Introduction
Often called the island of the gods, Bali is not only a popular tourist destination, but also an attractive property investment destination. Whether it's the dream of an oceanfront home or a cozy villa in a tropical paradise, Bali offers unique real estate opportunities. This guide outlines the key aspects of buying property in Bali for those who want to become homeowners in this resort region.
About SDG
Sunny Development Group (SDG) is a trusted real estate company with extensive experience in property development and management. We offer a complete turnkey solution, allowing you to purchase property in Bali without any hassle.
Why should you buy property in Bali?
Growing tourism industry
Bali attracts millions of tourists every year, resulting in constant demand for rental properties and residential properties. This high demand leads to significant rental yields. Thanks to the year-round tourist season, our investors receive a stable income throughout the year. In 2023, the average net profit of our investors was 14% per annum, which is a unique indicator that has no analogues in other regions of the world.
Favorable climate and natural beauty
With a tropical climate, stunning beaches and lush landscapes, Bali is an ideal year-round destination. The temperature on the island remains stable throughout the year, allowing you to enjoy a comfortable climate without sudden changes. Long white beaches lapped by crystal clear waters provide ideal conditions for recreation, water sports and relaxation. Lush tropical vegetation, rice terraces and picturesque mountain landscapes create an atmosphere of harmony with nature, making every morning in Bali truly magical. Life on this island offers a balance between dynamic activity and tranquil relaxation, making it an attractive permanent residence.
Affordable real estate prices
Compared to other tropical destinations, Bali offers relatively affordable property prices, making it attractive to buyers looking for their own piece of paradise.
Cultural appeal
Bali's rich culture and friendly local people create a unique atmosphere that attracts people from all over the world. The island is famous for its traditional dances, temples and festivals that allow you to experience ancient customs and traditions. The Balinese are known for their hospitality and openness, making every guest feel at home. Local crafts, culinary delights and cultural events allow you to immerse yourself in a unique culture, making every visit unforgettable. This combination of cultural richness and warm welcome makes Bali a magnet for tourists, expats and investors from all over the world.
Key aspects of buying real estate
Understanding land ownership rules
Foreigners do not have the right to directly own land in Indonesia, including Bali. However, there are legal mechanisms that allow foreign investors to acquire property. One of the most common options is leasehold, a long-term lease agreement typically set for 30 years with the possibility of extension for an additional 30 years. Additionally, there is freehold (Hak Milik), which grants full ownership of the land but is only available to Indonesian citizens and legal entities.
Available property types
Villas and townhouses: Popular with tourists and expats, offering luxurious living spaces with private pools and gardens. Villas and townhouses symbolize luxury and privacy, providing a high level of comfort and privacy. Due to these advantages, they are in high demand for rental and generate significant profitability.
Apartments: Ideal for long-term rentals and city living. The apartments have high occupancy rates and provide an excellent return on investment for short-term rentals, making them a popular choice among tourists and renters looking for temporary housing.
Location value
Canggu: Canggu is a trendy and vibrant area known for its stylish cafes, surfing culture, and lively atmosphere. This district attracts young professionals and digital nomads, making it a sought-after location for luxurious villas and modern residential developments.
Uluwatu: Uluwatu is renowned for its breathtaking cliffside views, world-class surf spots, and tranquil, secluded environment. It's the perfect place for those seeking a luxurious lifestyle away from the city hustle, surrounded by exceptional natural beauty.
Benefits of choosing SDG
Experience and professionalism: Sunny Development Group, with over 12 years of experience in the real estate industry, has successfully completed five projects in Bali and is preparing to deliver three more properties this fall, with three others currently under construction. We have ensured high returns for our investors through strict adherence to quality standards and professionalism.
Turnkey solutions: Our in-house property management team handles all aspects of property management, including maintenance, tenant liaison and rent collection. The investor receives income by having access to our application, where you can transparently track rent, occupancy, management costs, taxes and other important indicators.
Professional Property Management: Sunny Development Group takes care of every aspect of property management, including maintenance and tenant relations. With over 2.5 years of successful experience, our company has received numerous awards from Booking.com and Airbnb and is a partner of Marriott. We ensure a stable income and maximum returns on your investments, as evidenced by the many positive reviews from our clients.
Steps to buying property in Bali
Determining Purchasing Purposes: Decide whether you are looking for a vacation home or a permanent residence. Your goals will influence your choice of property type and location.
due diligence: If necessary, you can order an independent examination from third-party specialists. We are open to cooperation and are ready to provide reports of all previously conducted inspections so that you can be convinced of the reliability and quality of the facility.
Purchase agreement: Once you have chosen the property, we draw up and sign the lease or investment agreement. We provide the opportunity to do this both offline and online, depending on your preferences and convenience.
Construction and development: If your investment involves construction, our team oversees the entire process, ensuring that the project is completed to the highest standards.
Property management: Once construction is completed, our property management team takes over the management of all aspects of the property to ensure a stable stream of rental income.
Conclusion
Buying property in Bali offers a unique opportunity to own a piece of paradise. With a thriving tourism industry, affordable property prices and a favorable climate, Bali is an ideal place to buy a home. SDG's expertise and turnkey solutions ensure a hassle-free purchasing process, allowing you to enjoy all the benefits of owning property on this magnificent island. Whether it's a holiday home or a permanent residence, Bali's property market offers something for everyone. Trust SDG to guide the process and manage your property with professionalism and care.
