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Bali is one of the most beautiful places in the world, with stunning beaches, lush greenery, and towering volcanoes. Its popularity among tourists is only increasing every quarter.
Bali has a fantastic climate, with year-round sunshine and balmy temperatures. Rice paddies are immense and are considered UNESCO heritage sites. Volcanoes silently watch the island, and the scenery becomes even more magical as you explore the waterfalls, jungles, rivers, lakes, and tropical forests. We also must remember the underwater kingdom, which brings divers and adventurers from all over the world. This place is a natural island of Gods.
Bali is a popular tourist destination – according to Statista, 6.3 million international tourists visit Bali annually, with an additional 12 million domestic tourists. This creates plenty of options for accommodation, dining, and entertainment. The infrastructure is better than on other Indonesian islands and the environment is built for foreigners’ needs.
The island has something for everyone, whether you’re looking for a peaceful retreat in Ubud, an action-packed holiday around the island, or nightlife in Canggu and Seminyak. As an investor, you can earn returns through appreciation property prices and tourist-centric commercial or residential real estate.
The cost of living in Bali is relatively low compared to other Western countries, making it an attractive proposition for retirees and families. You can easily live and work in Bali for under $1500-2000 per month.
This makes Bali one of the top destinations not only for short-term tourists but also for digital nomads and expats. The low cost of living is excellent to drive investment, as there’s a steady stream of potential income, with lower costs to eat into your returns.
Bali has a stable economy and political situation, which makes it safe to invest money in real estate. Indonesia is the only member of the G-20 from South-East Asia with the perspective to become one of the top-5 leading countries by 2030.
Indonesia is one of the top Asian countries with the strongest domestic market and most favorable investment climate – it is also considered the 4th global investment destination after India, China, and the USA.
Economic stability has proven itself during years of crisis – Bali’s economy is one of the fastest to recover and grow yearly. It is due to a few factors: the evergreen tourism industry on the island, solid domestic investments, and transactions in cash.
Indonesia is a very safe country politics-wise. It’s a democracy and has avoided political turmoil and uprisings.
The property values are only going to go up in the future. The Bali real estate market is growing not only thanks to foreign investment but due to high and rising demand among Indonesians.
Investors from Jakarta – the capital of Indonesia, see Bali as one of the best destinations for investment in property and business. Foreign investments amount to $6-7 billion per quarter with Singapore, China, Australia, and the United States being the top countries investing in Indonesia.
Within the first quarter of 2023, the Bali real estate market grew almost 30% (28.5%) which is the biggest growth rate since 2012.
At Harcourts Purba, you can check actual property prices across Bali and the outer islands.
There is a vast range of different properties available in Bali, in terms of property type, locations, and budget. From luxurious villas for sale to more affordable apartments, as well as locations from beachfront to mountains or rice paddies, all investors can find the perfect property that suits their preference of style, size, location, and budget.
Buying real estate in Bali can cost you as little as under USD 100 000, for smaller properties outside of the hot tourist spots. If you have a budget in mind, talk to our team. We have hundreds of listings and can show you options in your price range.
During recent years, and especially during and after the pandemic, the Indonesian government granted more access to foreign investors. Foreign investment in property is possible through the set up of an Indonesian business, or a local PT PMA. With these changes, the legal process of buying a land or a property has become easier and safer for foreigners, allowing them to lease the land long-term and do business legally.
The real estate market in Bali is supported by many property agents and international real estate agents who have opened branches in Bali.
Of course, many experienced and reputable developers operate in Bali, so you can be sure you get a high-quality property with European-standard building and property management.
Many are involved in building sustainable projects and supporting local communities through charity and education, which are also significant contributions.
Be aware of the abundance of amateurs and unqualified real estate agents in Bali. Unfortunately, there is no mandatory license needed to become a property agent here. Working with an under qualified agent creates a lot of problems for foreign clients, including significant losses of money or even getting an illegal build.
Bali has a versatile cultural landscape with the majority of the local population being Hindu. It brings an unforgettable experience to get to know and watch beautiful ceremonies and discover how a different culture sees life, love, death, and the world itself. The other two main religions in Bali are Islam and Christianity.
The Hindu culture is incredibly kind and hospitable. The offerings, colours, temples, ceremonies and holidays are richly entwined into daily life around the island. Foreigners who come here are often inspired and humbled, and grateful to be a part of it.
According to the World Bank’s survey, Indonesia is one of the top countries where the real estate business is easy to start. The ranking included government support, the legality of property ownership, taxation, purchasing real estate, and the building process.
And in this point it is true that foreigners can legally lease land and properties long-term individually or by setting up a company in Indonesia. The whole process takes only a couple of months. However, the process is currently simple and transparent only if you have a trustworthy property agent in Bali. Navigating real estate by yourself is challenging at the moment.
As mentioned above, Investing in villas in Bali is an exciting venture that can generate significant returns and satisfaction, whether you live here or tap into the high-demand tourism market. Contact Harcourts Bali – the award-winning property agency – today and start planning your dream property in Bali!
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