Lombok is a popular hub for tourism and hospitality businesses. Lombok has followed Bali's footsteps with its diverse culture, strategic location, and charming landscape. This charming island, close to Bali and Sumbawa, has changed the travel and tourism landscape by attracting more tourists and property investors in recent years. As a result, more and more foreigners are coming to invest in south Lombok property.
Lombok is an attractive place to invest in vacation properties and Lombok property for sale is known to deliver high rental yields. There are some reasons which South Lombok property investment is so lucrative-
- · Aiming to attract at least 20 million tourists annually, Indonesia's Ministry of Tourism has selected Lombok for investment and expansion of the country's tourism destination.
- · Investing in Lombok presents a lucrative opportunity for luxury accommodation businesses as aspiring tourists lack the comfort of quality holiday villas and homes for stay.
- · Lombok's Christmas Markets are blessed with great weather all year round, so even during the rainy season it never stays dry. A high occupancy rate can be expected for rental properties regardless of the month.
- · The cost of buying and maintaining rental housing in Lombok is very low in the current market. Due to the low cost and high demand for accommodation, you can expect high rental returns.
- Indonesia has many land restrictions for foreigners. The following are specific proprietary rights-
- · A building permit or HGB certificate (Hak Guna Bangunan) allows an investor to build a building on certain types of land. A building title certificate gives investors the opportunity to use the land for up to 50 years.
- · One of the best ways to gain access to land in Indonesia is to form a PT PMA. However, expats who cannot form a PT PMA can use Indonesian land by obtaining a title of “Right of Use”. It can also be rented for up to 25 years with a “right of use”.
Lombok tourism has immense possibilities from the areas such as Gili Trawangan, Gili Meno, Gili Air, and many more. The island is lush and you can also explore Gunung Rinjani in the East Lombo Regency, Indonesia's second-highest mountain. Here, there are huge opportunities to start a business like restaurants, hotels, or agriculture. Local people and foreign nationals are very much interested in Lombok Property for Sale.
By enabling foreigners to purchase real estate in Indonesia, the Indonesian Real Estate Association believes that real estate for foreign investors will be an important milestone in boosting the Indonesian real estate sector and the Indonesian macroeconomy. With this perfect combination and dynamism, there is no better time to invest in Indonesia; especially the real estate sector is one of the most profitable businesses in Indonesia.
TROPIK LOMBOK RESORT brings huge options for villas and properties for sale. South Lombok is a developing destination for real estate investment projects, whether it's for vacations or hospitality opportunities. It provides comprehensive support for owning the property. If you want to choose your dream Lombok property, visit the website or call us now!
