When people visit Indonesia, they often wonder about the costs of buying a villa in Bali. Bali is a popular destination known as the Island of the Gods because of its wide range of activities and attractions. One of the biggest draws to Bali are the holiday villas, and the villa rental industry in Bali continues to thrive due to the high demand for vacation rentals. In this article, you will find information about the cost of buying a villa in Bali.
How much does a villa in Bali cost?
Bali, Indonesia’s most popular tourist destination, offers many affordable housing options. Many people want to either buy or build a villa in Bali. Although the cost of living in Bali is high compared to other places in Indonesia, the real estate market has seen a resurgence in demand following the relaxation of pandemic restrictions and the return of tourism to the island. Apart from its breathtaking natural landscapes and scenic beaches, Bali is also known for some of the unique house designs in the country.
The average price for Bali villas is IDR 14 million ($910) per square meter, while the average rent price is IDR 94 million ($6,110) per year. The gross rental yield on villas in Bali is 44.8%.
Villa prices Bali per village
| Average villa price/m2 | Average land price/m2 | |
|---|---|---|
| Singaraja | IDR 10 million ($650) | IDR 1.4 million ($91) |
| Canggu | IDR 27.4 million ($1,781) | IDR 2.6 million ($169) |
| Seminyak | IDR 3 billion ($195,000) | IDR 1 billion ($65,000) |
| Ubud | IDR 7 million ($455) | IDR 1.5 million ($97.50) |
What are the best places to buy property in Bali?
Although every part of Bali is beautiful, some regions offer better prospects for real estate investment. Moreover, with the influx of vacationers, this is an ideal time to invest. Certain areas of Bali’s property market are currently ripe for investment due to their rising popularity, which has increased the demand for villas. We have selected the top areas for real estate investment in Bali; these are the places you should consider investing in now:
- Singaraja
- Canggu
- Seminyak
- Ubud
1. Singaraja
Singaraja is a popular tourist destination on the northern coast of Bali. It is the second largest city in Bali and provides excellent investment opportunities. Investing in a villa in Singaraja can be a good option because it is an up-and-coming destination in Bali, with many tourists looking to explore the area’s natural beauty and cultural attractions.
Singaraja boasts stunning natural beauty, including waterfalls, beaches, and rice paddies. It is also home to many cultural attractions, such as museums and temples, that showcase Bali’s rich cultural heritage.
Property prices in Singaraja, Bali
| Average buy price | Average price/m2 | Average rent price | |
|---|---|---|---|
| Villa | IDR 500 million ($32,500) | IDR 10 million ($650) | IDR 20 million ($1,300) |
| Land | IDR 279 million ($18,135) | IDR 1.4 million ($91) | – |
2. Canggu
Canggu’s rental properties remain a tourist hotspot known for its beautiful beaches, surf breaks, and vibrant nightlife. Moreover, Canggu is conveniently located near popular tourist destinations like Seminyak and Kuta, making it an ideal base for visitors to explore the island.
Finally, the Balinese government actively promotes foreign investment, offering additional incentives for property investors.
Villa and land prices in Canggu, Bali
| Average buy price | Average price/m2 | Average rent price | |
|---|---|---|---|
| Villa | IDR 4.3 billion ($279,500) | IDR 27.4 million ($1,781) | IDR 268.6 million ($17,459) |
| Land | IDR 1.5 billion ($97,500) | IDR 2.6 million ($169) | IDR 81.5 million ($5,298) |
3. Seminyak
Seminyak is a popular place in Bali that most tourists visit. The consistently high demand for accommodation in the area provides a steady income stream for property owners, which you can also partake in by investing in Seminyak. Aside from its clear white beaches, it has boutique shopping streets, restaurants, and landmarks like the Petitenget Temple.
Owning a property in Seminyak can offer lifestyle benefits with access to beautiful beaches, world-class restaurants, and vibrant nightlife while earning rental income from the investment property.
Land and villa prices in Seminyak, Bali
| Average buy price | Average rent price | |
|---|---|---|
| Villa | IDR 3 billion ($195,000) | IDR 30 million ($1,950) |
| Land | IDR 1 billion ($65,000) | – |
4. Ubud
If you have watched the film “Eat, Pray, Love,” you may already be familiar with Ubud. Aside from gaining global attention due to the film, Ubud has always been considered the cultural heart of Bali due to its traditional arts and crafts, lush rice terraces, scenic landscapes, and ancient temples.
Ubud offers a serene and relaxing atmosphere with its yoga and meditation centers, making it a popular destination for wellness retreats. Because of its popularity, real estate in Ubud provides a lucrative investment opportunity.
Land and house prices in Ubud, Bali
| Average buy price | Average price/m2 | Average rent price | |
|---|---|---|---|
| Villa | IDR 2 billion ($130,000) | IDR 7 million ($455) | IDR 100 million ($6,500) |
| Land | IDR 500 million ($32,500) | IDR 1.5 million ($97.50) | – |
Can foreigners buy a villa in Bali?
Foreigners can buy a villa in Bali. Even though absolute ownership of freehold property is not permitted for foreign nationals, they can still invest in a villa in several other ways, such as leasehold, Hak Pakai (HP), Hak Guna Bangunan (HGB), a passport, or through a PT PMA. Most foreigners open a PT PMA in Bali and buy the villa through the PT PMA, as this allows them to invest in rental property, which can generate a high rental yield.
Buy a villa in Bali with Own Property Abroad
Do you want to buy a villa in Bali? Own Property Abroad can assist you and ensure a seamless and hassle-free property journey. Thanks to our extensive knowledge and local experience in Bali, we can help with legal requirements, finding properties, negotiating the best deals, and conducting due diligence.
With our expert team, you won’t have to navigate the complexities of the Balinese real estate market alone. For further information on how we can assist you, kindly drop your details below or email us at [email protected]. Let’s start working on your property success story today!
Conclusion
Investing in a Bali villa will give you a place in this sought-after destination and an additional income stream. As a top tourist destination, Bali offers numerous opportunities for rental income from short-term or long-term rentals. However, buying property in Bali can be challenging, especially for foreigners. Working with a knowledgeable and trustworthy real estate agent is essential to ensure a smooth transaction. Buying a villa in Bali can be a hassle-free and successful investment with the proper guidance and assistance.
Frequently Asked Questions (FAQs)
How much does it cost to stay in a villa in Bali?
How much it costs to stay in a villa in Bali depends on the size and amenities it offers. The cost for a villa in Bali can range from IDR 200,000 ($13) to IDR 4 million ($260) per night.
What is the average price to build a villa in Bali?
The cost of building a villa depends on various factors such as location, property size, and amenities included. Villa construction costs average from IDR 7.5 million ($488) to IDR 23 million ($1,495) per m2.
Is it safe to buy a villa in Bali?
It is safe for foreigners to purchase property in Bali, especially through a PT PMA. However, it’s essential to always work with a local real estate agency or legal agent to ensure a hassle-free and safe property journey.
