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Reviewing the Real Estate Regulation in Indonesia

The sun, sceneries, and culture are among those that attract millions of people to discover Indonesia. Whether it is for holidays, employment, long-term residency, Indonesia is always among the first countries to be discovered. So many foreigners are eager to know, is it really possible to own a piece of land in Indonesia? Would it be possible for foreigners to search for an Indonesia real estate for sale? Let’s discover by reading the rest of this article.

The real estate Law of Indonesia is under the Agrarian Law of the country. There is a specific policy that is clearly stipulated in that law. The ownership or having the right purchase of property in Indonesia is an exclusive right that Indonesian citizens have. However, it is possible to build a property but the ownership must remain of an Indonesian citizen. This simply means that foreigners are stripped off the right to find an Indonesia property for sale.

On the other hand, foreigners have the right to use properties. This is still explained in the Agrarian law of the country. This is also the same as the ‘Right to Rent’. Foreigners are allowed to rent for as long as they also follow the standard leasing agreement.

Although it is prohibited to actually purchase an Indonesia real estate for sale, when it comes to foreign investment, there is no limitation. This is specifically discussed in the Presidential Regulation of the Republic of Indonesia Number 77 of 2007. Another right that foreigners may have is also discussed under the ‘Law of Condominium’. In this law, foreigners can become owners since it is not considered a personal ownership but a common ownership. The developer of the strata or the condominium reserves his full rights to divide the property even before the production of the titles.

Maybe owning a land in this country seems difficult. On the other hand, it should not hinder people from different parts of the world to keep discovering the country. For those who wish to stay in Indonesia for employment, renting is of course legal and a viable option. For those who may wish to stay there longer, the Strata Law can be reviewed. Business can also be a good option if it is considered almost impossible to get hold of an Indonesia property for sale. There are hundreds of ideas we can do to appreciate this south East Asian gem.

About Author Chris C Ducker :

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Article Added on Saturday, May 28, 2011
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