Top Five Reasons to Buy a Property in Bali
Bali, known as the "Island of the Gods," has long been a dream destination for travellers seeking a slice of paradise. But beyond its allure as a tourist hotspot, Bali is also an increasingly attractive location for property investment. Whether you're looking for a vacation home, a rental property, or a retirement haven, here are the top five reasons to buy a property in Bali.
Booming Tourism Industry
If you’ve ever told someone you’re going to Bali, you’ll already know it’s met with a chorus of ‘Ooooh’s’ and ‘Arrrrrh’s’, and with good reason. Tourism is a major driving force behind its real estate market. Almost 10 million international people visited Bali in 2023, and they all needed somewhere to stay. Investors can capitalise on this by purchasing villas or apartments to rent out to tourists.
The year-round demand for rental properties makes Bali an ideal location for investment in rental properties and your budget could go further than you think with the best exchange rates on the market with us. Platforms like Airbnb and Booking.com have made it easier than ever to manage rentals, potentially generating a steady income stream.
Affordable Property Prices
Compared to many Western countries, property prices in Bali are remarkably affordable. While prices have been rising steadily, they remain accessible, especially in areas outside the main tourist hubs of Kuta, Seminyak, and Ubud. With Bali's tourism sector showing no signs of slowing down, property values are likely to appreciate over time.
This affordability extends to the cost of living as well. Day-to-day life in Bali will cost a fraction of the amount found in many Western countries. From dining out to healthcare, the low expenses make Bali appealing to both tourists and investors.
High Rental Yields
One of the key attractions for property investors in Bali is the potential for high rental yields. Due to the constant demand from tourists and expats, rental returns on properties can be very lucrative. Villas tend to be a popular choice as many investors report annual rental yields of over 15%, which is significantly higher than what is typically seen in more mature markets. Places like central Canggu and Uluwatu are popular right now, but there are gems to be found all over the Island.
Bali is also a popular destination for digital nomads, gap-year students and long-term travellers means there is also a strong demand for longer-term rentals that provide consistent income. This diversity in rental opportunities allows investors to tailor their investment strategies to suit their preferences and financial goals. Have a chat with one of our currency experts to discuss how we can help you make the most of your money in Bali.
Exotic Landscapes and Natural Beauty
Bali's natural beauty is legendary. From its pristine beaches and coral reefs to its lush rice terraces and volcanic landscapes, the island offers an unparalleled environment for those seeking an exotic lifestyle. Owning a property in Bali means having access to world-class surf spots, tranquil yoga retreats, and vibrant cultural festivals, for you, or for your potential renters.
The Balinese way of life, known for its warm hospitality and rich traditions, adds to the island's charm. For those looking to escape the hustle and bustle of city life, Bali provides a serene and culturally enriching environment. The sense of community and the opportunity to immerse oneself in local customs make living in Bali a unique and fulfilling experience.
Favourable Investment Climate
The Indonesian government has made significant strides in making the property market attractive to foreign investors. Recent regulatory changes have simplified the process for foreigners to buy and own property in Bali.
Moreover, Bali's infrastructure has been continuously improving, with better roads, healthcare facilities, and international schools catering to expats. The growing network of co-working spaces and reliable internet connectivity also make Bali an appealing destination for remote workers and entrepreneurs. There’s so much potential for so many people to live and work in Bali, making it a great place to buy property right now.
For more about buying property in Bali and securing the best exchange rates, get in touch with our currency experts who will happily discuss how you can make the most out of your money in Bali.