Planning to Purchase a Home for Sale Bali: 4 Critical Points to Making the Right Choice
Planning to Purchase a Home for Sale Bali: 4 Critical Points to Making the Right Choice
Sun-kissed and warm-watered, the island of the Gods, Bali, is the tropical dream of many holidaymakers, digital nomads, and those who want to escape the rat race. Many are confronted with a new and unfamiliar market when searching for a property for sale in Bali that is suitable for the family, fits within budget, and may be legally purchased. Ilot Property can help you navigate this market. We are here to help you through the process of choosing and purchasing a home for sale in Bali.
In this post, we will provide insights, legalities, and which areas of Bali might best suit your lifestyle.
Following the most recent government rules, non-Indonesian nationals are permitted to purchase real estate on the island of Bali for either living there or using it as an investment. You have the right to lease land, build on it, or utilize an already built house as your vacation home or rental company if the foreign ownership is governed under specific titles.
When you buy a home for sale in Bali, you receive ownership of the property for a predefined period of time. Later on, you may be able to extend your lease up to a maximum of 80 years. It is possible to purchase a property in Bali in your name (leasehold), but it is recommended that you establish a foreign-owned company in Indonesia known as PT PMA. This will ensure that your transaction and ownership are protected for an extended time (freehold).
The national average home price in the United States is around $500,000 to $600,000. This compares to an average price of over one million dollars in Sydney, Australia, and $840,000 in the London area. The prices of homes for sale in Bali are significantly lower compared to the most expensive real estate markets worldwide. The cost of a home for sale in Bali will rely heavily on its square footage and location.
In the most desirable neighbourhoods, such as Seminyak, Canggu, Central Kuta, and Nusa Dua, the starting price for a home for sale in Bali with one bedroom and one bathroom is around USD 200,000. On the other hand, in more secluded and quiet locations, you will not have any trouble finding a basic house for sale for less, even if it has several bedrooms. Ilot Property can source land for you anywhere on the island to build a luxurious Bali villa to meet your precise needs and style.
Buying off-plan guarantees you a considerably lower price point than buying a completed home for sale in Bali.
A home still in the planning stages is called “off-plan.” Your future home has been meticulously designed into layout plans by the architecture team. Off-plan properties are typically marketed by developers, who provide prospective buyers with a more secure acquisition method.
Look for a developer who uses advanced European construction techniques to ensure you get a safe, economical, and cutting-edge build for maximum returns and longevity.
You can purchase a home for sale in Bali at a much-reduced price if you want to go with an off-plan transaction. Typically, the process will take around ten months to complete.
Additionally, you have the flexibility to add some adjustments to the design if necessary. This option is not available to you if you buy a house that has already been built. Ilot Property offers a selection of villa layouts for you to tailor to your needs as required.
Canggu is a thriving community that stays busy throughout the year thanks to the number of tourists, digital nomads, remote employees, and surfers worldwide. It is the best place to go if you want to network with other businesspeople, dine at some of the best restaurants in the world, make new friends while hanging out at bars or beaches after sunset, or even learn how to surf.
The real estate value in Canggu was consistently increasing, and the growth rate was not annual but quarterly. Despite its reputation as one of the costliest areas to make real estate investments in Bali, Canggu continues to be the place with the highest yield, producing profits ranging from 8% to 30% of the original investment.
If this is the case, it is in your best interest to purchase a home in Canggu that is still in the pre-construction stage so that you can lock in your pricing and location before the price increases further.
If you want to be part of the most happening area of Bali right now, browse the turnkey development projects that we currently have in progress in Berawa, Canggu.
Uluwatu is a cliffy paradise for surfers and beach lovers who like lovely beaches. Despite the community’s fondness for the laid-back lifestyle here, Uluwatu is home to several restaurants, clubs, and venues for hosting large-scale events.
Even though most beachfront land is occupied by five-star hotels and opulent villas available for rent, Uluwatu still has properties available for purchase with breathtaking views. The sights are beautiful, but they come at a cost, and the cost of real estate in this region is extremely high.
A short route stands between the two neighbourhoods of Pererenan and Canggu. Many people prefer to stay here permanently because of the peacefulness and slower pace of life, as well as the great cafés, restaurants, and lovely beaches. Everything you need for a peaceful existence is right here.
Compared to the main tourist centres like Canggu, buying a property in Pererenan is cheaper, as there is a lot more land available for development right now. Ilot Property can help you source land here, or anywhere in Bali. Check out the selection of Bali villa layouts that we can build and customize to your needs anywhere on the island.
