By John Sage Melbourne

Navigating any brand-new market is a tough process,particularly when language barriers,international currencies and cultural variety includes layers of complexity for foreign investors. It may be challenging to identify quality,resilience and growth capacity of brand-new homes and developments before investing money into them.

For example,in Indonesia,only people can own property and what is typically marketed as a freehold title is not what is understood in Australia.

The only way non-citizens in Indonesia might buy property in the past was through a private contract in the name of an Indonesian person,called a sponsor. Over two years ago the Indonesian government in Jakarta declared all such agreements unlawful and foreign owners were given 18 months to repair it.

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What this highlights is that it is up to the overseas financier to know the law of the nation they wish to invest in. Consider the time you would invest looking into a local property investment opportunity and double it. Do not assume that things will work overseas in quite much the same way that they do here– there might be considerable differences.

Find somebody local to that nation that you trust and who understands about property investment to help you overcome language and cultural barriers. Remember,a contract is a contract,and “I didn’t understand what it stated” is not an excuse!

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