Buying property in Indonesia

Christine wrote:

Hi,

can a foreigner buy property in Indonesia?

Privately, Not legally.
But...If you're married to an Indonesian, and have a prenup stating all property is in the name of your spouse, you can.

Christine wrote:

If so, is it complicated? What is the process of purchasing a property in Indonesia?

The simple way, and common in villages, is to have a simple letter stating you have bought the land. It's a receipt with a stamp called a "materai" to legalise it.



Using a lawyer would be better but that's not always the case here.

Christine wrote:

Any tips for buying property, such as a check-list of items to verify ?

All houses in Indonesia must have two things:
A building permit
A green book saying who the owner is.

If the seller can't produce both, you could be in trouble.
When you buy, keep both in a very safe place. Safety deposit box would be good. In effect, whoever has that book, has the house and can sell it.

There are a lot of agents out there who sell property to foreigners. Be very careful.
Most use a scheme that leaves the property in the name of an Indonesian national but it's dodgy at best. Easy to lose a lot of cash with pretty much no chance of getting it back.

Thanks for your help mas fred

Armand

Halo everyone

Halo, mas Fred..

What happens if I don't have a prenup? Can we do it long after the wedding?
What happens if we buy a property but we don't have a prenup?

Thx in advance...

BeLare wrote:

Halo everyone

Halo, mas Fred..

What happens if I don't have a prenup? Can we do it long after the wedding?
What happens if we buy a property but we don't have a prenup?

Thx in advance...

You can't get a prenup after marriage. Has to be done PRE marriage.
Of course this is Indonesia and you may well find a bent lawyer, willing to backdate a document.
I wouldn't suggest it but I've every confidence it's possible.

I'm told this has never happened but that may be wrong.
It's illegal for a foreigner to own land in Indonesia.
All property in marriage is owned 50/50.
The land could be taken from you without compensation.

Follow with the new rules is allowed to buy property in Indonesia but after you use its and you decide to back to Indonesia you only can sell to Indonesian Citizen Only

frendyhoras wrote:

Follow with the new rules is allowed to buy property in Indonesia but after you use its and you decide to back to Indonesia you only can sell to Indonesian Citizen Only

I understand this may be correct BUT, the new law is yet to be enforced.
I'm unsure who will be able to buy but it may only be those covered by the new law. eg - People married to an Indonesian for more than two years.

This must be checked as I'm unsure.;