There are more villas in Bali for sale right now than ever before. This is hardly surprising, as Bali is one of the most popular global holiday destinations for property investors. High return on investment, great food and weather, an affordable cost of living, a unique local culture, and a diverse expat population, all add to Bali’s desirability as a location to live in and invest. From luxury clifftop villas in Uluwatu with stunning ocean views, to tranquil homes in the mountains of Ubud, or modern townhouses close to the prime tourism areas of Canggu – Bali has it all. In this guide, we discuss everything you need to know about finding the best villas for sale in Bali and making sure you make the right investment.
Understanding the Bali Property Market
In the Bali property market, there are a diverse range of options to suit all types of buyers. From first-time purchasers to experienced investors, there are suitable properties for everyone. Before you decide to invest in Bali real estate, read our comprehensive guide:
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Foreign Ownership Regulations: Foreigners cannot own freehold property in Indonesia. This is a right reserved only for Indonesian citizens. Foreigners can acquire property using a number of other means, including leasehold agreements, Hak Pakai agreements, or setting up a local PMA company and purchasing the property under a HGB title. For more information refer to our guide on foreign property ownership in Bali.
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Investment Potential: Bali remains a highly desired tourist destination, and with the number of long-term expatriates living on the island growing every year, the demand for villas has continued to rise. Property investors are attracted to the Bali market by the potential for great rental returns. The Bali rental market frequently boasting high occupancy rates throughout the year and favourable annual ROI percentages which outperform many investors home markets
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Location Matters: Different areas in Bali offer different benefits, whether it’s proximity to the beach, access to cultural landmarks, or privacy and seclusion in an inland setting. Residential properties will also offer more variety of locations to choose from than villas that will be only utilised as a rental property. Clearly define the purpose of your villa before you buy and make sure the location is suitable.
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How to Buy a Villa in Bali as a Foreigner
The decision to own property in Bali can be very exciting, but navigating the legal landscape can be complex for many foreigners.
Understanding Leasehold vs. Freehold
Bali real estate laws dictate foreigners can only purchase a property under a leasehold agreement, where the land is rented for a specific period (usually initially 25 years with an option to extend). Freehold title is means of ownership only available to Indonesian nationals. There are other options where foreigners can structure something analagous to freehold ownership, through a PT PMA company and using HGB title, or a Hak Pakai title.
Work with a Trusted Real Estate Agency
Working with an experienced agency like Casenta Property, is crucial to make sure your investment is safe and legally compliant. We will guide you through all aspects of the purchase, from start to finish, and make sure you are aware of any risks or potential problems
Do Your Due Diligence
Before finalising any purchase, it is essential to conduct thorough due diligence with a reputable notary. They must check the property ownership, building permits, the access road, and zoning regulations to ensure there are no legal issues that may jeopardise your investment.
Finalising the Purchase
Once all checks are complete, it’s time to sign a legally binding sales and purchase agreement and make payment.
Key Considerations When Assessing Villas in Bali For Sale
Before deciding on investing in Bali property here are some essential things for you to consider:
Location & Accessibility: Check the area where the villa is located. Make sure there is good road access, cafes and restaurants, and easy access to supermarkets and general daily amenities. Access to tourist attractions is also worth considering if you plan to rent.
Quality of Construction: Bali’s climate will inevitably cause wear and tear on buildings. Make sure that the villa is well-constructed by a reputable contractor using quality materials. Whenever possible, check the reputation and previous works of the developer, and consider getting a 3rd party inspection before you buy.
Future Development Plans: Any new constructions or infrastructure can increase property values, but may also impact the peacefulness of your villa and the overall vibe of the neighbourhood. Your rice field view is often not guaranteed and may be gone sooner than you think. It’s best to consider and plan for all possible outcomes.
Rental Potential: If you’re buying with the intention of renting out the villa, check the area’s rental demand and whether the villa meets the expectations of tourists in terms of design, amenities, and location. Also double heck the zoning and licensing requirements to ensure the villa can be legally rented.
Taxes and Fees: Property taxes in Bali are relatively low compared to other countries, but buyers should still be aware of the additional fees, such as notary costs and legal fees.
Types of Villas For Sale In Bali: Which One Will Be Ideal For You?
Before you try to decide which property is right for you, you need to know what types of villas are available and what the costs involved are.
Luxury Villas
Some of the finest properties available in Bali are luxury villas. These villas often boast expansive ocean views and ideal locations such as exclusive beachfronts or vast jungle estates. With the finest furnishings, they possess private swimming pools, staff quarters, and extensive patios. Bali luxury villas provide the highest experience of what the island has to offer.
Boutique Villas
They can be smaller, but certainly no less stylish, and often in chic locations like Canggu or Ubud. Because of their simplicity in style, these modern villas feature everything you need in a Bali villa with out the excessive frills.
Investment Villas
These holiday rental houses are designed to entice tourists and maximise rental returns with minimal costs. Usually situated in hot tourist locations, these types of properties come with durable furniture for the high turnover of guests, and private staff.
Popular Areas to Find Villas in Bali for Sale
Bali is home to many different and diverse neighbourhoods, each offering its own way of life and a unique property experience. From the booming social scene of Canggu to the peaceful mountains outside Ubud, there is a spot for you in the Island of the Gods.
Canggu
Popular amongst digital nomads and surfers, Canggu is rapidly becoming one of the island’s most desirable areas. Villas here tend to have a more modern, bohemian style, and offer a mix of tranquility, access to great shopping, restaurants and cafes, and vibrant nightlife.
Seminyak
Seminyak has a seasoned reputation as Bali’s premier upscale beach destination, and is well known for its luxurious villas, trendy beach clubs, and high-end dining options. Villas in this area are typically larger and more expensive but can still offer excellent rental returns due to their popularity with tourists.
Uluwatu
Famous for it’s towering limestone cliffs and world-class surf spots, Uluwatu is perfect for buyers seeking luxury and exclusivity. Villas here are often large, luxurious, and cater to those looking for a peaceful lifestyle away from the busier parts of the island. The desirability of this area means it is rapidly gentrifying, with top restaurants and cafes opening on a daily basis. In light of this, developers are currently building a wide array of new properties catering to all categories of buyers
Ubud
For those drawn to the jungle and Bali’s spiritual heart, Ubud offers villas surrounded by lush rice paddies and rainforest. This area is perfect for those looking for tranquility, culture, and wellness. World class dining and exceptional local cuisine are also abundant.
Why Now is the Perfect Time to Buy a Villa in Bali
The Bali real estate market continues to rise in 2024, with increasing demand from both tourists and investors. Here’s why you should consider purchasing a villa now:
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- Tourism Growth: Bali’s tourism industry is recovering rapidly, and as travel returns to normal levels, the demand for rental properties is increasing. Owning a villa gives you the chance to benefit from this surge.
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- Value Appreciation: Property values in Bali have historically appreciated over time, especially in high-demand and growing areas. By buying now, you stand to benefit from long-term growth in property values.
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- Favourable Currency Exchange: For many international buyers, currency exchange rates can make Bali property even more affordable, making it a cost-effective time to invest.
Conclusion: Find Your Dream Villa in Bali Today
Whether you’re looking for a luxurious beachfront villa or a tranquil home in the heart of Bali, Casenta Property is here to help you invest in Bali property. We offer a wide range of villas in Bali for sale, carefully curated to meet your preferences and investment goals.
Contact us today to start your search and turn your Bali dream into reality.
Ready to explore your options? Browse our comprehensive list of villas for sale in Bali and discover the perfect property to suit your lifestyle.