Bali is Indonesia’s premier resort island, boasting all the major five-star hotel brands and spas that are continuously voted among the world’s best. Its coastlines are a surfer’s haven, and it has the culture and additional services to make it an ideal second home market. For this reason, the market is dominated by high-end villas, with many owners opting to rent them out for the greater part of the year. A variety of villa developments are on offer throughout the country, with styles and prices for high-end beach front villas with garden and a swimming pool ranging from US$400,000 to US$2,000,000 plus.
One incident that had an unfortunate effect on Bali’s property market took place in 2002, when several bombs exploded in and outside two nightclubs killing 202 people and injuring 209 more. In October 2005, several more bombs exploded again in Bali killing 23 people including three bombers. Today, however, it is picking up as buyers look for new alternatives from the pricier European locations and some of the more popular Asian markets, such as Thailand.
Popular locations in Bali include Jimbaran Bay, Bukit, the area from Batubelig to Tanah Lot on Bali’s West coast, the inland town of Ubud, and near the Handara golf course and Lake Bratan near Bedugul. Real estate pundits in Bali say these locations promise to produce the highest increase in value over the coming years.