Property & Real Estate for sale in Indonesia

Indonesia is the world’s 14th largest country by land area at 1,904,569 square kilometers and the world’s 4th most populous country with a population of over 267 million people. Over 10 million of the country’s population live in its capital, Jakarta, making it the most populous city in the country. Jakarta is Indonesia’s cultural, economic, and political center. It is the melting pot of the country’s diverse culture since thousands of people from all around the country relocate and work here. The city can be very chaotic at times, but it does have plenty to offer visitors. Some of the most famous attractions are Monas (the National Monument), Kota Tua (Old Town), and the National Museum of Indonesia. Jakarta is also known to have a lively and vibrant nightlife.

The most popular area in Indonesia besides the capital is Bali Island. Bali is the country’s main tourist destination, attracting more than 15 million tourists every year. Commonly referred to as the “Island of Gods,” Bali is brimming with stunning beaches, amazing surfing spots, jungle-covered mountains, diverse marine life, rich culture, and vibrant nightlife. Almost every beach on the island is worth visiting as each beach has its own unique characteristics. Some of the most popular beaches are Padang Padang Beach, Seminyak Beach, Suluban Beach, and Kuta Beach, but these beaches are usually crowded. If you want to relax on a quiet beach, try Nyang Nyang Beach and Gunung Payung Beach. The most popular areas on the island are Seminyak, Canggu, Ubud, and Kuta.

Another popular area is the Special Region of Yogyakarta, which is the only region in Indonesia that officially recognizes the monarchy. It is considered as the cultural capital of Java Island as it is filled with cultural landmarks like the Royal Palace, Taman Sari Water Castle, Prambanan Temple, Ratu Boko Temple, and Borobudur Temple.

There are numerous different types of property for sale in Indonesia that cater to all budgets and requirements. From Indonesian-style houses to luxurious apartments, buyers can choose the type of property that will suit them best.

High-rise apartments and condominiums can be found in major cities, such as Jakarta, Medan, Surabaya, Makassar, and Bandung. In Bali and Yogyakarta, apartments and condos are usually available in mid-rise and low-rise buildings because both areas have rules that no buildings should be taller than a certain height (maximum 15 meters in Bali or about the height of a tall coconut tree and maximum 16 meters in Yogyakarta). Apartments and condominiums in Indonesia are mostly modern and luxurious. Both accommodations usually come with 24-hour security, parking spaces, swimming pools, playgrounds, and gyms. More expensive apartments and condos may also come with recreation rooms, sauna, playing fields, and quarters for live-in staff, and even private golf courses.

Houses and townhouses are widely available around the country. However, modern style and new houses are more readily available than Indonesian-style houses since families who own these houses generally have lived there for generations. Luxury houses are usually located within upscale, gated communities and may have Western-style features and design. 

Villas are in abundance in areas like Bali, Yogyakarta, and Bandung. Villas are mostly luxurious and offer more space for its owners. They may come with swimming pools, gardens, and in-villa cinemas. In Bandung, villas are usually located on hilltops, giving you spectacular views of the surrounding hills and tea farms. In Bali and Yogyakarta, villas can be located on hilltops or near the ocean.

The local currency is the Indonesian Rupiah (Rp). The exchange rate from US$1 is approximately Rp14, 000. As in many other countries in Southeast Asia, the exchange rates makes the cost of living in Indonesia very affordable for most foreigners. For a family to live comfortably in the country, a monthly salary of Rp20, 000,000 (around US$1,400) would be enough. In reality, most expats who work in Indonesia earn much more than the minimum amount needed to have a comfortable life, allowing them to live luxuriously. 

Indonesia is a very diverse country. There are about 300 ethnic groups and over 700 native languages. However, everyone can speak Bahasa Indonesia, the national language that acts as the glue that binds the people together. English is widely spoken in major cities and tourist areas, such as Jakarta and Bali. In other areas, most young generations understand English to some extent because the language is taught in school.

About 87% of Indonesia’s population is Muslim, but other religions are freely practiced and the country formally recognized religions (Islam, Christianity, Hinduism, Buddhism, and Confucianism). There are also several indigenous religions in the country, though not formally recognized by the constitution. 

Located in the tropics Indonesia experiences an entirely tropical climate. The average temperatures can vary depending on the area. In general, the temperatures range from 23°C to 28°C throughout the year. However, the temperatures can soar to 35°C in coastal areas. There are two seasons in the country including dry and wet season. June to October is the dry season, which has a slightly cooler temperature than the rainy season and lots of sunny days. The Rainy season comes in November and ends in May. This season can be very humid, wet, and has a significant amount of rainfall.

To stay in Indonesia for an extended period of time, foreigners need a visa. There are numerous different types of visas, but most foreigners have a KITAS Visa, which is valid for 6 to 12 months.

The Standard of living in Indonesia, particularly in its developed areas, has increased significantly over the last several decades. Still, the cost of living is relatively affordable for most foreigners. The exchange rate from Indonesia’s official currency, Rupiah (Rp), to US dollars is very favorable as US$1 is equivalent to approximately Rp14, 000. A family can live very comfortably in the country with a monthly salary of Rp20, 000,000 (about US$1,400). However, most expats earn much more than this amount.

With about 300 ethnic groups and more than 700 native languages, Indonesia is very diverse. The national language in the country is Bahasa Indonesia. English is widely spoken in tourist areas and major cities, such as Surabaya, Jakarta, and Bali. Indonesia contains the largest Muslim population in the world, with around 87% of its population following the religion. Other faiths are freely practiced within the country. 

Indonesia enjoys a tropical climate, so the weather is warm throughout the year. The average temperatures tend to hover around 23°C to 28°C, but it can get as high as 35°C in coastal areas. The country experiences two seasons, including wet and dry season. The wet season runs from November to May. It is characterized by rising humidity and a significant amount of rain. The dry season, from June to October, is usually very pleasant with lots of sunny days.

Foreigners who wish to live in Indonesia for an extended period of time will need a visa. There are numerous different types of visas available, and the names can be pretty confusing. However, most expats have KITAS (temporary residence permit), which is valid for 6 to 12 months.

1. The largest economy in Southeast Asia – with average annual GDP growth of 5%.
2. Political Stability – since economic growth and political stability are deeply interconnected, it is important that you invest in a country that is politically stable. Besides being politically stable, the country is currently shifting toward more favorable policies for the private sector and the market.
3. Low-interest rate – with the BI Repo rate (base rate) at 5%, interest rates in the country are low, encouraging potential investors to invest and borrow money.