European vs. Balinese Real Estate

Welcome to our detailed guide comparing European and Balinese real estate. This comparison aims to provide valuable insights for investors and homebuyers considering properties in these regions. We will explore the intricacies of each market, focusing on their unique characteristics. Market Trends European Real Estate: The European real estate market is characterized by its diversity, with a rich blend of historical and modern properties. Regions like Southern Europe attract buyers with their sunny climates and relaxed lifestyle, while Northern Europe is known for its innovative and sustainable living solutions. Balinese Real Estate: Bali’s market is driven by its status as a top tourist destination. The island’s real estate has seen a surge in demand, especially for properties offering a blend of traditional Balinese aesthetics and modern luxuries. This demand has led to significant growth in property values. Investment Opportunities European Real Estate: Europe offers a stable investment environment with opportunities ranging from high-end properties in major cities to affordable options in emerging economies. Investors can find long-term value in both residential and commercial sectors. Balinese Real Estate: Bali presents lucrative opportunities, particularly in the hospitality industry. The market can be volatile, but with high potential returns, especially in areas popular with tourists. Legalities and Ownership European Real Estate: The legal framework in Europe is generally straightforward, but it varies by country. In most European countries, foreigners can own property outright. Balinese Real Estate: Bali has stricter laws for foreign property ownership, typically involving leasehold arrangements or partnerships with local entities. Navigating these laws is crucial for a successful investment. Cultural Influences on Architecture European Real Estate: European architecture is a tapestry of historical and modern styles. From the classic designs of Parisian apartments to the sleek, minimalist Scandinavian homes, each region offers something unique. Balinese Real Estate: Balinese architecture is deeply rooted in the island’s cultural heritage, emphasizing harmony with nature. Traditional Balinese homes and villas often feature open-air designs, natural materials, and intricate craftsmanship. Conclusion In summary, both European and Balinese real estate markets offer unique and valuable opportunities for investors and homebuyers. While Europe provides stability and diversity, Bali offers high growth potential and a distinctive cultural appeal. Your choice should align with your investment goals, lifestyle preferences, and legal considerations. For more information or to seek professional advice on investing in Balinese real estate, please contact us.

Bali Vastgoed

Investeer in uw toekomst op het paradijselijke eiland Bali Een investering in Bali vastgoed levert een hoger rendement op dan vastgoedinvesteringen in veel andere landen. Bali Vastgoed: Een Lucratieve Investeringsmogelijkheid Als u op deze pagina terecht bent gekomen, denkt u waarschijnlijk al na over het maken van een investering in Bali vastgoed. Mogelijk hebt u van anderen gehoord over het hoge rendement dat behaald kan worden met het investeren in vastgoed op Bali. Aan de andere kant, bent u misschien aan het onderzoeken welke andere mogelijkheden er zijn voor vastgoedinvesteringen buiten Nederland. Waarom Investeren in Bali Vastgoed? Eerst en vooral, Bali biedt u talloze mogelijkheden om een lucratieve investering te maken. Dankzij het bruisende toerisme is Bali een van de populairste vakantiebestemmingen ter wereld. Dit maakt het verhuren van accommodaties een zeer aantrekkelijke optie. U kunt bijvoorbeeld denken aan het verhuren van villa’s of appartementen via platforms zoals Airbnb voor de korte termijn. Wat kunt u verwachten van uw investering? Wanneer u investeert in Bali vastgoed, kunt u een gemiddeld rendement van 15% tot 20% verwachten, en soms zelfs meer. Bovendien, dit rendement is afhankelijk van het type vastgoed dat u aanschaft. Het is belangrijk om op te merken dat het verhuren van villa’s over het algemeen winstgevender is dan het verhuren van appartementen. Uw Investering Op Maat Als u overweegt om te investeren in Bali, dan bent u bij ons aan het juiste adres. Ons team van ervaren professionals kan u adviseren over de beste opties voor uw investering. Hierbij houden we rekening met zowel uw korte- als langetermijndoelen, alsmede uw persoonlijke situatie. Vervolgens kijken we samen of uw plannen en wensen realistisch en haalbaar zijn. Voordelen van Investeren in Bali Vastgoed Er zijn talloze redenen waarom u zou moeten kiezen voor investeren in Bali: Toerisme: Bali trekt jaarlijks miljoenen toeristen van over de hele wereld aan. Dit betekent dat er altijd vraag zal zijn naar huuraccommodaties, hetzij voor korte termijn of lange termijn verhuur. Locatie: Bali staat bekend om zijn prachtige stranden, indrukwekkende cultuur en vriendelijke mensen. Dit biedt een unieke levensstijl die velen aantrekkelijk vinden. Hierdoor is het een populaire bestemming voor zowel toeristen als expats. Groeiende economie: De economie van Bali groeit gestaag. Dit komt mede dankzij het toenemende toerisme en de groeiende expatgemeenschap. Dit betekent dat er volop kansen zijn voor investeerders om te profiteren van de bloeiende vastgoedmarkt. Ruime keuze: Bali heeft een breed scala aan vastgoedopties. Van luxe villa’s met privézwembaden tot gezellige appartementen in het hart van de stad. Wat uw budget of voorkeur ook is, er is altijd wel iets dat aan uw wensen voldoet. Investeer Vandaag Nog in Bali Vastgoed Investeer vandaag nog in Bali vastgoed en profiteer van de talloze voordelen die het eiland te bieden heeft. Neem contact met ons op voor meer informatie of om een afspraak te maken met een van onze vastgoedexperts. Wij staan klaar om u te helpen bij het vinden van uw droominvestering op Bali.

