Owning property in Bali can offer various benefits, attracting investors and individuals seeking a second home.
It’s important to note that the real estate market and regulations can change, so seeking up-to-date information and professional advice is advisable.
As of my last knowledge update in January 2024…
Let’s take a look at eight reasons why investing in Bali is profitable and attractive.
1. Affordability
Compared to many other popular tourist destinations, real estate prices in Bali are relatively affordable.
A study by Arabian Business looked at 100 different markets worldwide and found out which ones are important and attractive to people who want to invest money in other countries.
They found out that Bali is one of the places where home prices are pretty low, along with Brazil and Istanbul.
The average price for an apartment in Bali is about $283,381, which makes it a great place for people who don’t want to spend much money but still want a luxurious and peaceful place to live.
2. Tourism and Rental Income
Bali is a major tourist destination, and owning property there can generate rental income. Many property owners rent their homes or villas to tourists, especially during peak season.
As shown in the graph above, the average occupancy rate in Canggu during peak season (from July to August) is almost 92%.
What’s more, the Indonesian government expects more than 13 million tourists to visit Bali in 2024.
The reason is that the Indonesian government has now applied ease of regulations for foreigners to settle in Bali. One of them included this new Golden Visa.
Not to mention, Bali ranked second in The Travelers’ Choice Awards Best after Dubai, based on many really good reviews for its hotels, restaurants, and activities from travelers over the past year.
This popularity makes Bali attractive to foreign property investors, who may earn a high rental income.
3. Natural Beauty and Cultural Attraction
Bali is famous for its stunning natural scenery, beaches, and rich cultural heritage.
There are many places in Bali you can enjoy the traditional dance, such as Ubud and Uluwatu.
The diversity attracts more and more visitors to Bali, which can increase the returns on your investment property.
Owning property on the island also means immersing yourself in the unique Balinese culture and enjoying the natural beauty of the surroundings.
4. Diverse Investment Options
Investing in property in Bali gives you lots of different choices. One option is to buy a traditional Balinese villa. These villas have unique roofs made from dried palm leaves called thatch.
The villas can also feature beautiful tropical gardens with palm trees and colorful flowers. Living in a Balinese villa allows you to experience the island’s cultural heritage.
Another choice is a modern condominium or apartment. These condos are more contemporary in style with sleek designs. Many come with fantastic amenities like swimming pools, gyms, and landscaped grounds. You’ll have resort-style living right at home.
You can also invest in a landed house, meaning a single-family home on its land plot. These range from modest homes to luxurious villas with multiple bedrooms and bathrooms.
No matter what kind of lifestyle you want, Bali has properties that match. You can go for an authentic Balinese experience, ultra-modern living, or something in between. With all the diverse options available, finding the perfect Bali property that fits your specific wants and budget is easy. The variety gives you flexibility in how you invest.
To see which property suits your preferences and budget, visit our property listings here.
5. Residence Visa Options
One major advantage of investing in property in Bali is that it can help you get a long-term visa to live there. Normally, tourists can only stay in Bali for up to 60 days on a visitor’s visa before leaving and re-enter the country.
However, if you own a property in Bali, you may qualify for special residence visas that allow you to live there much longer. Two popular options are the retirement visa and the second home visa.
The retirement visa is for people over 55 who want to retire in Bali. With this visa, you can live in Bali for years without constantly renewing a short-term visa.
The second home visa also called a social visa, is for anyone who owns a home or condominium in Bali worth over a certain amount. This visa lets you treat your Bali property like a true second home by staying for extended periods.
These residence visas make it truly convenient to enjoy your Bali property investment. Instead of being limited to short vacations, you can live in your Bali home for months or years.
No more stressing about extending a tourist visa every couple of months! With a residence visa from owning property, you can travel freely from Bali while keeping your home there. But make sure that you discuss every detail with a professional advisor.
6. Favorable Climate
One of the best things about Bali is its fantastic tropical weather. Unlike places that have four seasons with cold winters, Bali stays warm and sunny all year round. The island’s average daily temperature is around 80°F (27°C).
With warm temperatures, you never have to worry about cold days or shoveling snow. You can wear light, comfortable clothes every day of the year. The consistently sunny skies are also perfect for soaking up some healthy vitamin D from the sun’s rays.
Bali’s tropical climate makes it ideal for enjoying the outdoors anytime. On a typical day, you could relax poolside while soaking up the sun’s warmth. The balmy weather also means you can enjoy a refreshing swim without the pool or ocean being too cold.
The warm climate also provides great conditions for spending time at one of Bali’s famous beaches. You can lounge on the soft white or black sand while the gentle sea breezes keep you cool.
Even being outside in nature is a delight, thanks to the pleasant temperatures. You could hike through the lush green forests and jungle landscapes without overheating or freezing.
Overall, investing in property in Bali means you get to experience perfect warm, sunny weather year-round. You won’t have to deal with winter’s biting cold, ice, and snow!
7. Capital Appreciation Potential
When you invest in property in Bali, the property may increase in value over time. This increase in value is called capital appreciation.
Over the past several years, properties in many areas of Bali have appreciated quite a bit, especially in popular areas like Seminyak, Canggu, and Nusa Dua. The main reason is that those areas have become extremely popular tourist destinations.
More and more people from around the world want to visit the island to experience its beautiful beaches, lush jungles, and unique culture.
As tourism to Bali grows, the demand for places like hotels, villas, and condos also increases. With more people wanting to buy properties, this drives up the prices. Properties that may have been quite affordable a decade ago can now sell for much higher prices.
However, it’s important to understand that just because Bali property values have gone up in the past doesn’t guarantee they will keep rising in the future. Many factors, such as the overall economy, interest rates, and construction rates, can impact whether appreciation continues or not.
But if tourism keeps increasing and there is limited new property development, basic economics says prices would likely continue climbing due to higher demand than supply. So investing in an area with great appreciation potential could allow you to sell your property for significantly more than you paid.
Of course, no investment is ever a sure thing. However, the prospect of capital appreciation is one of the potential financial benefits of investing in property in Bali’s highly desirable island destination.
8. Relaxed Lifestyle
One of the biggest draws of owning property in Bali is the opportunity to experience a relaxed, laid-back lifestyle. The island has a chill, go-with-the-flow vibe that instantly makes you feel more at ease.
Part of this relaxed atmosphere comes from Bali’s Hindu culture and traditions that emphasize living in harmony with nature and finding inner peace. You’ll notice small offerings around to show gratitude to the spiritual world. The Balinese’s warm, friendly demeanor contributes to the calming island environment.
Bali has an intrinsically slower pace as an island paradise than big cities and urban areas. Days blend in a pattern of lounging on sandy beaches, strolling through lush green rice fields, and immersing yourself in the island’s unique culture and cuisine.
Owning a property in Bali, whether a villa, home, or condo, allows you to fully embrace this relaxed island way of life.
Conclusion
Real estate in Bali is a growing market, with values increasing every year. By 2024, investing in Bali could be even more rewarding.
These facts show that investing in Bali isn’t just a chance to own a beautiful property; it’s a smart business move.
Starting your investment journey in Bali today means setting yourself up for success early.
Remember, investing in property here requires effort and the right decisions. It’s not just about buying land; it’s about making smart choices to grow your investment.
If you take the right steps, owning property in Bali can boost your portfolio and bring you substantial returns.
So, why wait? Start exploring your investment options in Bali today and see your assets grow!
Need advice on where to begin? Contact our team now, and let’s make your investment dream a reality.