Your Guide to Buying Property in Bali from a Local Agent

Bali's captivating charm – from sun-kissed beaches to verdant rice fields – has long lured investors and dreamers seeking a slice of paradise. But navigating the property market can be daunting. That's where Candra (@ciproperty.info), a seasoned Balinese agent, steps in. Disclaimer, she worked with me in the past and I found her proactive and attentive to our needs, and no, I don't get any commission. :) In this exclusive Q&A, she shares valuable insights for every aspiring homeowner, whether seeking a vibrant holiday retreat, a lucrative investment, or a tranquil retirement haven.

• What is the current property market trend in Bali? The property market trend in Bali is still dominated by villas and land investments, especially post-COVID-19 as many investors seek opportunities in Bali. So, the ongoing trend in Bali's property market is villas and land investments.
  

• Is the price increasing or decreasing? Prices continue to rise annually due to the growing interest from local and international investors in buying villas or land in Bali, considering its tourism potential.
  

• Which areas in Bali are the most popular for buying property? North Kuta, South Kuta, Ubud.
  

• What are the advantages and disadvantages of each area? Advantages: Prices always rise and never fall.
  

• What type of property fits most budgets? It depends on the budget and requirements. Everything can be tailored to fit the budget and needs.
  

• Give me a ballpark price range for different Bali regions.

  • Denpasar: Land starts from 4 million IDR/m2, offering affordability and proximity to the capital.

  • North Kuta: Land starts from 6 million IDR/m2, promising premium beachfront access and high rental potential.

  • South Kuta: Land starts from 3 million IDR/m2, attracting budget-conscious buyers and surfers seeking a relaxed lifestyle.

  • Central Ubud: Land starts from 6 million IDR/m2, ideal for those seeking serenity and cultural experiences.
    

• Can I expect good rental income from my Bali property? It can yield 8-10% of the purchase price annually.
  

• Walk me through the typical property buying process in Bali? Choose the desired property, check the location, and then verify all legal processes by the appointed notary before proceeding with payment in front of the notary.

Candra enjoying her dream job

• What hidden costs should I be aware of? Notary fees, taxes, transfer taxes, certificate checking fees, and name transfer fees. So factor them into your budget.
  

• Do we need a lawyer or other professional assistance when buying property in Bali? Not necessary. Trusted agents and notaries are needed.
  

• What mortgage options are available to foreigners in Bali? There are none. Foreigners can only own leasehold properties. To own freehold properties, foreigners must establish a PT PMA (foreign investment limited liability company).
  

• Any golden tips for buying a house or land in Bali? Choose a location that suits your needs, select a trusted agent, and ensure all payments and legal checks are conducted in front of a notary.

Buying property in Bali is an exciting adventure, and Candra's insights should be a good start to navigate it confidently. Remember, do your research, ask questions, and choose the right team to support your journey.

Good luck!