Bali is a small Indonesian island with a coastline that is one continuous beach for year-round recreation in a tropical climate. Interest in the island is growing among foreigners precisely because of its tourist appeal and relatively affordable cost of Bali property for sale.
Advantages of Buying Bali Real Estate
Buying real estate in Bali provides many advantages. Here are the main ones:
- Affordable prices. The real estate prices in Bali are lower than in other popular resorts in the world. This makes buying real estate in Bali a profitable investment.
- Rental potential. Tourism in Bali is actively developing, which means that real estate can easily be rented out, receiving a stable income.
- Developed infrastructure. The island has modern schools, clinics, restaurants and shops, which makes it attractive for families with children.
- Unique lifestyle. The opportunity to live near the ocean, surf, practice yoga and enjoy a calm atmosphere.
- Investment attractiveness. Real estate in Bali continues to grow in price, which makes it profitable for long-term investment.
Popular Areas of Bali for Foreigners to Buy Property
There are several areas in Bali that are particularly popular with foreign buyers. Let's take a closer look at them along with prices for the main types of property:
| |
Average villa price |
Apartments and studios |
| Seminyak |
$150,000–$500,000 |
$80,000–$200,000 |
| Canggu |
$120,000–$400,000 |
$70,000–$180,000 |
| Ubud |
$100,000–$350,000 |
$60,000–$150,000 |
| Nusa Dua |
$200,000–$700,00 |
$100,000–$250,000 |
| Denpasa |
$90,000–$300,000 |
$50,000–$120,000 |
How to Buy Real Estate in Bali
Buying a house in Bali is not so easy, as the local market is different from most countries. Foreigners can only purchase property on the island through certain legal mechanisms due to the limited area of the island.
Step-by-step process for buying property in Bali:
- Decide on the type of ownership. Choose the most suitable form: leasehold or right to use (Hak Pakai). If you want to own the property through a company, open a PT PMA.
- Selecting a property. You can buy property in Bali either by independently studying the local market or with the help of a professional agent or agencies. Check the condition of the property, location and infrastructure of the area and make sure that the property is not encumbered (debts, disputes).
- Checking the legal purity. Hire a qualified lawyer to check all the documents: title, lease agreement, consent of the owners (if they act through intermediaries).
- Agreeing on the terms of the transaction. Negotiate with the seller on the price and conditions and make sure that all the details are spelled out in the contract: the amount of the transaction, the lease terms, the possibility of extension.
- Concluding a preliminary contract. Draw up a preliminary agreement on your own or with the help of a lawyer, which includes the terms of the transaction, the amount of the advance payment, and the terms of the final payment.
- Pay the advance payment. At this stage, a deposit is made (10-20% of the price). Transfer the agreed advance payment amount to the seller's bank account. It is important to use Indonesian bank accounts for the transparency of the transaction.
- Register the transaction with a notary. The notary prepares the contract and checks the legality of the transaction. The signing of the leasehold or use agreement (Hak Pakai) takes place in the presence of both parties.
- Register the property. The documents are sent to the land registry (BPN) for official registration. At this stage, taxes and registration fees are paid.
- Receive the documents. You receive the registered documents confirming your rights (lease agreement, certificate of right of use, or other documents).
