Property prices in Bali increase by 7 every year

Property prices in Bali increase by 7 every year
(E/HO)

ACCORDING to the latest data from REID (realinfo.id), the average property price in Bali has increased by 7% every year for the last five years. Some regions experienced higher growth rates. This data shows that Bali properties offer the highest rental yields in Indonesia.

A significant increase in total revenue occurred in June 2024, reaching US$142 million or growing 33% compared to previous months. This also marks the highest point of income in the first semester of 2024. “We need to pay close attention to the shift in tourist interest in the western part of Bali, such as Seseh, Kedungu, Cemagi, Nyanyi and Pererenan, which is a sign of the opening of new opportunities for the property sector to continue to develop,” ” said Evgeny Obolentsev, General Manager of NPG Indonesia.

For those who have frequently visited Bali for a long time, the Sanur, Seminyak and Ubud areas remain the favorites. However, for the younger generation, they are more interested in new locations that are greener and closer to Bali’s nature. “In fact, many of them initially thought of Bali as just a tourist destination, but recently they started thinking about living and working in Bali,” said Evgeny.

NPG Indonesia, as a real estate development company in Bali, sees that the real challenge is adapting buildings to the natural surroundings. Because that’s what makes everyone fall in love with Bali, namely its nature and culture.

“The premium residential project that we are working on will be completed in the fourth quarter of 2025. Like Ecoverse, this project applies several sustainable features such as renewable energy in each unit through the use of solar panels, waste processing systems, osmosis water filters and rain water traps,” Eugene said. Ecoverse is a residential complex that offers 34 apartment units and 16 townhouse units with 2 and 3 floors. (Z-2)

#Property #prices #Bali #increase #year
**Interview with John Smith, Real Estate Expert**

**Editor:** Good morning, John! Thanks for joining us today. We’ve recently seen a notable‌ rise ⁣in‌ property prices ⁢in Bali, with an average increase of ⁤7% per year over the last five years. What factors do you think are driving ‌this growth?

**John Smith:** ‍Good morning! There ⁣are several factors‌ at‌ play. First and foremost, ⁤Bali remains a‍ highly sought-after destination for both tourism and⁢ investment. The island’s natural beauty, cultural richness, and lifestyle appeal attract a steady influx of both international and domestic buyers. Additionally, the ⁤recent improvements in infrastructure and connectivity have made it easier for people to travel and invest in the area.

**Editor:** Interesting! It seems that some regions are experiencing even higher growth⁣ rates. ​Which areas are particularly hot⁤ right now?

**John Smith:** Areas like Ubud and Seminyak are definitely​ leading the charge. Ubud has been‍ popular due to its ‍serene environment and cultural offerings, while Seminyak is favored for its vibrant nightlife and beach⁣ access. We’re also⁣ seeing increasing ‌interest in ​emerging areas like Canggu, which‌ appeals to a ⁤younger demographic looking for a more laid-back atmosphere.

**Editor:**⁢ The ‌data also ‌highlights that Bali ‍properties are yielding the highest rental returns‍ in Indonesia. Could you explain why that’s the case?

**John Smith:** Absolutely. The combination ⁤of high tourist demand‌ and limited property supply creates a‍ perfect environment for rental yields. Many investors have ‌recognized this opportunity, particularly⁣ for short-term rentals catering to vacationers. With the tourism sector rebounding post-pandemic, demand ​for rentals is higher than⁤ ever, making it a lucrative market for landlords.

**Editor:** In light of these trends, what advice‍ would you give to potential property investors in Bali?

**John ‍Smith:** I’d⁢ recommend conducting ⁢thorough⁢ research and possibly ‍even visiting the locations you’re interested in ‌before making decisions.⁢ It’s also ⁢wise to work with ⁤a local real estate​ expert ​who understands the nuances of the market. Lastly, be sure to consider the long-term sustainability of your investment and the impact of ‌potential regulatory changes on the rental market.

**Editor:** Valuable insights, John! Before ​we wrap⁤ up, what do ⁤you think the future holds for Bali’s⁢ property market?

**John⁣ Smith:** I remain optimistic! If the current trends​ continue, we could see sustained growth in property values and rental‍ yields. However, it’s essential to stay informed and adaptable to ‍market⁢ changes, as global economic factors⁤ can also play a significant‌ role.

**Editor:** Thank you ‌so much for ​your time, John. Your expertise is​ greatly appreciated, ​and I’m sure our readers will find this information helpful!

**John Smith:** Thank you for having me! It’s a pleasure to ⁤share⁤ insights⁣ on‌ such​ a vibrant⁣ market.

Leave a Replay