buy investment property in bali

Markit said:
Unless your target was to live rent free, meet lots of friendly foreigners and possibly enjoy a modest income and grand standard of living from "your house" that would still be "your house" as long as you wanted or lived.
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Not sure about the friendly foreigners bit but is also a way to supplement the pension.....

Cheers
Heading for retirement and hope to be as jaded..yadayada
Ken
 
Agreed! I have been sucked in by these characters for years because you think that they are in earnest and you do your best to answer their questions based upon what you know after years of experience, yet too frequently they don’t even have the courtesy to offer a simple thanks.
 
mazen said:
im australian citizen wanting to buy investment property, like a villa in bali. i only visited there twice, so not sure where best to buy and what price to expect for a 3 bedroom vila close to beach.
what is the way to go about it?
any help is appreciated
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Live here for some months, trying several locations before you invest anything.

To get an idea of prices go to a site like rumah123.com, search for "bali propinsi" (i.e. all of Bali). You can narrow the search once you get some idea of what you want. You will be amazed by the price variations but will get some ideas.

Have fun!
 
Markit said:
If it's gratitude you want - get a dog.
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Yep , at least you KNOW a dog is gonna piss on you...

Which reminds me about loyalty and devotion.
Lock your missus and a dog in the car boot and watch to see who is still happy when you open it after 1/2 Hr

Hehe


Cheers
Still aspiring to the markit ....
Ken
 
ronb said:
Live here for some months, trying several locations before you invest anything.

To get an idea of prices go to a site like rumah123.com, search for "bali propinsi" (i.e. all of Bali). You can narrow the search once you get some idea of what you want. You will be amazed by the price variations but will get some ideas.

Have fun!
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Ron , also OLX indonesia is a good one as well.

Cheers
Ken
 
JackStraw said:
Let me share another story. Perhaps this will influence your decision. My friend rents a house in Jimbaran. PRIME lokasi up near the Raffles Resort. Not ocean view but on a beautiful, quiet street, 5 minutes to the beach, tons of nice restaurants around, and quick access to the nearby bypass if needed.

It's on a 2 are plot. 4 years ago, the Indonesian owners bought the land for about 1.6 milyar and then built a cheap, cookie-cutter two-floor villa on it. To the naked eye, it looks like a luxury villa but when you look closely, you'll see they tried to build something fast for a quick real estate flip.

Well, they put this house on the market about 3 years ago for the price of 3.5 milyar. No takers. A year went by, they lowered it to 3 milyar. No takers yet again. Then this year before Covid hit, they had it listed for 2.5 milyar. No bites at all.

So, they were forced to start renting it in an attempt to stop the financial bleeding they've had to deal with. Now, since the house was poorly built, everything is falling apart and they are using the rental money to fix water leaks, rain leaks, cracked tiles, pool maintenance, wall maintenance. you can also check www.sunbay.es

They'll be lucky to break even on this property when it's all said and done unless some guy with a bottomless bank account comes along.

Remember, this is in one of the best locations in south bali. If a house on prime land can't sell here, then I don't have high hopes for the housing market elsewhere.
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  1. Research different areas in Bali, considering factors such as proximity to the beach and amenities.
  2. Engage a reputable local real estate agent to assist you in finding suitable properties.
  3. Set a budget, including additional costs like taxes and maintenance.
  4. Arrange property viewings with your agent and inspect potential villas.
  5. Familiarize yourself with legal and regulatory requirements for foreign property ownership.
  6. Negotiate the purchase price with the seller and conduct due diligence.
  7. Explore financing options if needed.
  8. Seek legal assistance to review contracts and facilitate the property transfer process.
  9. Consider hiring a property management company for maintenance and rental management.
  10. Stay informed about market trends and regulatory changes.
 
dustyrivergardens said:
  1. Research different areas in Bali, considering factors such as proximity to the beach and amenities.
  2. Engage a reputable local real estate agent to assist you in finding suitable properties.
  3. Set a budget, including additional costs like taxes and maintenance.
  4. Arrange property viewings with your agent and inspect potential villas.
  5. Familiarize yourself with legal and regulatory requirements for foreign property ownership.
  6. Negotiate the purchase price with the seller and conduct due diligence.
  7. Explore financing options if needed.
  8. Seek legal assistance to review contracts and facilitate the property transfer process.
  9. Consider hiring a property management company for maintenance and rental management.
  10. Stay informed about market trends and regulatory changes.
Click to expand...

Investing in property in Bali can be an attractive option for many reasons. The island's stunning natural beauty, vibrant culture, and thriving tourism industry make it a sought-after destination for both holidaymakers and investors alike. However, there are several factors to consider before diving into such an investment.

