Investing in a holiday home in Bali? Here’s what makes Bali the investor’s paradise. In the past couple of years several reasons including steady increase in capital value, guaranteed return on one’s investment and improvement in lifestyle have made Bali an ideal destination for anyone wanting to buy a holiday home.
A wide range of tourist attractions combined with good infrastructure and convenient connectivity with major cities have made the beautiful island of Bali extremely popular as a tourist destination and choice for one’s second home.
Above that, owing to the reasonable property prices, real estate investment in the island generating high regular returns, and property values continuing to appreciate even during difficult times when other cities had seen a marked economic downturn, Bali comes across as the best investment destination.
Experts in the real estate sector in Bali confirm the undeterred fact that Bali, as the most enchanting travel destination in the world, is an investor’s haven. Add to it the friendly local populace and the absence of security problems, which guarantee a completely relaxing stay. Because of the physical beauty of the island and its wide variety of attractions, Bali is seen by many experienced travelers as the ultimate island to retire too.
And while some other islands in this part of Asia can match to Bali’s beauty, they are nowhere close to the advanced medical facilities, world class connectivity and other social facilities that Bali has to offer in a platter.
For instance, there are frequent direct flights connecting Bali with many places around the world; there are several international schools; and support staff like full-time cooks, maids, gardeners, drivers, etc. is readily available and are relatively affordable. In a nutshell, Bali promises a good and very comfortable life at a very low cost.
INVESTING IN A PROPERTY IN BALI:
For working expats, future retirees, tourists and keen investors buying or building a beautiful villa in Bali is still much cheaper than buying a villa in places such as Phuket and Samui.
Investing in a villa in Bali can guarantee the investor a steady income from having it rented out when she/ he is not staying in it without any hassles or responsibilities. Plus, one can also expect a steady increase in value of the property. Experts are unanimous in their observations that buying a house/ villa in Bali will invariably guarantee an income for the months when you don’t occupy your villa yourself. With professional companies readily available to manage your property and to pay all regular expenses and maintenance costs during the time of the lease agreement can be the second best reason to invest in Bali.
Far from the maddening crowds that most global cities are witnessing today, when you decide that it’s the right time to retire in Bali, all you need to do is apply for a ‘Retirement Visa’ and start living permanently in Bali.
Having said that, one needs to look into consideration the pros and cons before arriving on a decision to buy a villa/ property in Bali. Under Indonesian law, foreigners are not permitted to have real estate/ property title in the country. However, foreign nationals can legally acquire a property in Indonesia. Investors should secure the best legal advice when securing property in Bali so that they can enjoy the full benefits and rights without any hassles.
In our next post we will discuss in details the legal aspects involved in acquiring/ buying a property in Bali.
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