soon flourish making your expenditure worthwhile. Unfortunately, the Indonesia Agrarian Law states that foreigners are not permitted to purchase properties. The land and all that rests on it can only be bought by an Indonesian citizen. Worry not, due to recent changes in regulations; there are still several methods on how you can own property there.

The first way would be to lease the unit and leasing in restricted to apartment building and units that arent grounded. A foreigner may own a lease up to seventy year but is required to renew it every 25 years. Many wont be too happy with this idea because of the lease concept or not having a ground unit. Another method would be to purchase a unit whether ground or not via a close friend who is an Indonesian. Be sure that you can trust this person dearly and once youve signed an agreement that is witnessed by a first degree officer, youll be known as the rightful owner whilst your partner will be the legal owner.

Indonesia has a land area of 1,919,440 km2 and finding a suitable area to purchase Indonesian real estate might be tough. Play it smart and purchase property nearby tourist destination and areas with high population. I would advise you to look into places like Denpasar in Bali, Medan in North Sumatra, Central Jakarta in DKI Jakarta and finally Bandung in West Java. All these places have already gone through modernisation or currently undergoing in and in a few years, land will double its price.

Indonesia is a rising Third World country that has plenty of potential and resources. Lets help the countrys economy and gain more from it, a win win for everybody.

by: VanessaJean

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