Low price
Easy to find maids
Swimming pool
Illegal and could lose you all your money
The (almost) ideal dream villa .... but
Undang-Undang No.5 Tahun 1960 article 16 says it's illegal for foreigners to own property in Indonesia, that being regardless of the number of scammers and con men out to sell you a little bit of paradise.
I've just been reading a couple of nice stories about how Australians are buying up Bali property, in fairness with a minor mention of how illegal this is, but without the slightest mention of the scammers out to rip you off and the fact the buyer is going to lose the lot without compensation if the government finds out.
The same applies to the illegal nominee schemes, the the scam where you use a schemer to buy the property in their name and hope they don't sell it out from under you because you can't go to the cops and report the theft of your illegally held property that's in their name anyway.
Don't look at these stories and get taken in - they're seeding thoughts of illegal activity and general stupidity that could well lose you a lot of cash without a hope of a penny returned to you.
http://www.balidiscovery.com/messages/m … p?Id=11646
(3/15/2015) The Minister of Agrarian Affairs who is also the head of the National Land Agency (BPN), Ferry Mursyidan Baldan, told Kompas.com that his office will soon survey and inventorying land “owned” by foreigners in Indonesia.
“It is absolutely not allowed for foreigner to own a single inch of land in Indonesia. This is as stipulated by the National Constitution,”
The newer law, 103/2015, allows a very long term lease with conditions but that isn't ownership so be very careful who you believe when they try to sell you a villa.
Basically, no matter how glossy the mag you see the advert in, foreigners trying to buy property in Indonesia are on very dodgy ground so watch out and run like hell if some schemer offers you a scheme.