Investment seems to be an overrated word these days. The increasing number of investment instruments offered, ranging from stocks, mutual funds, cryptocurrencies, NFT, etc., is enough to make many investors feel dizzy.
What’s more, a newbie investor.
However, some more-conventional investment instruments still seem to be the right choice for many investors. Whether it’s veteran investors or beginners.
Property investment is one of those.
The property market has indeed seemed to be in suspended animation for the past 2 years, especially in Bali.
However, many people expecting the bounce back from it, are getting higher along with the increasing number of recipients of Covid-19 vaccinations.
With the gradual opening of several international flight routes, this opens another hope for the return of Bali to become a favorite holiday destination.
For investors, this news would also be an opportunity for them to add to their property investment portfolio in Bali.
So, are you still hesitant to add to your property investment portfolio in Bali?
The following are 5 basic reasons why YOU should immediately invest in property in Bali.
Why is Property Investment in Bali still One of the Best Property Investments?
1. Bali is Still a Vacation Destination.
It is undeniable that new tourism destinations have emerged in the last 5 years. Especially when the Covid-19 pandemic began, Bali seemed to have lost its mojo.
However, this does not seem to dampen the love of many people for Bali. This is proven by the large number of tourists, dominated by domestic tourists, who still visit Bali for short vacations.
Not to mention the digital nomads who choose Bali as their base for creativity. The undoubted natural beauty of Bali, make them believe that is the main factor as their creativity-trigger. Trust us, we feel it too 🙂
2. When The Pandemic Ends, The Number of Tourists to Bali Will Increase Drastically.
What happens when this pandemic is officially over?
Of course there will be a surge in the number of people who will visit Bali.
Travel restrictions that will undoubtedly loosen, coupled with a gradually improving economy, will encourage people to return to visit Bali as their escape destination.
This was proven at the end of 2021, when so many people flocked to Bali to celebrate the new year. As you know, the pandemic is not officially over yet.
Can you imagine how many visitors will be coming to Bali after this pandemic is really over?
3. Infrastructure Development in Bali is Getting Better.
Reporting from detik.com, starting from 2021, the Bali government has planned several infrastructure developments for the next 3 years.
Among others are;
- Development of the Balinese cultural center area in Klungkung.
- Gilimanuk – Mengwitani Toll Road.
- Singaraja – Mengwitani Shortcut Road.
- Golden Triangle Harbor in Sanur, Nusa Penida and Nusa Ceningan, Klungkung.
- North Bali Airport in Buleleng.
Some of the projects above are still in the submission stage, while the others are in the construction phase.
For example, the Singaraja-Mengwitani shortcut project which hopes to cut the Singaraja – Mengwi trip time to only 1-1.5 hours.
On the other hand, the Gilimanuk – Mengwi Toll Road would provide a more comfortable journey for domestic visitors that come with their own transportation.
4. Property Investment Climate in Bali is Increasing.
Simultaneously with the reopening of entry routes to Bali, it’s like giving a breath of fresh air to almost all entrepreneurs and property investors in Bali.
The number of tourists has increased significantly, along with the increasing number of places that pamper tourists, ranging from hotels, villas, restaurants, entertainment centers, etc.
This makes Bali’s economy seem to be reviving after slumped for the last 2 years.
Not to mention the famous tourist spots that were previously closed, have now returned to show their activities.
Among some of the new tourist spots that are on the rise include:
Property Investment in Canggu
Undoubtedly, in the past 5 years Canggu has become a favourite spot of choice for many travellers and digital nomads both from within and outside the country.
If you want to target Gen-Z as the target market for your villa or hotel property, Canggu should be your first choice.
Berawa
Still included in the Canggu area, the Berawa area is also included in an area favoured by tourists, most of whom are young.
There are still many beautiful and quiet rice fields, perfect for those of you who want to have a villa away from the bustle of the tourist area.
Karangasem
Karangasem has many cultural relics of the past Balinese kingdoms. For example, Lempuyang Temple, Tirta Gangga, and Jasri Beach.
Ubud
You want to choose the self-healing community as your property’s market? A property investment in Ubud is the answer!
Surrounded by beautiful natural charm, from Tegalalang to Tegenungan Waterfall, Ubud has its own charm.
Your guests will also be surrounded by many yoga centers and healthy entertainment venues. The annual Bali Spirit Festival is also the main attraction for the Ubud area.
Property investment in Ubud? Would be a great deal!
5. The Right Time to do A Property Investment in Bali.
The market boom, which is believed by many entrepreneurs and economic observers in the next 1-2 years, makes property investment in Bali very worthy of your consideration.
In addition, property prices in Indonesia and Bali in particular have stagnated and even decreased over the last 2 years.
So now is the right time for you to invest in property in Bali, right before everything goes back to normal, and Bali’s property prices soar again.
Conclusion
Investors will be in a strategic position to resell the property at a rate of multiples of profit when the economy improves in the future.
Moreover, various online booking sites and a number of tour and travel platforms place Bali as one of the most desirable locations to visit or stay after the pandemic.
Without a doubt, property investment in Bali is a promising long-term investment during this pandemic.
Property purchased as an investment in popular areas such as Canggu, Seminyak or Ubud can provide a very attractive long-term return on investment.
So, now is the right time to invest in the property sector in preparation for the surge in the property market after the upcoming pandemic.
Want to own a property in Bali?
