What do I need to know when buying property in Jakarta?

"1. It is important to research the local market and understand the current trends in the area before making a purchase. 2. It is important to understand the legal requirements for purchasing property in Jakarta, such as the need for a local lawyer to assist with the transaction. 3. It is important to be aware of the taxes and fees associated with purchasing property in Jakarta, such as the land transfer tax and the registration fee. 4. It is important to be aware of the local zoning regulations and building codes that may affect the use of the property. 5. It is important to be aware of the potential risks associated with purchasing property in Jakarta, such as flooding, earthquakes, and other natural disasters. 6. It is important to be aware of the potential for political instability in the region and the potential for changes in the local laws and regulations. 7. It is important to be aware of the potential for corruption and fraud in the real estate market in Jakarta. 8. It is important to be aware of the potential for scams and fraudulent activities in the real estate market in Jakarta," commented one expat who made the move to Jakarta, Indonesia.

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