FAQ’s

What makes the Bali real estate market more interesting than the Dutch one? The real estate market in Bali offers various advantages compared to the Dutch market: 1. Climate and Location: Bali’s tropical climate and beautiful beaches make it an ideal location for vacation homes and tourist rentals. 2. Price: Generally, real estate prices in Bali are lower than in the Netherlands, making it an attractive option for investors. 3. Growth Potential: With a growing economy and increasing demand for real estate, Bali offers opportunities for appreciation of investments. 4. Rental Opportunities: The high demand for vacation homes and rental accommodations in Bali can provide a high yield for investors. 5. Yield on Investment: The high demand for vacation rentals can result in higher yields on real estate investments in Bali, compared to the Netherlands where high property prices and taxes can limit yields. Can foreigners own property in Indonesia (Bali)? Yes, foreigners can buy property in Bali under a ‘Right to Use’ (Hak Pakai) title or lease landed properties. And foreigners can establish a foreign-owned company (PMA) in Indonesia and purchase the property through the company. Which regions in Bali are the best for property investment? When starting a property investment in Bali, location is a key factor to consider. Here are some locations in Bali that you can consider for property investment and their target market profiles: Canggu: Target market: digital nomads, foreign tourists, and lovers of hippie/Ibiza culture. Property options: villas with several rooms or guesthouse concept. Rental price range: IDR 10-15 million/month per room. Advantages: foreign market, high occupancy. Disadvantages: expensive land, many foreign developers, and already dense area. Seminyak: Target market: foreign tourists, local tourists, and upper-middle class. Land price range: IDR 1.5-1.8 billion/are for small land and IDR 1 billion/are for large land. Advantages: strategic location and luxury market. Disadvantages: more expensive land. Uluwatu: Target market: international, surfers, and those seeking tranquility. Land price range: IDR 350 million-600 million/are. Advantages: potential growth and significant land price increase. Disadvantages: water issues and still-developing land. Ubud: Target market: locals and foreigners seeking tranquility and nature. Land price range: varies, more expensive in central Ubud. Advantages: stable market and likes boutique villa concept. Disadvantages: high cost of living and limited nightlife. Kintamani: Target market: locals. Land rental price range: IDR 2.5-3 million/are/year. Advantages: always busy and potential for viral glamping or resort business. Disadvantages: customary land and transactions based on customary law. What are the taxes that need to be paid when purchasing property in Indonesia (Bali)? When purchasing property in Bali, Indonesia, there are several taxes and fees that need to be paid, including: Land and Building Acquisition Duty (BPHTB): This is a tax imposed on the acquisition of land and building rights, usually calculated as a percentage of the transaction value or the official land and building value, whichever is higher. Income Tax (PPh) on Property Sales: This is a tax imposed on the seller for the income gained from the property sale. However, it is common practice in Indonesia for this tax to be borne by the buyer. Notary Fee: This is a fee paid to the notary for the preparation of the sale and purchase agreement and other legal documents. Land and Building Tax (PBB): This is an annual tax imposed on the owner of the land and building, calculated based on the official land and building value. Transfer Fee: This is a fee for the transfer of land and building rights from the seller to the buyer. Registration Fee: This is a fee paid to the land office for the registration of the land and building rights transfer. What taxes need to be paid when renting out property in Indonesia (Bali)? When renting out a property in Bali, Indonesia, the property owner is typically subject to the following taxes: Income Tax (PPh): This tax is levied on the rental income received by the property owner. The rate can vary depending on whether the owner is an individual or a corporate entity, and whether they are a resident or non-resident taxpayer. Value Added Tax (VAT): If the property owner is a VAT-registered entity, they may be required to charge VAT on the rental income and remit it to the tax authorities. Land and Building Tax (PBB): This is an annual tax imposed on property owners based on the value of the land and building. Tourism Tax: If the property is rented out on a short-term basis (such as a vacation rental), the owner may be required to collect and remit tourism tax. What is the income tax rate for foreigners who do not reside in Indonesia? The income tax rate for foreigners who do not reside in Indonesia, also known as non-resident taxpayers, is generally 20% of the taxable income. However, this rate may vary depending on the type of income and whether there is a tax treaty between Indonesia and the foreigner’s country of residence that provides for a different rate. What is the income tax rate for Indonesian residents living in Indonesia? The income tax rate for Indonesian residents living in Indonesia is progressive and is determined based on the individual’s annual taxable income. The rates are as follows: Up to IDR 60,000,000: 5% IDR 60,000,001 to IDR 250,000,000: 15% IDR 250,000,001 to IDR 500,000,000: 25% IDR 500,000,001 to IDR 5,000,000,000: 30% Over IDR 5,000,000,000: 35% What services do we provide as a villa management company to villa owners in Bali? Our villa management company in Bali provides a comprehensive range of services to villa owners: Property Maintenance and Repair: We handle all aspects of property maintenance, including cleaning, landscaping, and repairs, ensuring your villa remains in top condition. Marketing and Advertising: We market your villa to potential renters through various channels such as online platforms, social media, and travel agencies, maximizing your property’s visibility. Booking and Reservations: We manage all bookings and reservations, handling inquiries, processing payments, and efficiently managing the rental calendar. Guest Services: Our team provides excellent …

