10 Strategic Locations for Buying Property in Bali

The global economy stood at a standstill during the early stages of the COVID-19 pandemic. As mobility was significantly reduced due to social distancing mandates, many businesses were forced to halt or slow their activities. One of profitable and promising investment is to buy property in Bali.

Is Buying a Property in Bali a Good Idea?

Due to the global disaster, many businesses were forced to shut down or downsize. This situation led to a significant economic slump and a massive decrease in spending. Vaccine rollouts continue to occur, and herd immunity is slowly being achieved. Thus, the global economy begins to recover gradually.

With economic recovery on the horizon, 2023 would be the best time to invest in property. This is because of the steadying economic conditions, price corrections, and government aid that boost spending.

Things to Consider Before Buying Property in Bali

Owning a property in Bali needs thorough consideration. One of which is to update your knowledge with the recent policies. Different than locals, foreigners are imposed stricter rules for their property investments. However, the authorities also safeguard them from lousy property deals in Bali. Here are a few points for your consideration.

• Foreigners historically not allowed to own property in Indonesia, except buildings with a strata title.
• Now, foreigners can enter long-term lease agreements for up to 70 years.
• Foreigners cannot buy properties outright but can ‘own’ properties through long-term leases.
• To own property, individuals must determine the right exercisable over the property or land.
• Before buying a property, a Property Title Background Check is necessary in Indonesia.

A property Title Background check is crucial because it helps identify the original certificate of ownership and the legal status of the property. Besides that, the particular step will be beneficial for detecting disputes, outstanding payments, and other relevant information.

READ MORE:

• How to Choose the Right Property Management in Bali
• Tips for Selecting a Reliable Property Agent in Bali

Reasons to Buy Property in Bali

Bali, in itself, is an excellent location for many things. Buying property in Bali would be a good decision as it is an international tourist hub that continues to attract local and international tourists. Aside from Bali’s popularity among tourists, the climate for conducting business is also very hospitable. Stable prices, high demand, and dynamic conditions primarily influence it.

These factors increased property prices in Bali by approximately 25% every year. This number is expected to grow to twice the initial number within 3 to 5 years. Bali’s infrastructure is also continuously improving and is built based on culture.

The Provincial Government works hard to ensure the balance between the two to ensure that the Balinese culture remains intact during rapid development. The infrastructure is also made specifically to increase efficiency and ease for travelers and locals.

Locations to Buy Property in Bali

Seminyak

Seminyak is a step up from Kuta, filled with posh restaurants and bars. Aside from that, Seminyak also has several spas and shopping centers, making it a prime tourist spot.

Pererenan

Pererenan is a quiet region that is less developed than the others. It has ample opportunities and is projected to see tremendous growth. It is due to these reasons that property prices are on the rise.

Umalas

Umalas is sandwiched between Seminyak and Canggu, making it a prime investment spot. It still has the availability of land and holds abundant choices for investment. It is quieter and secluded, thus making it a preferred option for a large number of tourists.

Canggu

Canggu is an up-and-coming area in Bali, mainly filled with digital nomads, hipsters, and yogis. The location is excellent as the establishments within this region are relatively new. Canggu property is selling fast as demand is at an all-time high.

Tabanan

This area is expected to develop rapidly and is the center for intensive infrastructure development. The prices of property in this area have remained relatively stable. Some development plans have already begun in this area and continue attracting premium property investors.

Kerobokan

This area is much different from others on the list as it is more down-to-earth and connected to the locals. It is still very close to all the action and provides easy access to other areas such as Canggu, Seminyak, and Denpasar.

READ MORE:

• 6 Ways To Manage a Leased Property in Bali
• The Ultimate Handbook for Managing a Rental Property in Bali

Seseh

Seseh is mainly unoccupied, but there are plenty of investment opportunities for those looking. Unlike Canggu, Seseh is relatively untouched. Thus, it is a strong contender for early bird investors looking to have properties in less famous regions.

Uluwatu

Uluwatu may be considered one of the safest options as it has some luxury spots and exclusive properties. It has several hidden beaches and is a Mecca for surfers worldwide. Look for the beautiful beach property in Bali.

Ubud

The lush jungle surrounding Ubud has become a sanctuary for many digital nomads, home to Bali’s rich culture and rice fields. Ubud has several co-working spaces which attract those who are there to work. Ubud is one of the most popular tourist destinations, making it an excellent investment region.

Sanur

Sanur, Bali, is perfect for those who are already aged. It offers a slower ambiance and lifestyle compared to the bustling nature of other regions. The location is continent and is packed with all the relevant facilities. Rentals within this area have increased revenue in recent years.

Find Your Desired Property with InCorp Indonesia

Foreigners looking to decode the complicated agrarian laws to buy property in Bali can contact InCorp for assistance on company registration and land & house ownership. Feel free to let us know what you’re looking for by filling out the form below.

Buying property in Bali with InCorp Indonesia can be a smart move for several reasons:

• Expertise: They know the ins and outs of the Indonesian real estate market, especially in Bali, and can guide you through the process.
• Legal Compliance: Indonesia has rules about foreign ownership. InCorp Indonesia ensures you’re following them, avoiding legal issues later.
• Local Knowledge: They understand Bali’s different regions and can recommend the best spots to buy based on your investment goals.
• Comprehensive Services: Besides helping you buy, they can assist with property management and tax planning, offering a one-stop solution.
• Network and Resources: They have connections in the real estate industry, providing access to a broader range of properties, including exclusive listings.
• Risk Mitigation: InCorp Indonesia reduces risk by conducting thorough checks on properties and offering clear market information.
• Customer-Centric Approach: They focus on your needs, tailoring their services to give you a smoother and more personalized experience.

With InCorp Indonesia, you get expert advice, legal guidance, and a team that helps you make the most of your investment in Bali.