Last Updated on January 22, 2025 by Yasmina
Lombok, Indonesia, is quickly becoming a favorite spot for property buyers. With beautiful landscapes, a laid-back lifestyle, and great investment potential, it’s easy to see why. So, how much does it cost to buy property in Lombok? Let’s dive in.
Table of Contents
1. Understanding Lombok’s Real Estate Market
Lombok’s property market is diverse, offering everything from beachfront villas to inland plots perfect for development. To learn more about available properties, visit our properties for Sale in South Lombok page. While prices are rising, Lombok remains more affordable than its famous neighbor, Bali.
2. Factors Affecting Property Prices
Several factors influence property prices in Lombok:
- Location: Properties near tourist hotspots like Selong Belanak, Kuta, and the Gillis are pricier.
- Type of Property: Raw land, residential villas, and commercial properties each have different price ranges.
- Proximity to Amenities: Being close to beaches, main roads, and restaurants adds value.
- Land Status: Freehold (Hak Milik) and leasehold (Hak Sewa) arrangements significantly impact costs.
3. Average Property Prices in Lombok
Here’s a snapshot of current property prices:
- Land: Prices range from IDR 50 million to IDR 300 million per are (100 square meters) depending on location and accessibility.
- Villas: A one-bedroom villa may cost between IDR 2 billion and IDR 3 billion. Larger villas can exceed IDR 5 billion.
- Commercial Properties: Prices for commercial land or buildings can go beyond IDR 10 billion in prime areas.
4. Legal Considerations for Foreign Buyers
Foreigners face restrictions on property ownership in Indonesia, but there are options:
- Leasehold: Secure long-term leases (25-30 years) with extensions.
- Right to Build with PT-PMA: The Right to Build (Hak Guna Bangunan or HGB) allows a foreign-owned local company (PT-PMA) to legally lease and develop the property for up to 80 years, with extensions possible.
Always work with a trusted real estate agent or legal advisor to navigate these regulations.
5. Additional Costs to Consider
When budgeting for property in Lombok, don’t forget these expenses:
- Taxes:
- Acquisition Duty (BPHTB): 5% of the property’s value.
- Income Tax for Sellers: 2.5% of the sale price.
- Legal Fees: For notary services and title transfer paperwork.
- Agent Fees: Typically 5% of the property’s sale price.
- Construction Costs: If building, expect to pay IDR 10 million to IDR 14 million per square meter, depending on materials and design.
6. Why Invest in Lombok?
Here’s why Lombok is an attractive investment (source: Investopedia):
- Booming Tourism: The Mandalika region is being developed as a world-class destination.
- Affordable Prices: Lombok offers better value for money compared to Bali.
- High ROI Potential: Vacation rentals and tourism properties can generate strong returns.

7. Tips for Buying Property in Lombok
- Work with a reputable local agent familiar with regulations.
- Double-check land certificates and ownership documents.
- Choose properties with good access to roads and amenities.
- Think long-term about rental income or resale potential.
FAQ: Cost to Buy Property in Lombok
Q: Can foreigners buy property in Lombok?
Yes, but they must use leasehold agreements or the HGB structure.
Q: Are property prices in Lombok increasing?
Yes, prices are rising due to growing tourism and investment.
Q: How much is the average cost of land in Lombok?
Land prices range from IDR 30 million to IDR 300 million per are, depending on the location.
Q: Is it better to buy land or a villa in Lombok?
It depends on your goals. Land is ideal for development, while villas offer immediate rental income.
Conclusion
Buying property in Lombok can be a rewarding investment with the right guidance. Whether you want a serene retreat or a high-return venture, Lombok’s real estate market has something for everyone. Ready to explore your options? Reach out to a trusted local expert and take the first step today!
About Nour Estates
We started Nour Estates with a simple idea: to make finding your dream land in Lombok as easy and enjoyable as a day at the beach. Our team is a mix of local folks and people from around the world who fell in love with Lombok like you. We’ve been in your shoes, faced the challenges of buying land here, and learned all the ins and outs. Now, we’re here to share that knowledge with you.
We are here to find you the perfect land to invest in. Contact us today, and let’s start this exciting journey together!
Follow us on Instagram and LinkedIn for the latest Lombok Real Estate news and listings!