Firstly, it's essential to conduct thorough research on the local real estate market in Bali. This includes understanding property values, rental yields, and potential appreciation trends in different areas of the island. Working with a reputable local real estate agent or property consultant can provide valuable insights and guidance.

Secondly, consider your investment goals and strategy. Are you looking for a property to generate rental income Rent Monthly Car in Dubai through short-term vacation rentals or long-term leases? Or are you primarily interested in capital appreciation over the long term? Your investment strategy will influence the type of property you should consider and the location within Bali.
 
hassoalbert51 said:
Ho Investing in property in Bali can be an attractive option for many reasons. The island's stunning natural beauty, vibrant culture, and thriving tourism industry make it a sought-after destination for both holidaymakers and investors alike. However, there are several factors to consider before diving into such an investment.

Firstly, it's essential to conduct thorough research on the local real estate market in Bali. This includes understanding property values, rental yields, and potential appreciation trends in different areas of the island. Working with a reputable local real estate agent or property consultant can provide valuable insights and guidance.

Secondly, consider your investment goals and strategy. Are you looking for a property to generate rental income Rent Monthly Car in Dubai through short-term vacation rentals or long-term leases? Or are you primarily interested in capital appreciation over the long term? Your investment strategy will influence the type of property you should consider and the location within Bali.
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It is not possible to know realistic valuations in this country because there is no such thing as a qualified surveyor ,and of course most of the property is junk construction .
 
hassoalbert51 said:
Investing in property in Bali can be an attractive option for many reasons. The island's stunning natural beauty, vibrant culture, and thriving tourism industry make it a sought-after destination for both holidaymakers and investors alike. However, there are several factors to consider before diving into such an investment.

Firstly, it's essential to conduct thorough research on the local real estate market in Bali. This includes understanding property values, rental yields, and potential appreciation trends in different areas of the island. Working with a reputable local real estate agent or property consultant can provide valuable insights and guidance.

Secondly, consider your investment goals and strategy. Are you looking for a property to generate rental income Rent Monthly Car in Dubai through short-term vacation rentals or long-term leases? Or are you primarily interested in capital appreciation over the long term? Your investment strategy will influence the type of property you should consider and the location within Bali.
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1. Stunning natural beauty? Where? Certainly not where any of these "investment properties" are being built
2. Vibrant culture? Decaying by the day.
3. Thriving tourism industry? You mean the highly unsustainable, profit-driven tourism industry that's destroying all the reasons people came here in the first place?
 
YachtRock said:
1. Stunning natural beauty? Where? Certainly not where any of these "investment properties" are being built
2. Vibrant culture? Decaying by the day.
3. Thriving tourism industry? You mean the highly unsustainable, profit-driven tourism industry that's destroying all the reasons people came here in the first place?
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Yeah, but it was an advertisement.... hence the language !

"Stunning natural beauty" ? Hahaha....yes, if you come from Harlem or Detroit !
 
YachtRock said:
1. Stunning natural beauty? Where? Certainly not where any of these "investment properties" are being built
2. Vibrant culture? Decaying by the day.
3. Thriving tourism industry? You mean the highly unsustainable, profit-driven tourism industry that's destroying all the reasons people came here in the first place?
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The bot forgot to mention all the "helpful" locals awaiting. In this context "helping" to empty your pockets:

Desa Adat leader in Berawa arrested for extorting a 10 Milyar "fee" for approving a land transaction. Caught red handed in a Renon cafe receiving 100 Juta down-payment. Too funny: He was dressed up in his traditional garb while Police dressed up as ojol (motorbike taxi drivers) to sneak on to him.

It is suspected Desa Adat leader has been extorting a lot of other land buyers/sellers. It is also suggested this type of extortion could have been happening outside Berawa as well. That must be understatement of the year.

https://www.detik.com/bali/hukum-da...tertangkap-tangan-peras-investor-ratusan-juta
 
AuroraB said:
The bot forgot to mention all the "helpful" locals awaiting. In this context "helping" to empty your pockets:

Desa Adat leader in Berawa arrested for extorting a 10 Milyar "fee" for approving a land transaction. Caught red handed in a Renon cafe receiving 100 Juta down-payment. Too funny: He was dressed up in his traditional garb while Police dressed up as ojol (motorbike taxi drivers) to sneak on to him.

It is suspected Desa Adat leader has been extorting a lot of other land buyers/sellers. It is also suggested this type of extortion could have been happening outside Berawa as well. That must be understatement of the year.

https://www.detik.com/bali/hukum-da...tertangkap-tangan-peras-investor-ratusan-juta
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A Desa Adat of all people! Supposed to be the spiritual leader of the community and he is nothing but a thug. Well, he's getting a nice big serving of karma now. Hope they lock him up for a long time to send a message.
 
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