Yogyakarta

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Real Estate Agencies

Sections

Real Estate Agencies in Yogyakarta, Indonesia

Services Offered

  1. Property Listings: Agencies provide listings for residential, commercial, and land properties for sale or rent.
  2. Market Analysis: They offer insights into market trends, property values, and investment opportunities.
  3. Legal Assistance: Many agencies assist with legal documentation and processes related to property transactions.
  4. Property Management: Some agencies offer management services for rental properties, including tenant screening and maintenance.
  5. Consultation Services: Agencies may provide advice on property investment and development.

Typical Costs

  1. Rental Costs:
    • Apartments: IDR 1,500,000 to IDR 5,000,000 per month, depending on location and amenities.
    • Houses: IDR 3,000,000 to IDR 10,000,000 per month.
  2. Purchase Costs:
    • Apartments: Starting from IDR 300,000,000 to IDR 1,500,000,000.
    • Houses: Ranges from IDR 500,000,000 to IDR 3,000,000,000.
  3. Agency Fees: Typically 5% to 10% of the annual rental price or a commission of 1% to 3% for property sales.
  4. Legal Fees: Approximately IDR 5,000,000 to IDR 10,000,000 for documentation and notary services.

Procedures for Renting or Purchasing Property

  1. Renting:

    • Search: Use local real estate websites or visit agencies.
    • Viewings: Schedule property viewings through the agency.
    • Negotiation: Discuss rental terms and negotiate the price.
    • Documentation: Sign a rental agreement, usually for a minimum of one year.
    • Deposit: Pay a security deposit (typically one monthโ€™s rent).

  2. Purchasing:

    • Search: Identify properties through agencies or online listings.
    • Due Diligence: Verify property ownership and legal status.
    • Negotiation: Agree on the purchase price and terms.
    • Legal Process: Engage a notary for the sale agreement and transfer of ownership.
    • Payment: Complete payment as per the agreed terms, usually involving a down payment followed by installments.

Local Considerations and Cultural Practices

  1. Lease Terms: Understand that leases are often for one year or longer; short-term rentals may be less common.
  2. Cultural Norms: Building relationships with landlords or agents can facilitate negotiations and trust.
  3. Local Regulations: Foreigners can own property in Indonesia but must comply with specific regulations, such as using a local nominee or establishing a PMA (foreign investment company) for certain types of ownership.
  4. Community Engagement: Participate in local customs and community events to foster good relationships with neighbors and landlords.

Recommended Real Estate Agencies in Yogyakarta

  1. Yogyakarta Property: Specializes in residential and commercial properties.
  2. Citra Land: Offers a range of services including property management.
  3. Sewa Rumah Yogyakarta: Focuses on rental properties, particularly for expatriates.

Research and contact multiple agencies to compare services and prices before making a decision.