Ultimate Guide to Start Your Real Estate Agency in Indonesia
The Real Estate industry has always been one of the most profitable businesses in Indonesia. This is supported by the increase in property prices in 18 major cities in Indonesia. In addition, population growth also increases the need for housing. Here are some guidelines for those of you who want to start your Real Estate Agency or for those of you who want to start investing in the property business.
Reasons to Start a Real Estate Agency in Indonesia
The increasing strength of the Indonesian economy and the increase in the number of middle-income people have made homeowners and commercial owners desire to find the perfect spot to reside or start their company. There are also several other reasons why one should start a real estate agency in Indonesia.
The increased demand for residential properties has made many Indonesian investors enter the real estate market. The country has witnessed much growth in the real estate market over the last year, thus leading to many properties to be built in Indonesia. One can either analyze the portfolio of real estate agents themselves or use the services of an experienced agent who knows much about the Indonesian property market before entering the real estate industry in Indonesia.
Another reason to start a real estate agency in Indonesia is due to the fact that the country has an enormous customer market. The country is home to one of the world’s largest populations. Furthermore, the growth of the industry has also made people interested in opening real estate agencies.
Indonesia is becoming one of the economic powerhouses of the Asia-Pacific region. Therefore, careful investments in this market will be likely to turn a profit. Astute buying and selling of real estate properties will provide immense benefits to brokers and investors alike.
Indonesia is expected to become a housing and commercial hub which will rival other Asian countries such as China and India. For this reason, many international real estate agencies companies are interested in commencing business operations in Indonesia. These entries will not only prove helpful for investors but also the country’s real estate agencies as a whole.
Licenses Required by Indonesian Real Estate Agencies
There are certain licenses required by Indonesian real estate agencies. One of these is the Spatial Utilization License, which is acquired by realtors to use a particular space for spatial utilization. There is also the Location License, which is issued for the foreign investment companies. This license helps them make investments in the real estate sector. It also allows them to utilize land for either investment or business purposes. The Utilization and Function Plan License allows for condominium development. This license is obtained from the mayor of a city except in the Jakarta region, where it is obtained from the governor. Real estate agencies must also obtain an Environmental License. It is to be obtained by real estate agencies which are carrying out business activities which have an environmental impact. This license controls any adverse effects that may otherwise hit the environment adversely.
Incidentally, many businesses in Indonesia besides real estate agencies require licenses. It may occasionally be difficult and time-consuming for one to undergo all the require procedures and processes which surround a license application. If you need help starting your Real Estate Agency or any other assistance with paperwork and business establishment. You can contact Indoned. We will assist you with the support of our professional team.
source: paulhypepage.co.id
Disclaimer:
The information provided here is based on our long experience. The process or requirement may vary depending on the specific facts and conditions. In addition, laws and regulations in Indonesia are often subject to change. Please contact us as your consultant to get an up to date information and accurate advice. For more information click here and you can also follow our social media accounts to see the latest information posts. please click on the following links: Facebook, Instagram, Linkedin, and Twitter.
