Investing in Lombok real estate offers great rewards but can come with unique challenges for international buyers. To help you make a sound investment, here are 6 common mistakes that foreign investors make—and how you can steer clear of them:
Overlooking Location Value: Price isn’t everything. The location of a property significantly impacts rental potential and future value.
Skipping Legal Requirements: Overlooking essential legal documents can cause serious ownership issues and future expenses.
Not Conducting Due Diligence: Failing to thoroughly research the property might mean buying restricted land or dealing with unauthorized sellers.
Underestimating Additional Costs: Taxes, upkeep, and various fees can add up. Plan for these to avoid unexpected financial pressure.
Misinterpreting Ownership Rights: Familiarize yourself with the rules. Relying on a nominee system for property ownership is risky and may leave you without secure ownership rights. Creating a PT PMA for freehold ownership is one of the most secure way to own real estate in Indonesia
