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Buying in Indonesia

RHemmings
RHemmings Posts: 3,464 Forumite
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I understand this is a very long-shot, but does anyone have experience of buying a house in Indonesia? I wasn't going to post this here, but saw the 'Buying in Hungary' thread, so decided that I would. Just in case. 

Note that I would not be using the 25-year but extendable to 80 years leasehold method to buy as a foreigner. The house will be in my (Indonesian) wife's name.

I note the single answer to the Buying in Hungary thread, but I still think it's worth asking just in case there's anyone with experience. 
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  • annabanana82
    annabanana82 Posts: 3,014 Forumite
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    Doesn't your Indonesian wife have some relevant points of contact to ask
    Make £2023 in 2023 (#36) £3479.30/£2023

    Make £2024 in 2024...
  • RHemmings
    RHemmings Posts: 3,464 Forumite
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    edited 1 March at 9:39AM
    Doesn't your Indonesian wife have some relevant points of contact to ask
    Yes, but not from the point of view of a foreign (to Indonesia) person. She had no idea about the requirements for foreign owners, that a pre-nup is required to make sure that the property doesn't pass to me or get shared in a divorce, etc. Neither did her friends and family. 

    It often enough happens that Indonesian Estate Agents will mis-advise potential purchasers and suggest methods of purchase which are illegal, and there have been cases of foreign 'owners' losing their property with no compensation due to this. Clearly I need to interact with Estate Agents, but I need to know what is what. 
  • RHemmings
    RHemmings Posts: 3,464 Forumite
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    RHemmings said:
    I understand this is a very long-shot, but does anyone have experience of buying a house in Indonesia? I wasn't going to post this here, but saw the 'Buying in Hungary' thread, so decided that I would. Just in case. 

    Note that I would not be using the 25-year but extendable to 80 years leasehold method to buy as a foreigner


    The house will be in my (Indonesian) wife's name.

    I note the single answer to the Buying in Hungary thread, but I still think it's worth asking just in case there's anyone with experience. 
    Relationships never fail, obviously: Couples never break up.

    Artful: Now on his 3rd marriage....
    Yes, if we break up she gets the house. This is not a problem. Just in the process of preparing a lump sum final pay-off for my ex-partner even though we weren't married and I have no legal requirement to do so. I've been around the block a bit. 

    My budget for the Indonesian house is £50k. I can afford this. 
  • TripleH
    TripleH Posts: 3,018 Forumite
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    RHemmings said:
    I understand this is a very long-shot, but does anyone have experience of buying a house in Indonesia? I wasn't going to post this here, but saw the 'Buying in Hungary' thread, so decided that I would. Just in case. 

    Note that I would not be using the 25-year but extendable to 80 years leasehold method to buy as a foreigner


    The house will be in my (Indonesian) wife's name.

    I note the single answer to the Buying in Hungary thread, but I still think it's worth asking just in case there's anyone with experience. 
    Relationships never fail, obviously: Couples never break up.

    Artful: Now on his 3rd marriage....
    Practice makes perfect Artful.

    What would your domicile status be?
    That might have an impact as well.
    I'm thinking more of countries like New Zealand who have rules on who can buy property.

    May you find your sister soon Helli.
    Sleep well.
  • RHemmings
    RHemmings Posts: 3,464 Forumite
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    TripleH said:
    RHemmings said:
    I understand this is a very long-shot, but does anyone have experience of buying a house in Indonesia? I wasn't going to post this here, but saw the 'Buying in Hungary' thread, so decided that I would. Just in case. 

    Note that I would not be using the 25-year but extendable to 80 years leasehold method to buy as a foreigner


    The house will be in my (Indonesian) wife's name.

    I note the single answer to the Buying in Hungary thread, but I still think it's worth asking just in case there's anyone with experience. 
    Relationships never fail, obviously: Couples never break up.

    Artful: Now on his 3rd marriage....
    Practice makes perfect Artful.

    What would your domicile status be?
    That might have an impact as well.
    I'm thinking more of countries like New Zealand who have rules on who can buy property.

    Complicated. She wants for me to retire to Bali, Indonesia. But, I don't think that will affect us as the property will be in her name and actually buying one should be easy. Me being able to live there should not be a problem, and as a spouse I will benefit from her ex-civil-servant health cover. 

    I'd like to hear if anyone has experience of, e.g., ensuring that a property they buy is safe. As I've read some things online that suggest basic (e.g. electricity) safety. I don't know how accurate reports I have seen are, but I have seen some concerning opinions. 

    Interesting that you mention New Zealand, as that's another option we have for retirement, as I am a NZ citizen too. But, I was born and grew up in Auckland and no way would I even consider paying Auckland prices for somewhere to live. 
  • lincroft1710
    lincroft1710 Posts: 17,600 Forumite
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    I've heard Auckland prices are horrendous, but what about other parts of North Island. I don't know which I would choose, NZ or Bali. Bali is beautiful and warm and I love the cuisine.
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • RHemmings
    RHemmings Posts: 3,464 Forumite
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    I've heard Auckland prices are horrendous, but what about other parts of North Island. I don't know which I would choose, NZ or Bali. Bali is beautiful and warm and I love the cuisine.
    UK is in the mix too. 

    If I went back to New Zealand, I think it would most likely be to Hamilton. Similar-ish to how Leicester compares to London. Reasonable distance for visits, but lower house prices. 

    https://www.google.com/maps/place/Hamilton,+New+Zealand/@-37.7776565,175.1658167,12z/data=!3m1!4b1!4m6!3m5!1s0x6d6d227487a63621:0x500ef6143a29903!8m2!3d-37.7825893!4d175.2527624!16zL20vMGx3X3M?entry=ttu
  • jimbog
    jimbog Posts: 2,110 Forumite
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    I've heard Auckland prices are horrendous, but what about other parts of North Island. I don't know which I would choose, NZ or Bali. Bali is beautiful and warm and I love the cuisine.
    Bali is overrated. Lombok is worth a look

    Gather ye rosebuds while ye may
  • lincroft1710
    lincroft1710 Posts: 17,600 Forumite
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    jimbog said:
    I've heard Auckland prices are horrendous, but what about other parts of North Island. I don't know which I would choose, NZ or Bali. Bali is beautiful and warm and I love the cuisine.
    Bali is overrated. Lombok is worth a look

    I would disagree Bali is overrated, but would agree Lombok is probably worth a look
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
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