<article>Indonesia has allowed foreigners to own houses for up to 80 years in an effort to show a friendlier face to people who might come and bring investment with them.</article>

Indonesia has allowed foreigners to own houses for up to 80 years in an effort to show a friendlier face to people who might come and bring investment with them.
The <a style="color: #000080;" href="http://Cabinet Secretariat" target="_blank">Cabinet Secretariat</a> said on its website on Tuesday that President Joko Widodo signed a regulation late last year giving foreigners the right to buy a landed house for three decades, with a possible extension of another 50 years.
To be eligible, the foreigner has to live, work, or invest in Indonesia, and &#8220;provide benefit&#8221; to the country, the cabinet secretariat said.
Under previous rules, foreigners could buy houses for 25 years, and extend for a further 25 years.
Indonesia has already relaxed ownership rules for apartments, allowing foreigners to buy units worth more than 10 billion rupiah ($720,000). ($1 = 13,905 rupiah)
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Reuters

Indonesia has allowed foreigners to own houses for up to 80 years in an effort to show a friendlier face to people who might come and bring investment with

Indonesia extends foreigner ownership of houses to 80-year period, in a bid to encourage investment

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Indonesia extends foreigner ownership of houses to 80-year period, in a bid to encourage investment

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