Residential property price index in Denpasar, Bali, Indonesia Q1 2022-Q3 2023
The residential property price index in Denpasar, Bali, Indonesia from the first quarter of 2022 to the first quarter of 2023 was relatively stable, reaching 102.71 index points as of the third quarter of 2023. Foreigners cannot fully own property in Indonesia. However, foreigners in Indonesia can acquire the Right of Lease (Hak Sewa), Right to Build (Hak Guna Bangunan/HGB), and Right to Use (Hak Pakai/HP) certificates that will allow them to stay on the property for more than 25 years.
