Canggu is one of our favourite areas of Bali, and it’s also where our office is. We have witnessed this lazy surfer village, located north of Seminyak, grow to become one of Bali’s most popular tourist hot spots and destinations for travelling and living. If you have been to Bali, you have likely been to Canggu. If you are looking for villas for sale in this area, you will be spoiled for choice.
You can search all of our options for villas, freehold and leasehold, in Canggu on our website, using our search options to find villas in Canggu, Berawa, Pererenan and beyond. You can also search for land, commercial opportunities and off-the-plan homes and apartments.
But why is Canggu so popular? What draws so many Bali travellers and long-term stayers to this coastal town? We have listed a few of our top reasons below, which make Canggu not just a great place to visit, but one of our favourite areas for buying real estate and investing.
Canggu’s popularity has grown in recent years because of the following reasons.
If all of this sounds enticing, you may be interested in buying a villa in Canggu. Talk to our team about our options to fit your budget, lifestyle or needs.
The Canggu real estate market is red hot, with high demand for villas, apartments, and off-the-plan dwellings. Canggu real estate is a popular investment for several reasons.
Growing tourism industry. Canggu’s popularity as a tourist destination has increased steadily over the years, resulting in a growing demand for accommodation, including villas, apartments, and hotels. Investors can capitalise on this trend by investing in developing new properties or purchasing existing ones to rent out to tourists.
High rental yields. The rental yields in Canggu are relatively high compared to other areas in Bali. This is because of the high demand for accommodation, particularly during peak tourist seasons.
Stable property market. The property market in Bali, in general, has been stable over the years, with prices steadily increasing. Canggu, a popular tourist destination, will likely experience continued demand for property in the future, making it a relatively safe investment.
Attractive lifestyle. As we mentioned above, the Canggu lifestyle is tough to beat. Its proximity to beaches, surf spots, and a thriving community of expats and digital nomads make it an attractive place to live or own a vacation home.
Favourable foreign ownership laws. The laws for ownership here in Indonesia are relatively strict when it comes to foreigners buying properties. Recently, the government has relaxed regulations on foreign investments and property ownership. Before, foreigners couldn’t own freehold properties, but now, it is possible to buy property by setting up a PT PMA (foreign-owned investment company). Without this, foreigners still have plenty of options for investing in properties in Canggu with leasehold options.
Investing in Canggu real estate can be a lucrative opportunity for those looking to diversify their investment portfolio or capitalise on the growing tourism industry in Bali. Or it is also a wonderful place to relocate or buy a vacation home.
However, as with any investment, conducting thorough research and seeking professional advice before purchasing is important. Talk to our team of experienced and qualified agents for anything you need to know about investing in Canggu villas and real estate.
Here are some frequently asked questions to help guide you through your Canggu Bali investment.
Beyond Villas, what are the Canggu real estate investment opportunities?
We have several different options for investing in Canggu, from villas large and small; to apartments and off-the-plan villas; land that can be used to build your villa or development depending on the zoning laws; commercial properties for options for restaurants, shops, spas, or hotels, as well as a growing number of co-working spaces.
What are the costs associated with investing in a villa in Canggu?
The costs associated with investing in a villa in Canggu can vary depending on the property’s location, size, and condition. In addition to the purchase price, investors should also consider the costs of renovation, maintenance, and property management.
Can I rent out my villa in Canggu?
This will depend on your ownership title, but in most cases, you can obtain the correct permits to rent out your villa in Canggu to tourists or long-term tenants. Renting out your villa can provide a steady income stream and help offset ownership costs.
What are the legal requirements for owning a villa in Canggu?
Indonesian nationals can buy freehold properties. Foreigners can own villas in Bali under certain conditions, such as buying leasehold properties, setting up a PT PMA and buying property through the company. However, it is important to consult with a local lawyer to understand the legal requirements for owning a villa in Canggu, including obtaining the necessary permits and licenses. Our team is well-versed in these regulations, and we can also connect you with our legal experts.
What are the potential risks of investing in a villa in Canggu?
As with any investment, there are potential risks associated with investing in a villa in Canggu. Villa wear and tear is the most common, especially for villas closer to the ocean or in lower-lying areas with possible flooding risks. You will want to also examine the villa for sound, proper construction and building standards. Other risks that aren’t as common but must also be considered include natural disasters, changes in government policies, and fluctuations in the tourism industry. It is important to conduct thorough research and seek professional advice before purchasing to minimise these risks.
How can I ensure a successful investment in a villa in Canggu?
To ensure a successful investment in a villa in Canggu, talk to professional, experienced agents like our team at Harcourts. It is important to conduct thorough research and clearly understand your financial goals and investment strategy. Working with a reputable real estate agent and property management company can also help ensure a successful investment.
If you have more questions about villas for sale in Canggu, or if you find one or a few on our website and you’d like to arrange a viewing, get in touch with the team at Harcourts Purba Bali today!
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