Bali Real Estate
INTRODUCTION ABOUT BALI REAL ESTATE IN 2016
Bali on 26 May 2016
The real estate in Bali has grown during the financial global crisis and even we can feel in 2016 that the price are lower, if fact we arrive in a real stability of the market and the price.
Indonesia has a stable economy and the new government encourages residents to invest and even the interests of loans are significantly lower than 2015.
We noticed that Indonesian population is interesting to invest in apartment and condo built by big chain.
Foreigners market is more oriented to invest in villas already built and even buy land to organize building construction of houses and villas.
Indonesian Citizen invests in Freehold properties when Foreigners mostly prefer invest in long term rental or Leasehold (normally 25 to 30 Years with possibility of extension). This year the government promotes also another way for foreigner to invest in property with an easing of the rules of the Hak Pake who allow foreigners with permanent visa for one property only to access to the ownership of the land. (Don’t hesitate to contact us for more information about the Hak Pake)
The government since 2015 organized a real restructuration of the access with high way, the extension of the sunset road and many new roads. The willingness of the Government helps a lot the development of real estate on the island.
PRICES OF THE REAL ESTATE IN BALI?
Prices in Seminyak, Petitenguet, BatuBelig, Canggu, Umalas… grown up to 20 percent between 2014 to 2015. Just 10 years ago these areas were surrounded by rice paddy fields and the land exploited by farmers.
In only few years hundreds of luxury properties in Bali have been built, and we all can see that the real estate investment in Bali is more dynamic than anywhere else in the world.
In 2016, it seems that Prices in the most famous area already reached the maximum and Prices at this moment start to be stable. According to many analysts, 2016 is the good moment to invest in famous area and also in new area that will be develop with new access and infrastructure.
WHY INVEST IN BALI REAL ESTATE?
Bali is well know as a very safe Island with lovely population who keep smiling and savor life with respect and peace.
Bali has changed and now you can find high level world-class restaurant with also a real variety of night life. This make a very interesting option to buy property in Bali as a first home, second home and also as an investment.
Bali with its famous Beach club like Ku De Ta, Potato Head, W resort, Mozaic, La Laguna… bring a new dynamic in the island and make Bali ‘the must visit place’ in the international scene.
WHERE TO INVEST IN BALI REAL ESTATE?
Seminyak, Batu Belig, Canggu, EchoBeach, Umalas, the Bukit, Tabanan, Lovina and also Ubud are now in the trend for local and foreigner’s investissement.
Around Bali, we can see that now some others islands that are also a good place for investor and we principally notice that following island as a new Eldorado : Flores, Lombok, Nusa Lembongan, Gili's Islands, Nusa Penida and recently Sumba and Sumbawa.
WHO INVEST IN BALI REAL ESTATE?
Bali is famous for the mix of tourists that visit the island from backpacker to exigent tourists, they all enjoy Bali beaches and culture.
Indonesian citizens are normally interested by land, hotels, condo and private pool villa, when foreigners principally buy property to own their own villa or a vacation rental.
CONCLUSION OF THE REAL ESTATE IN BALI
In 2016 Bali is the place to invest with a positive real estate market that give a real opportunity of ROI with tourism expansion. The new international airport and the improvement of the global infrastructure are an evidence that the government is involve to facilitate the arrival of investor in Bali island.
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5. Bali Visitors Statistics History, 15 January 2016
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