Although the Indonesian government is seeking to change regulations which ban the ownership of property by foreigners in a bid to boost the country's economy, these efforts alone will not be enough to attract real estate investment from abroad, claims The Jakarta Post. According to local media reports, Indonesia has been trying for years to lure foreign investors into its market with promises that they would receive tax breaks and other incentives.
Although the Indonesian government is seeking to change regulations which ban the ownership of property by foreigners in a bid to boost the country's economy, these efforts alone will not be enough to attract real estate investment from abroad, claims The Jakarta Post. Analysts believe that the already weakened Indonesian economy and lax law enforcement will continue to deter foreign investors despite extensive government promotion.