According to the recent market trend the investors are more inclined to invest in the small scale and nature friendly tourist accommodations like homestay. Bali, an Indonesian island that’s located near the Lesser Sunda Islands is a beautiful island growing with business every day. Yes, Bali real estate is considered so valuable and major returns are expected out of owning a Phuket Villa than buying a hotel.
Last year, in 2012 the increase in land price has increased by 50%, few areas like Seminyak the increase in rate was even higher up to 88% and the trend seems to still increase. This could be the perfect time for anyone who wants to invest in Bali real estate. So what is the reason behind rapid growth of this market?
Most of the foreigner tourists who visit Bali decide to buy a villa or small house which can be a permanent residence in case they visit the island regularly. An island, so full of beautiful oceans, cliffs and panoramic views to die for has trendy Bali villas and suits for all time property investment. This could be the reason why they feel comfortable living in Bali and this condition triggers the growth of real estate industry.
Another major reason behind this is the unequal economic development of the areas between south Bali and other regions. Southern part has become more popular with the foreigners and they invest in that area mostly. According to the Civil law, non citizens can’t own a land/ property from themselves, but most of the foreigners have purchased the land in the name of their friends or relatives living there which is legally possible with professional real estate agency like exotiq. This is the most common practice for property purchase in bali real estate for sale to help you with all of this.