Why and Where in Bali should I invest
As Bali is on the rise, you want to be one of the 1st investors, as you don’t want to be the late bird with no worms to catch.
With Bali’s rapid development rate not only as a island but in real estate it bids the question not how do I invest but where?
Bali offers all sorts of magical forms of escapism such as spending hours surfing the waves, the tropical climes and spiritual awakenings.
Bali is truly a paradise, which once you have visited it, you will often hear the island of Gods calling you back. Why not spend your days where the sun always shines, people are always friendly and your soul is always happy?
With the Indonesian Rupiah at an all time low, expats and investors will benefit from a ‘Power Purchase’, being able to live in Paradise for a really low price, but will definitely see your returns as the property market continues to climb by as much as 20% a year in land value since the early 2000’s.
As Bali has been voted the top destination for investment in Asia recently, the government re clarified the legal framework to make it much more easier and convenient for expats to purchase land such as,
Hak Pakai – Right of use – which is relevant to Foreigners.
Hak Sewa – LeaseHold – most popular way for a Foreigner to purchase land, with the option to extend.
Hak Guna Bangunan – Right to build – Relevant to Locals and Indonesians
Hak Milik – Right to own – Relevant to Locals abs Indonesians
With the above terms, it is important you work with reputable property companies, who can assist you and explain the above terminology better and help you find the right property. www.xpbali.com
Where in Bali?
Location is imperative when purchasing property, not only for yourself but especially if it’s for investment reasons. We personally recommend buying as close to the ocean as possible.
Due to the uncontrollable development in popular areas such as Seminyak and Petitenget which has only shot the prices through the roof on Hotels and Villas, we also recommend looking at areas such as Canggu, Bukit/Uluwatu, Ubud and Lovina as these places are really good bang for your buck.
Seminyak being rated as one of the most expensive areas to purchase property, it is however still one of the places to be. Especially if you love the night life, great coffee and are a foodie. With night clubs such as La Favailla, Rumors and Envie to name a few. The recently opened Coffee Club in Legian and Revolver cafe, being one of the best coffee spots in a hidden gang and a street known as eat street – which is pretty self explanatory, this is definitely an extroverts world and now .
Jalan Kanu Aya, aka Eats street is also full of markets and shops for the shopaholics, there is always something you need in that one shop you have already walked by 100 times before. You never get bored of shopping.
In Saying that, as busy as it might sound, villas are often tucked away down little gangs where the only sound keeping you awake is a Tokay Gekko.
Canggu is definitely your next best bet as it is an up and coming area, an area you want to buy into now, with the price of property have had a great increase in value within last 12months. Villas and Hotels are just popping up by the second. This is an area you will definitely get your monies worth.
Canggu is spoilt for choice when it comes to beaches and restaurants situated on the beach. You have beaches such as Berawa Beach, Perenenan beach, Batu Bolong Beach, Echo Beach and Nelayan Beach.
You also have Batu Bolong Street with small cafes, which gives you the opportunity to walk and café hop and try new restaurants without having to sit in traffic.
Canggu is also well known for Finns Beach club, where you will often hear people speaking about popping in for sundowners and a swim.
If you are as fitness crazy as I am, you are in the same area that the infamous Cross fit Wanderlust and Bali MMA are in, so popping into gym and getting your workout in before your day starts will be really convenient for you.
Uluwatu/Bukit is an area that isn’t as developed as Seminyak and Canggu, but is on the up and is still beautiful. It isn’t in the hustle and bustle of Bali but is still a surfers paradise. You will find some of the most extravagant villas on the cliff here in Uluwatu overlooking the ocean. If the ocean isn’t beautiful enough to stare at, you are blessed with beautiful sunsets, which you can stare at as it kisses the ocean good night.
If you enjoy the peace and quiet but also enjoy the odd surf and a sundowner, Single Finn is the place to be. After enjoying the big blue, catch a sundowner and watch the other surfers ride those waves in. Omnia and Karma Kindara are also a must if you buy in this area.
If you are a foodie, The Loft and Cashew Tree just to name a few are popular and won’t let you down.
Ubud for me represents Bali, Ubud is Bali – still tropical and primitive. Ubud is great if you are looking to invest in property for retirement reasons, as it is very quiet and development is still slow. You are sure to pick up some gems when it comes to villas at a really affordable price.
Ubud is surrounded by small villages which are all known for their own specialty I.e wood carvings, statues, art to mention a few.
Ubud has the most beautiful rice paddy’s, Tegallalang being the most famous one in ubud. You are right by the monkey forest, and close to temples such as the elephant cave. Definitely a place for those seeking a spiritual journey.
Lovina, North Bali:
Lovina being number 5 on our highly recommended areas to invest in, it is mostly known for its black sand beaches, coral reefs and dolphins, this is a beautiful area too. This is roughly a 3hour drive from the south of Bali and has its own beautiful characteristics.
Uluwatu being known for its sunsets, Lovina is greatly known for its breath taking sunrises.
A sunrise you will greatly appreciate as you catch a boat out to go Dolphin watching for the day and maybe even snorkeling.
Lovina not known for its up roaring night life, but rather it’s rows of cafes and famous seafood restaurants, this is an area which sums up bliss.
For help to find your beautiful villa in an area of your choice, feel free to contact us here at Xclusive Property to meet with one of our sales staff. Www.xpbali.com
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