Can a foreigner own a Bali villas for sale?

Foreigners often dream of buying property in Bali, as the island is a popular holiday destination. But is it realistic for them to make a purchase of land or property on another Bali villas for sale? The answer depends on how the foreigner plans to use the property and where it is located. In Indonesia, renting a property is the easiest and most efficient way for foreigners to live in Bali. As a rule, the lease agreement is concluded for one year and can be extended up to 5 years. In fact, many overseas visitors are accustomed to renting property for extended stays in Bali. If a foreign person plans to purchase real estate for construction, he must apply to the owners of the land in order to obtain the right to own the plot. A foreign person can acquire land through purchase, but this requires special permit documentation from the Indonesian government. There are no restrictions in Indonesian laws on the purchase or lease of land by foreigners, but in order to purchase land for construction, a foreigner needs a special document, it is necessary to submit an application and prove that he has the necessary funds to build a building. You also need to prove that the property will be used to attract investment in the Indonesian economy. In conclusion, we can say that foreigners can purchase and use real estate in Bali, but this requires getting confused by documentary procedures and acquiring the right to own the plot. Indonesian laws make this process difficult, but not impossible. Therefore, a foreigner can purchase a villa in Bali if he is ready to prove that he has sufficient funds and permits.