3 Essential Tips for Foreigner Before Invest Property In Bali06 December 2018
Not every year, precisely every day, the tourists is coming from all over the world for visiting Bali with a various purpose. Bali is in the 4th rank of world’s top destination on Trip advisor. Bali has the point of interest in every corner of the island. Its blue sea, white and black sand beach, green rice fields , warm weather makes Bali not simply beautiful island. Bali has very diverse culture and it can depict a real picture of paradise that ever exist on earth. Since a lot of tourist both local and international visit Bali. Hospitality accommodation become a major importance for tourist in a purpose of living, short staying, and even investment for retirement.
According to data of Directory 2018 from Bali Government Tourism Office (www.disparda.baliprov.go.id) , the development of hospitality accommodation in Bali namely number of hotel in Bali has been increasing steeply.
According to the chart above, the total hotel in bali from 2017 to 2018 is increased by 7.4% and the number of rooms also is increased by 2.7%. The percentage would be continually grow since according to hotel investments strategies, Bali is expected to increase by 26.3% from 14.4 million in 2017 to 18.2 million in 2020.
The demands are expected to increase as well. However development will certainly be less. The reason is because the government also limit it as protection for green conservations.
Badung area appertained as a great place for living. Not only close to the airport and other urban attractions. Badung area currently in the third place which have 36 in total of point of interest and 3 of tourism area after Gianyar and Bangli area.
Here’s 3 tips need to be considered:
1. Plan your budget and interest
Choose a prospective location for your dream home in Bali. There are many areas in Bali that can cover your preference for instance Bukit Ungasan, Uluwatu, Jimbaran, Seminyak, Canggu, Legian and Sanur. Take a look at the property you are targeted to emphasize on how the environment around and see a glimpse of exterior and interior that you may be attracted.
A typical kind of property which boast you a completed showcase of private facilities including pool, garden, furniture and absolutely the view from inside of the property. Accessibility and facility could make it prestigious. Ensure your budget would be met the property you are targeted.
2. Find a professional and reputable property agent and developer
Do not worry, there are various of property agent and property developer in Bali. But find a reputable and trusted one should not be a hurdle. The property market in Bali is growing rapidly. You can ask for further assisting to understand the restrictive Indonesian law and transform your budget in a way of possible to own a home in Bali with a relevance condition.
The most important, you also need to earn the very specific information from the property agent and developer about land and building ownership, leaseholds (hak sewa), the Right to Use (hak pakai), The Right to Own/Freehold (Hak Milik), The Right to Build (Hak Guna Bangunan), you also need to have a temporary residency permit and all legal property aspects. Foreigners are not allow to get The Right to Build and The Right to Own except for Indonesian People. However, the foreigner able to own the Right to Use and Leasehold.
Hideaway Development offers you to experience Bali Best Investment Guaranteed. Hideaway allows access to a secure investment in a location that is strategic but away from the hustle and bustle. The property's core facilities drives the property for an optimum result on your investment vs gain.
3. Ensure that the capital and rental gain in terms of flexibly property manages
While planning your budget and find a professional property agent, you also need to pay attention in the capital and rental gain of your targeted property. The targeted property could be used for daily rental that allows you manage in flexible way. The chosen location would be determined the ROI as long as it is located in strategic area, accessible to main road and public places or attraction.
The hidden gem locations could be particularly close to Bali’s best beach, top tourism attractions, airport and other public facilities. These represents best value on capital appreciation.
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