Further out from Pererenan is the stunning region of the West Coast, characterized by its beaches of black and rocky sand and coconut plantations scattered among crops. You can find many more traditional Balinese villages here, where you will experience the authentic Bali experience, go to beaches that are not crowded, uncluttered rice field views, and take in the peaceful atmosphere.
The towns of Seseh and Cemagi are increasing in popularity, but the West Coast is so extensive that it extends for several kilometres down the beach and is nestled among the verdant rice paddies of the UNESCO-protected Tabanan region. In addition, the stunningly beautiful temple of Tanah Lot attracts tourists and worshippers for its scenic sea location and wonderful architecture.
The region will continue to increase in popularity; some major resorts and enterprises have acquired hectares of land here and begun developing it. Soon, the Ciputra Resort and the Potato Head Resort will be constructed here. The most well-known luxury camping spot in Bali, Bali Beach Glamping, has become the go-to location for beachside weddings, birthday celebrations, and vacations with a large group of people.
However, the real estate prices in this area are ten to fifty times lower than those in the more touristic south.
Ubud and Gianyar are the best places to go if you want to buy a house with jungle vistas that are far away from the hustle and bustle of the mainstream touristic south Bali. Because of its reputation as a spiritual hub, visitors and long-term residents alike flock to this place in the hopes of strengthening their bond with both themselves and the natural world. It offers many cafés and a few restaurants that offer fine dining, with Aperitif Bali being one of the best options. If Michelin stars were awarded in Bali, Aperitif would almost certainly receive one or more of them.
The breathtaking scenery and verdant surroundings of the Ubud property have contributed to its meteoric rise in demand over the past several years. Living in Ubud may not provide you with access to the ocean, but beaches are not the main reason people travel to Bali.
In recent years, the real estate market in the Jimbaran and Bukit peninsula area, which also includes Uluwatu, has emerged as one of the most attractive on the island of Bali. The hilly terrain of Jimbaran provides access to a variety of Bali’s most stunning beaches, a large amount of land on which to build luxurious homes, and a developed infrastructure that makes for pleasant living.
The area boasts incredible views overlooking the Indian Ocean and enjoys some of the most spectacular year-round sunsets on the island.
Seminyak is widely regarded as one of the most important tourist destinations on the island of Bali due to the presence of five-star resorts, nightclubs, great surf, restaurants, and well-maintained sidewalks that allow for easy navigation.
Because this region is one of the tourist pioneers, it has earned huge fame, and the cost of the property market is pretty expensive. Buying land for development can be a challenge.
Kerobokan is sometimes overlooked and underestimated, even though it is close to most of Bali’s most important sites. It is an excellent, uncomplicated, peaceful neighborhood for families with convenient access to various cafés and school stores.
If you want to take your trips to the next level, you should go to Nusa Dua, especially if you are a fan of resorts and pristine white sand beaches. A huge walking route was built along the coast, connecting all of the restaurants and resorts along the way. Nusa Dua is an ideal location for family vacations, including those with young children and senior citizens.
On the other hand, living here for an extended period is also pleasant. A host of leisure-focused facilities such as golf courses, water sports, and easy access to the airport makes Nusa Dua a great option for a long-term home or investment property. The raft of 5-star resorts means the infrastructure in this area is of superior quality.
For those looking for a relaxing weekend trip or a more laid-back way of life, the East Coast is home to some of the most beautiful and well-known but less traveled locations, like Amed and Candidasa. The East coast is a great place for scuba diving and snorkeling, the drive takes you past hills and lovely valleys, and just when you think it can’t get any better, you get a glimpse of the magnificent towering mount Agung.
Even though the trip to the south can take a few hours, the scenery along the way is exquisite, and there are plenty of places to stop and explore, including cliffs, beaches, and temples.
With over 20 years of experience building luxury high-end developments across Bali and wider Indonesia, we have the expertise and local knowledge that is critical to a successful, stress-free build. We can prospect raw land for your upcoming build anywhere in Bali. And we take care of everything from surveys, building permits, and filling out tax returns to managing your finished turnkey property.
No matter where you wish to build in Bali, your first step should be to talk to the experts at Ilot Property about sourcing land in Bali to build your new dream property.
We want to make your investment hassle-free therefore we take care of everything
For maximum efficiency, we provide our customers an on-site architect studio
A dedicated, specialized engineering team adapting proven new techniques to tropical constructions.
Property development is historically Ilot Property’s primary business.
Earning you money while you enjoy life
Download our free guide which explains everything you need to know about investing in the booming Bali market
Your Return On Investment will be estimated online based on your available funding for this project and other basic criteria.
Leave your details and our expert international team will be in touch to go through the luxury developments we currently have to offer