Property for sale - Kuta Lombok

Investing in Kuta Lombok is a great opportunity because of its fast development, government support, and growing tourism. Here are the main reasons to think about buying a property in Kuta Lombok:

1. Strategic Government Initiatives

The Indonesian government has chosen Kuta, Lombok, as part of its initiative called “10 New Balis” to attract more tourists outside of Bali. A key part of this plan is the Mandalika Special Economic Zone. This project, worth billions of dollars, includes luxury resorts, a MotoGP race track, and improved infrastructure. It aims to draw global investors and raise the area’s profile.

2. Rapid Tourism Growth

Kuta has beautiful beaches like Tanjung Aan and Mawun. It also has attractions like Mount Rinjani that are bringing more and more tourists. This increase in visitors creates a need for places to stay, eat, and have fun. This demand offers great opportunities for investors in hotels and related businesses.

3. Infrastructure Development

Significant investments in infrastructure, including the expansion of Lombok International Airport and improved road networks, enhance accessibility to Kuta. These developments facilitate the movement of tourists and goods, supporting business operations and growth.

4. Real Estate Potential

Kuta offers attractive real estate opportunities with relatively affordable land prices compared to Bali. Many developments provide options for investors seeking land with stunning ocean views and proximity to central Kuta, presenting potential for high returns as the area develops.

5. Sustainable Development Focus

There’s a growing emphasis on eco-friendly and sustainable tourism in Kuta. Investors focusing on sustainable practices can align with global trends and appeal to environmentally conscious travelers, enhancing the long-term viability of their investments.

6. Favorable Investment Climate

The Indonesian government’s support for foreign investment, coupled with the region’s natural beauty and cultural richness, creates a favorable environment for investors. Engaging with local legal experts can help navigate regulations and maximize investment benefits.

In summary, Kuta Lombok, offers a unique blend of nature, strategic development, and investment-friendly policies, making it a promising destination for investors seeking growth in Indonesia’s tourism and real estate sectors.

Here’s a simple process to buy land:

1. Find a plot: Work with a trusted real estate agent to select the right land.
2. Legal checks: Make sure the land has clear ownership and no disputes or debts.
3. Land survey: Verify the boundaries and zoning rules with a surveyor.
4. Sign the agreement: Have a notary help you sign the sale or lease agreement.
5. Transfer and registration: Finish the registration at the local land office to complete the deal.

When buying land, remember to set aside money for these additional costs:

– Legal fees: This includes payments for your lawyer, notary, and administrative tasks. Typically, this costs about 2-5% of the land’s value.

– Taxes: You usually need to pay a 5% tax on the purchase of land or building rights (BPHTB).

– Development costs: If you plan to build, be aware that expenses for things like roads, utilities, and water supply can vary greatly depending on where the land is located.

• Location: Consider how close the land is to beaches, towns, and tourist attractions. This affects your enjoyment and its resale value.
• Accessibility: Make sure the land has easy access to main roads, utilities, and essential services like water and electricity.
• Legal clarity: Check the land’s title and zoning. Ensure there are no disputes regarding the property.
• Flood risk: Find out if the land is prone to flooding, especially during the rainy season.