FREQUENTLY ASKED QUESTIONS
Welcome to Flores Indo Property's FAQ page. We understand that buying property in Labuan Bajo, Indonesia can be a complex process and you may have many questions. We've compiled a list of frequently asked questions to help you better understand the process and the services we offer.
Can foreigners own property in Labuan Bajo, Indonesia?
As a general rule, foreigners are not allowed to own land in Indonesia. However, there are some exceptions to this rule. Foreigners can own land in Indonesia through a mechanism known as a “Hak Pakai” (Right to Use), which is a type of long-term leasehold ownership. Under a Hak Pakai, a foreigner can use and occupy the land for a specified period of time, typically for 25 or 30 years, with the possibility of renewing the lease. Foreigners can also own land through a mechanism known as “Hak Guna Bangunan” (Right to Build), which allows a foreigner to own a building on the land, but not the land itself.
What types of properties do you have available?
At the moment we only have land for sale located at some prime locations i.e. absolute beach front or with ocean view.
How do I schedule a viewing of a property?
You can easily schedule a viewing of a property by sending us an email or a whatsapp message. Our team will then contact you to confirm the viewing schedule details.
How does the buying process work?
The buying process typically involves conducting due diligence on the land and its ownership, negotiating the purchase price and terms, signing a purchase agreement, obtaining the necessary approvals, and completing the transfer of ownership. Our team will guide you through each step of the process and ensure that everything is done according to the local laws and regulations.
What is the cost of buying a property in Labuan Bajo?
The cost of buying a property in Labuan Bajo will vary depending on the property itself and the location. Other costs include legal fees, taxes and administrative fees, which can be discussed with our team during the buying process.
What is the typical time frame for buying a property in Labuan Bajo?
The time frame for buying a property in Labuan Bajo can vary depending on the property itself and the complexity of the transaction. Our team will work with you to understand your specific needs and provide an estimated time frame. Typically, it can take anywhere from a few weeks to a few months to complete the buying process, depending on the circumstances.
Can I get a mortgage to buy a property in Labuan Bajo?
It is possible to obtain a mortgage to buy a property in Labuan Bajo, but the availability and terms of mortgages can vary. We recommend consulting with a local financial institution to understand the options available to you.
Can you help me with the legal process of buying a property in Labuan Bajo?
Yes, we have a dedicated legal consultant team that can assist you with the legal process of buying a property in Labuan Bajo. We work closely with local notaries and government authorities to ensure that all legal documentation is properly processed and that the transfer of ownership is completed according to the local laws and regulations.
What happens after I purchase a property?
After you purchase a property, our team will assist you with obtaining the necessary approvals and completing the transfer of ownership. We will also provide you with information on how to register your property and pay any applicable taxes or fees.
Can I rent out my property in Labuan Bajo?
Yes, you can rent out your property in Labuan Bajo, but it’s important to note that there may be certain regulations and requirements.
