Property investment has a balanced increase rate with inflation. Furthermore, the value will continue to increase every year stably and it can be rented for passive income.
The large number of tourists coming to Bali has made accommodation businesses in Bali grow. Property investment in Bali has become a trend in various groups because Bali is known as the best place for a tourist destination and many have even become a mandatory list in life to be able to vacation in Bali, especially live in Bali.
Also read: Bali Property Market: 2024 Outlook and Insights
Here are some reasons why owning a property in Bali will provide benefits:
1. International Travel Destinations
The enchantment of the natural beauty of the Bali island is very famous throughout the world. This makes tourists from various parts of the world keep coming to Bali and makes the need for accommodation on this island increasing.
Also read: Buying Property in Bali for Foreigners?
2. Ever-Increasing Tourists
After the Covid-19 pandemic, the number of tourists visiting Bali increased very significantly. It’s no wonder that Bali has been named as a property business investment land that is very profitable and has good prospects. In the property investment business, the role of tourists will certainly be a determining factor because it opens up bigger opportunities for profit.
3. Property Investment Business Climate Improves
Known as a world tour that continues to be visited by tourists from various countries, the property business climate in Bali continues to improve. This business climate is usually influenced by several factors, such as the number of consumers, price stability, and specific conditions that can attract profits. This also makes property prices in Bali continue to increase. It can still double over the next three to five years. For this reason, buying property in Bali will be very suitable for long term investment.
Also read: Things to Consider When Starting a Business in Indonesia
4. Property Development Increases
The business climate that continues to improve makes property development in various regencies and cities in Bali also increase. Now, more and more hotels and villas are scattered on the island of Bali to support tourism. Not only that, the accommodation is also equipped with various facilities to support tourists. This increasing property growth has also made Balinese architecture increasingly recognized and used in various buildings.
Also read: Can Foreigners Buy Property in Indonesia?
5. Culture and Infrastructure Development
Not only property, infrastructure on the island of Bali also continues to be built on a cultural basis. Even though it continues to carry out development, the provincial government of Bali continues to maintain the balance of nature and culture by implementing risk management. This is to avoid negative impacts on nature in Bali so that the authenticity of Balinese nature and culture is maintained. Infrastructure development that continues to be carried out will certainly make it easier for people and tourists to travel and carry out various other activities.
Also read: Things You Should Know Before Buying Property in Bali
6. Low crime rate
As a famous tourist destination, Bali is a place that has a relatively low crime rate. This is because Balinese people have the concept of karma in their culture and they really believe in it. For the Balinese, doing bad things to other people will result in bad things for them, and vice versa if doing good things will result in good things.
From the points above, it can be concluded that Bali is the right answer for long-term property investment. The six things above are guaranteed to make your long-term investment in Bali more profitable.
Also read: 7 Reasons and Advantages for Starting a Business in Indonesia
If you have read this, are you still unsure about starting a property investment on the island of Bali?
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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