5 reasons why you should invest in Bali’s property now

Bali is not just a beautiful island to visit; it’s also a fantastic place to invest in real estate. 

Let’s dive into why investing in Bali’s current property market is a smart move.

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#1 Tourism Boosts Real Estate

Tourism is super important in Bali. By March 2023, over a million tourists had visited the island​​. 

This means many people need places to stay, which makes renting properties very popular.

Areas like Seminyak, Canggu, and Ubud are very popular with tourists​. 

These places have many attractions and activities that tourists love. Because so many people want to stay in these areas, property owners can charge more for rent, which helps them make a lot of money from their properties.

If you own property in these hot spots, you can rent it to tourists and earn good rental income. 

The high demand for rental homes in these areas makes it a smart investment. Plus, as more tourists visit, the value of your property can go up, making it worth even more over time

#2 Strong Economy: A Solid Foundation for Your Investment

Are you worried about investing in a shaky market? Well, let me tell you about Bali’s economy. 

It’s growing fast, and that’s great news for your investment!

Think about it: when a place’s economy is strong, more people want to live and work there. That means more people looking to buy or rent homes. 

And guess what? That’s exactly what’s happening in Bali right now.

Experts say Bali’s economy grew by 5.98% in the first quarter of 2024 and is expected to continue growing. That’s a big number! It means businesses are doing well, and people have money to spend.

You might wonder, “What does this mean for me as an investor?” 

Here’s the scoop: property prices tend to go up when the economy is strong— so the home you buy today could be much more in the future. 

Picture: Yearly revenue from the property in Bali after COVID

Plus, with more people looking for places to live, you’ll have an easier time finding renters if you decide to rent out your property.

But it’s not just about the money. A strong economy means the area is stable. 

You won’t have to worry about your investment losing value because of economic problems. Instead, you can relax knowing your money is in a safe place that’s likely to grow.

So, if you’ve been on the fence about investing in Bali, the strong economy is a big reason to take the leap. Property demand and your investment’s value will likely keep growing

#3 Seasonal Influence on Bali’s Property Market

Investing in Bali can benefit not just during the busy tourist seasons but also year-round…

Here’s why… 

Even though there might be fewer tourists in some months, Bali is never really quiet. 

With many cultures and local ceremonies, Bali always has something to offer— like Nyepi (a day of silence). 

Then there’s Ramadhan and Idul Fitri, busy with family gatherings and travel​​.

But that’s not all. 

Bali also attracts tourists from Asian countries, like India and China, who come for their big festivals, like Diwali and Chinese New Year. 

With a mix of international and local tourists, your investment can pay off big time.

The island’s endless stream of tourists, driven by its rich culture and festivities, guarantees that your property will always have guests. 

#4 Better Infrastructure

Bali is getting some great upgrades! 

The island is working on improving its roads and internet, which makes it much easier for people to live and work there 

Here are some examples:

1. Gilimanuk-Mengwi Toll Road: It aims to facilitate smoother travel from the western part of Bali to the more populated areas in the south
   
2. Bali Light Rail Transit (LRT) System: The LRT aims to alleviate traffic congestion and connect Ngurah Rai International Airport to popular tourist destinations like Kuta, Seminyak, and Canggu. 
   
3. Benoa Port Transformation: Improvements include expanded passenger terminals capable of accommodating up to 3,000 people and extended docks to facilitate larger cruise ships.
   
4. North Bali International Airport (NBIA): This proposed airport in North Bali aims to decentralize tourist arrivals. NBIA is expected to create new opportunities for tourism and local businesses.

But that’s not all. Bali is also improving its internet, becoming a top spot for digital nomads and remote workers.

So, Bali should be at the top of your list if you’re considering where to invest your money. 

The island’s better roads and internet are making it a fantastic place for people from all over the world. 

#5 Easier for Foreigners to Buy

We get it – buying property in a foreign country might seem a bit scary. 

You might worry it’s too complicated or you won’t find the right place. But here’s the good news: Bali is making it easier for foreigners to buy property.

And the best part? There are so many different kinds of properties to choose from!

You can even find commercial properties like office spaces and shops. This means you can pick what suits you best. 

Whether you want a fancy vacation home, a rental property to earn extra cash or a business space, Bali has you covered.

Having all these choices is awesome because you can find exactly what you need for your investment. 

#6 Great Investment Choices

Bali isn’t just about the well-known spots. 

Popular areas like Seminyak and Canggu are always good investments because they are well-known and attract many tourists. 

There are also up-and-coming areas like Kedungu and Uluwatu. These places are growing quickly and becoming more popular.

Think about it—buying a property in a rising area means getting in early before prices increase. As these areas develop and attract more tourists, the value of your property could increase significantly.

Conclusion

Investing in Bali’s property market can feel like a big step, and it’s normal to have concerns. But remember, Bali is growing in all the right ways. 

The economy is strong, and tourism is booming, which means more people will need places to stay. 

Bali’s infrastructure is improving with new roads and an improved internet, making it an even more attractive place to live and work.

It’s also getting easier for foreigners to buy property here. 

And the great part? You’re not alone in this journey. Many others have successfully invested in Bali and are reaping the benefits.

With the right information and support, you can make a smart investment that pays off for years to come. 

If you have any questions about starting your investment journey in Bali, we’re here to help.

Also read : 11 Things You Need to Know Before Investing in Bali