Buying in Indonesia

RHemmings

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. 

strawb_shortcake

Doesn't your Indonesian wife have some relevant points of contact to ask

RHemmings

annabanana82 said:

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. 

theartfullodger

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....

RHemmings

theartfullodger 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....

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

theartfullodger 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.

RHemmings

TripleH said:

theartfullodger 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

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.

RHemmings

lincroft1710 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.

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

lincroft1710 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

lincroft1710

jimbog said:

lincroft1710 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