However, Lombok and Bali differ significantly: 90% of Bali's population (Balinese) practice a unique local form of Hinduism, while the majority of Lombok's population are Muslim (the main religion of Indonesia). The tourism industry and related infrastructure are more developed in Bali than in Lombok. By Russian standards, resort real estate in Bali is inexpensive, and even cheaper on Lombok. A small but quite comfortable vacation home in Bali can be bought for $100,000–200,000.
There are two main purposes for buying real estate in Bali and Lombok. The first goal is permanent residence or periodic holidays. Living continuously in Bali makes sense if you also start a business here – the island is developing dynamically, but still seriously needs foreign investment, so conditions and opportunities for business are favorable.
Lombok is developing less rapidly, making it less attractive for starting a business. If you plan to holiday here periodically, you can rent out the property for the rest of the year through local managers.
The second goal is profit. In this case, the property is constantly rented out (a good option for rentiers), and over time can be resold at a higher price. Prices for real estate in Bali and Lombok have been steadily rising in recent years due to the increase in the number of tourists.
Legally, buying property in Bali is somewhat complicated by several features of Indonesian legislation. First, in this country, purchasing real estate hardly speeds up the citizenship process – it can be obtained no earlier than after seven years of continuous or intermittent residence in Indonesia. Moreover, to obtain citizenship you will have to learn Indonesian – by Southeast Asian standards it is not very difficult. Second, only citizens of Indonesia can be full owners of real estate in this country. A non-citizen only has the right to lease property for 25 years, with the possibility of extension for another 75 years. If you plan to become an Indonesian citizen, then after 7–10 years the question of ownership of your property will resolve itself, and if not, then 100 years of lease will probably be enough for your lifetime.
The specifics of life on the islands of Bali and Lombok are as follows. The flight from Moscow to Bali is long – about 12 hours. This is a true tropical paradise – warm year-round and you can swim in the ocean. On both islands, the culture is largely unfamiliar to Europeans (Hindu and Muslim respectively), and it takes some time to adapt. Balinese are considered friendlier than Lombok residents. Healthcare is paid for everyone – average quality services at an average cost.
Based on materials from the website www.balivillasale.ru
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