KPT (Kredit Pemilikan Tanah)

KPT (Kredit Pemilikan Tanah) is a type of loan provided by financial institutions in Indonesia to individuals who want to purchase land. The purpose of this loan is to help people fulfill their dream of owning land, which is considered a valuable asset in Indonesia. In Indonesia, buying land can be quite expensive, so a KPT loan provides an opportunity for people to obtain the land they want by paying in installments over a period of time, typically 5 to 20 years. The loan amount depends on the value of the land and the borrower’s ability to repay. The requirements for obtaining a KPT loan in Indonesia are generally straightforward and include proof of income, a clear title to the land, and a government-issued ID. In addition, the loan is typically secured by the land being purchased, meaning that the financial institution has a claim on the property if the borrower defaults on the loan. One of the benefits of a KPT loan is that the interest rate is usually lower compared to other types of loans, such as personal loans or credit card loans. This is because the loan is secured by the land, which reduces the risk for the financial institution. In conclusion, the KPT loan is a valuable option for individuals who want to purchase land in Indonesia but may not have the funds to do so upfront. With the help of this loan, people can purchase their dream land and pay for it in installments over time, making land ownership more accessible and attainable. In Indonesia, several banks provide KPT (Kredit Pemilikan Tanah) loans, including: Bank BRI (Bank Rakyat Indonesia) Bank BCA (Bank Central Asia) Bank Mandiri Bank BTN (Bank Tabungan Negara) Bank BNI (Bank Negara Indonesia) Bank CIMB Niaga Bank Danamon Bank Panin Bank OCBC NISP Also read : European vs. Balinese Real Estate These are some of the largest and most well-established banks in Indonesia, and they have a long history of providing various types of loans, including KPT loans. When choosing a bank for a KPT loan, it’s important to compare the interest rates, repayment terms, and other conditions offered by each bank to find the best option for your needs. You can also seek advice from a financial advisor or consult with the bank directly to learn more about the loan process and requirements.

Bank product review: Global Wallet OCBC NISP

Global Wallet is a feature offered by OCBC NISP, a leading financial institution in Indonesia. The feature allows customers to hold multiple foreign currencies in a single account, making it convenient for them to make transactions and manage their money while traveling abroad. The account can be opened in various currencies such as USD, EUR, JPY, SGD, and AUD. The feature also allows customers to make real-time foreign currency transactions, including online purchases, without the need to exchange currencies first.  The Global Wallet feature from OCBC NISP is a valuable tool for businesses operating in multiple countries, such as Indonesia and The Netherlands. The feature allows businesses to hold multiple foreign currencies in a single account, making it easy for them to manage their finances and make transactions in different countries. For businesses operating in Indonesia, the Global Wallet account can be opened in Indonesian Rupiah (IDR) and used to make transactions within the country. The account can also be used to hold other currencies such as US Dollar, Euro, Japanese Yen, Singapore Dollar, and Australian Dollar. This feature allows businesses to easily manage their foreign currency transactions and avoid the need to exchange currencies first. Additionally, OCBC NISP offers a Global Wallet debit card, which can be used by businesses to withdraw funds from ATMs or make purchases at merchants worldwide. This feature allows businesses to easily access their funds while traveling or making transactions in different countries. There are several advantages of using the Global Wallet feature offered by OCBC NISP, including: Convenience: The feature allows customers to hold multiple foreign currencies in a single account, making it easy for them to manage their money while traveling abroad. Real-time foreign currency transactions: The feature allows customers to make real-time foreign currency transactions, including online purchases, without the need to exchange currencies first. Wide acceptance: OCBC NISP Global Wallet debit card can be used to withdraw funds from ATMs or make purchases at merchants worldwide. Security: OCBC NISP offers high level security to protect customer’s money and information. Competitive exchange rates: OCBC NISP offers competitive exchange rates for foreign currency transactions, which can help customers save money. 24/7 customer service: OCBC NISP provides 24/7 customer service, which is available to help with any questions or issues that may arise. Overall, the Global Wallet feature from Bank Nisp is a valuable tool for businesses operating in multiple countries with different currencies, such as Indonesia and The Netherlands. It offers convenience, security, competitive exchange rates and 24/7 customer service support.

