Why Owning Bali Property is A Smart Investment Move
Property prices have soared in Bali over the last five years, and the island is now regarded as one of the top real estate markets in the world. In a published analysis of the 2012 global luxury property market by Knight Frank, prices in Bali’s top residential districts have risen sharply in this period, with price hikes averaging 20% in Bali, tied with Dubai. Last year, prices in Jakarta and Bali increased more than anyplace else in the globe, owing to a growing middle class in Indonesia and the region, which sees Bali as a relatively inexpensive but highly desired destination to live or own a second house.
Skyrocketing Price for Property in Bali
We have seen 20-fold increase in the value of Bali property from multiple house-owners when they sold it this year, from US$ 30 per m2 in 2008 to US$ 600 per m2 in 2013. This isn’t at all unusual. Today’s investors come from all over the world, and demand for all types of property, especially high-quality property, continues to rise.
Bali is the Ideal Overseas Holiday Destinations
Many says Bali as the tropical paradise, and it cannot be further than the truth. It’s the ideal local and international vacation spot, just a short flight away from their home in Jakarta, Surabaya, Medan, or Perth, Singapore, or Bangkok. For the family’s second home or vacation resort, it’s close but different.
Bali is a melting pot of various cultures and traditions. In today’s Bali, you may find practically anything you desire or need. Great beaches, a diverse choice of stores and restaurants, a vibrant nightlife, and a truly multi-cultural populace – a peaceful blend of Indonesians and foreigners – are just a few of the attractions. That is what makes it appealing to all. Its powerful, distinct culture, which is half devout Hinduism and partly warm, accepting Indonesian society, appeals to a wide range of individuals from all walks of life.
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Top Investment Location for Foreigners
Foreigners are the driving force behind much of the Bali real estate industry. They are drawn here by the prospect of establishing a successful business, whether selling their goods and services internationally or in the local market. Many visitors to Bali participate in the real estate sector, renting or selling rooms, apartments, and villas to tourists. The success of the property market as an investment and as a business is based on tourism. Many Bali villa complexes and hotels have returns of more than 10%.
Buying Bali Property for Expat Residences
Many Australian families, where the father works in one part of the country and the family lives in another, have relocated to Bali as a family. For example, say the father works in Western Australia and the mother and children live in one of the east coast cities like Sydney or Canberra, even Perth in the west. It’s quicker, cheaper, and a terrific experience to give kids early in life, which fits with many Australians’ adventure-seeking, outdoor culture. Businesspeople in Jakarta, Singapore, and even Hong Kong are in the same boat. It’s a little island, but it has a lot to offer visitors. Owning a property house in Bali for either permanent or long-term residence just make sense.
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The Ideal Place for Investment for Indonesian Locals
Bali is the greatest investment island in Indonesia for domestic buyers. Property values have grown rapidly and are expected to continue to rise as a result of a growing middle class with rising earnings seeking an escape from the country’s ever-increasingly crowded cities. International demand is also increasing. Bali is regarded as a reliable investment with rapid profit development and stable capital gains. Indonesia is seen as politically stable by international investors, and Bali, in particular, is seen as having a beautiful laid-back lifestyle.