Bali is one of the destinations for local and foreign tourists, along with the times and easier transportation, many Indonesian people are also starting to be interested in traveling to the Bali island.
And since Bali island is often visited by tourists, many investors are starting to look at areas in Bali to be used as property investments now. It’s no wonder why Bali is one of the best areas to invest in.
Before deciding to invest in Bali, there are several aspects that need to be considered. The aspects include whether the area is near a tourism area and whether the area is close to public facilities such as banks, hospitals, etc.
Also read: 8 Investment Opportunities in Bali
Investing property in Bali must know the right location because if you invest without considering it, the results that we invest will not be optimal.
In general, investment in the Bali area is very good, but there are certain areas that are currently the most profitable. This is because the area is located in a well-known tourist area so that many tourists come and need accommodation, both villas, hotels or homestays.
Also read: Bali Property Market: 2024 Outlook and Insights
Which areas are currently suitable for property investment in Bali?
1. Jimbaran
The first good place in Bali for property investment is Jimbaran. This is an area that is currently starting to be crowded with residents in the southern area of Bali island. This area is very strategic area because it is close to I Gusti Ngurah Rai International Airport which is about 15-20 minutes away. Jimbaran is famous for its beautiful beaches and seaside seafood restaurants.
The advantages of this area make the tourists interested in staying in Jimbaran. You can also rent out your property to become an inn or villa for newcomers in Bali. Furthermore, providing boarding houses is also very promising because this area is also close to a well-known university in Bali, namely Udayana University.
Also read: Reasons Why Owning Property in Bali is Very Profitable
2. Seminyak
Seminyak is one of the prime locations in Bali, apart from being known as a very expensive location, this location is a dense and complete tourism area with facilities such as hotels, spas, restaurants, bars, cafes and shops. This area also has lots of access to beaches, such as Double Six Beach, Kuta Beach, and Kudeta Beach.
We can see that many foreign and local tourists are looking for hotels or villas in this area to spend the night.
Also read: Things You Should Know Before Buying Property in Bali
3. Sanur
Sanur is located in the southern part of Denpasar City, famous for its beach, namely Sanur Beach which is well known by local people, local tourists and foreign tourists because it has very calm waves suitable for you and your family to play on Sanur Beach.
Besides being famous for Sanur Beach, this location is very strategic, only 10 minutes to Denpasar city and 20 minutes to Ngurah Rai Airport. This area is also supported by the many culinary delights in this area with Balinese specialties. Most importantly, property prices in this area tend to be cheaper when compared to other prime areas in Bali.
4. Ubud
The next best place for property investment in Bali is Ubud. This area has a characteristic because it is located in the highlands and is famous for various traditional crafts and Balinese dances and also this area is very beautiful because of the scenery, which is very wide rice terraces surrounding the Ubud area.
Many villas in Ubud are targeted by investors to be rented out or resold later at a much higher price.
Also read: Buying Property in Bali for Foreigners?
5. Canggu
Named the 4th best place to live and invest overseas by Forbes, this trendy vacation destination is loved by tourists and expats alike for many reasons. Among these are its ability to accommodate a wide range of lifestyles, from yoga enthusiasts and laid-back hipsters to digital nomads and foreign investors, as well as the availability of the most abundant villas in Bali.
Development is occurring rapidly, especially in Berawa and Batu Bolong where large construction and new buildings appear frequently. Properties for sale in Canggu sell fast as there are many opportunities available and property prices are on the rise, so the best strategy is to do property investment in Canggu as early as possible. Echo Beach also has many villas within walking distance of its beach, both leasehold and freehold, for sale in Canggu.
6. Pererenan
A little further north from Echo Beach, Pererenan is an excellent alternative if you don’t like the hustle and bustle of its neighbors. Pererenan is not yet as developed as Canggu but new restaurants and cafes are popping up, so it’s safe to say that this area will catch up sooner than expected.
Villas are a mainstay investment in Pererenan, as there are only a few hotels and resorts available at the moment. There are still many empty rice fields available along the main road to the beach and famous surfing spots. Until now, villas in Pererenan are still cheaper than villas for sale in Seminyak or Berawa and this is one of the best places to find cheap villas for sale in Bali.
Also read: 7 Reasons and Advantages for Starting a Business in Indonesia
7. Umalas
A favorite among expatriates due to its strategic location and less crowded atmosphere, Umalas is a great alternative to Seminyak and Canggu as it is located in between. Umalas is a prime location to invest in rice field view villas, as there is still plenty of land with great views and the area is a popular choice for holiday villa rentals and family residences.
It’s quieter than its neighbors because Umalas is not a holiday destination and only certain places, like Nook, attract large crowds. Traveling from Umalas is very convenient as Petitenget and Berawa can be reached quickly via small roads. Umalas tends to be the first choice for foreigners looking to rent a house in Bali.
8. Bukit Peninsula
This once-barren surfer’s paradise is also thriving, fueled by the presence of high-end tourist spots that attract crowds of tourists to its limestone cliffs. Five-star resorts, luxury villas and luxury nightclubs dot its cliffside, with more to come in the next few years. Villas for sale in South Bali are generally located in this area rather than Nusa Dua, usually in the form of private villas with sea views.
Investing in the Bukit Peninsula should be done early while property prices are still reasonable and there are still great land options with stunning views in Uluwatu, Ungasan and Balangan. The quality and availability of essential facilities have also improved, so living comfort will not be a problem in the long term.
Also read: Things to Consider When Starting a Business in Indonesia
9. Kepulauan Nusa
This trio of islands is similar to the Gili Islands in Lombok, being a holiday destination detached from the main island. Nusa Lembongan and Ceningan have been catering to adventurers and travelers from all over with spectacular hidden beaches for years, but they have recently added beach clubs and hotels to their offerings.
Nusa Penida is fast catching up with its two sister islands, judging by the huge jump in the number of short-term rentals in the last 3 years. Nusa Penida is often overlooked by foreigners looking to rent land in Bali, but the significant size difference with Lembongan and Ceningan is sure to come in handy for long-term investment as development progresses further.
Those are the 9 best areas to invest in Bali. Each of these areas has its own characteristics that are profitable for investment, and some of them are among the best locations to buy property in Bali at the moment.
So, if anyone asks is buying property in Bali a good investment? the answer is yes!
For a smoother property acquisition process, foreigners can proceed with PMA registration. Establishing a PT PMA in Bali entails numerous requirements and processes. To simplify the PMA registration and accelerate the property acquisition process in Bali, you can rely on InvestinAsia’s service. We offer PMA Incorporation for Foreign Property Acquisition.
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