Bali is a tropical paradise that draws retirees from around the globe with its serene landscapes, vibrant culture, and affordable lifestyle. If you’re planning to retire in Bali, it’s essential to understand the logistics, from choosing the right location to navigating the Bali real estate market. In this guide, we’ll cover everything you need to know to make your retirement dream a reality.
Why Retire in Bali?
1. Affordable Cost of Living
The cost of retiring in Bali is significantly lower than in many Western countries, offering retirees an excellent quality of life. With affordable housing, dining, and healthcare, you can enjoy a luxurious lifestyle without overspending. For example, renting or purchasing a villa often costs less than similar accommodations in Europe or North America.
2. Exquisite Lifestyle
Bali is known for its natural beauty, with stunning beaches, lush rice fields, and vibrant sunsets. Whether you enjoy surfing in Bingin, meditating in Ubud, or dining in Seminyak, Bali offers something for every retiree. The island’s rich cultural traditions, warm community, and excellent culinary scene add to its appeal.
3. Expat-Friendly Community
Retiring in Bali, Indonesia, is made easier by the island’s welcoming expat community. With plenty of social clubs, international schools (for retirees with families), and expat-focused events, integrating into life here is seamless.
Choosing the Best Place to Retire in Bali
Bali offers a variety of locations to suit different preferences and lifestyles. Here are some of the best places to retire in Bali:
- Ubud: Ideal for those seeking a tranquil, spiritual retreat with a focus on arts and wellness.
This serene riverfront plot in Mas Village offers the perfect opportunity to build your dream home amidst Ubud’s tranquil surroundings.
- Canggu: A trendy hub for expats, offering a mix of modern amenities and laid-back beach vibes.
This modern villa for rent in Berawa offers a stylish design and easy access to Canggu’s best beaches and amenities, making it ideal for retirees looking for convenience and comfort.
- Sanur: Popular among retirees for its calm beaches, family-friendly environment, and proximity to Western-standard healthcare facilities.
These elegant, Hampton-style villas combine modern tropical living with affordability, offering retirees the perfect base to enjoy Sanur’s peaceful charm and excellent amenities.
Understanding the Bali Real Estate Market
Renting vs. Buying Property in Bali
One of the biggest decisions you’ll face is whether to rent or buy property.
- Renting: Offers flexibility and is often cheaper in the short term. Villas and apartments are widely available for long-term rental.
- Buying: Foreigners can purchase property through leasehold agreements or by setting up a foreign-owned company (PMA). For more guidance, we’ve curated 21 tips on buying a villa safely in Bali as a foreigner.
Popular Property Options for Retirees
- Villas: Bali’s villas provide luxury, privacy, and stunning locations, whether near the beach or surrounded by nature.
- Apartments: A practical option for retirees who prefer lower maintenance and smaller spaces.
- Land Purchases: Ideal for retirees wanting to build a custom home.
The Cost of Retiring in Bali
Retiring in Bali is affordable compared to Western standards. Here’s a breakdown of typical costs:
- Housing: Renting a luxury villa can range from $800 to $2,500 per month while purchasing a leasehold property offers a more permanent investment.
- Healthcare: High-quality, Western-standard healthcare is available in Bali at a fraction of the cost found in many other countries.
- Utilities & Internet: Utilities average around $100–$150 per month, with reliable internet readily available.
- Dining & Entertainment: Meals at local warungs cost as little as $2, while dining at upscale restaurants ranges from $10 to $30 per meal.
Visa Options for Retirees
To retire in Bali, you’ll need the appropriate visa:
- Retirement Visa (KITAS): Available to those aged 55 or older. This visa requires proof of financial stability and sponsorship by an Indonesian agent.
- Investor KITAS: Ideal for retirees planning to invest in property or business.
- Social or Cultural Visa: A shorter-term option that allows extended stays for up to six months.
Obtaining these visas requires a number of requirements and laws to keep in mind. Visit our detailed guide so you’re fully prepared for your retirement in Bali.
Steps to Retiring in Bali
- Research and Choose a Location: Visit different areas to determine the best fit for your lifestyle.
- Consult Professionals: Work with real estate experts like Harcourts Purba Bali to navigate the market and legal requirements.
- Secure Housing: Decide whether to rent or buy property based on your budget and long-term plans.
- Apply for a Visa: Ensure you meet the requirements for a retirement visa or other suitable permits.
- Settle into the Community: Join expat groups, explore local activities, and enjoy your new lifestyle.
Make Your Retirement Dream a Reality
Retiring in Bali offers the perfect mix of affordability, luxury, and cultural richness. With its breathtaking landscapes, vibrant community, and excellent healthcare options, Bali is an unbeatable destination for retirees.
Whether you’re looking for a tranquil villa in Ubud or a family-friendly home in Sanur, Harcourts Purba Bali can guide you through every step of your retirement journey. Make the move today and discover why Bali is one of the world’s best retirement destinations.