Multi currencies account

When earning money in Indonesia in Rupiah and sending it to the Netherlands in Euro, there are a few options to consider for managing the different currencies: Use a multi-currency bank account: Many banks, such as Bank Nisp, offer multi-currency bank accounts that allow you to hold multiple currencies in a single account. This can make it easy to manage your money and make transactions in different currencies. Use a foreign exchange service: You can use a foreign exchange service to convert your Rupiah to Euro before sending it to the Netherlands. These services typically offer competitive exchange rates, but they may also charge fees for the transaction. Use a money transfer service: There are many online money transfer services available that allow you to send money to the Netherlands in Euro. They may offer competitive exchange rates and low fees. Use a global wallet card: You can use a Global Wallet card from Bank Nisp which can be used to withdraw funds from ATMs or make purchases in Euro at merchants worldwide.

Permits and licenses for new house

Obtaining the necessary permits and licenses is an important step in the process of building a new house in Indonesia. The specific permits and licenses required will vary depending on the location, type of property, and other factors. However, some of the most commonly required permits and licenses include: Persetujuan Bagunan Gedung (PBG) : This permit is issued by the government to the owner of a building or his representative to start construction, renovate, maintain or change the building as planned. Sertifikat Laik Fungsi (SLF) : proof that a building has been tested for reliability. Having an SLF means that a building has been recognized and is expected to provide a sense of security and comfort to its users. Environmental Permit (AMDAL): This permit is required for all construction projects that may have a significant impact on the environment. It must be obtained from the local government and verifies that the construction project will not cause significant harm to the environment. Land Use Permit (Izin Penggunaan Tanah): This permit is required to confirm the legal status of the land and verifies that the land can be used for the proposed construction project. It must be obtained from the local government. Building Construction Service Business License (SIUP-KB): This license is required for the contractor to perform construction activities legally. It must be obtained from the Ministry of Public Works and Housing. Tax ID (NPWP) and Business License (TDP): These documents are required for the legal entity behind the construction project to be recognized as a legal entity by the government.

Area around Jakarta for property investment

The area around Jakarta offers many opportunities for property investment and development. One of the most promising areas nearby Jakarta is the city of Bogor. Known as the “City of Rain” Bogor is a popular tourist destination and a hub for business and education. It offers a wide range of properties, from affordable apartments to luxury villas, and has a growing population, making it a great location for rental properties. Another area to consider is Tangerang, which is a rapidly growing city with a diverse range of property options. It offers a great potential for property investment, especially in the area of commercial properties, as Tangerang is home to many business and industrial centers. Bekasi is another area that offers good opportunities for property investment, especially for those looking to invest in residential properties. It’s a rapidly growing city with a young and growing population, making it a great location for rental properties. With a growing economy and population, these areas around Jakarta offer many opportunities for property investment and development. From affordable apartments to luxury villas, these areas have something to offer for every investor. Trust us to help you find the perfect property in these areas and achieve your investment goals.

Most popular types of property investments in Indonesia

Indonesia offers a variety of property investment opportunities for investors looking to capitalize on the country’s growing economy and expanding urban population. Some of the most popular types of property investments in Indonesia include: Residential properties: As more and more people move to urban areas in Indonesia, the demand for housing has increased. This makes investing in apartments and houses a popular and profitable option. Commercial properties: Office buildings and shopping centers can be good investments in areas with strong economic growth. This type of property investment can generate a steady income through rent. Tourism properties: Properties located in tourist destinations such as Bali, are also a great investment opportunity. This is because tourism is a major contributor to the Indonesian economy. Industrial properties: The growth of manufacturing industry in Indonesia creates a big demand for industrial properties. This type of property can be a great investment for long-term gains.  Investing in property in Indonesia can be a great way to capitalize on the country’s growing economy and expanding urban population. With a variety of options available, from residential to tourism properties, there’s something for every investor.