Investing in Bali Real Estate: debunking the myths and answering the main questions
Bali is not only a paradise with stunning beaches and ancient temples, but also an attractive area for real estate investment.
Many people dream of owning their own home on the island, but questions about how to do this often remain unanswered. In this article, we will look at the most frequently asked questions about buying real estate in Bali and provide detailed answers.
Buying Property in Bali: What You Need to Know
1. Is it possible to buy a property in Bali without coming?
The answer is yes! In our practice, most real estate transactions in Bali are carried out remotely. You can choose a property, review the documents, conduct a legal check and sign a contract without leaving your home. Experienced realtors will help you go through all stages of the transaction and answer any questions.
2. How much does real estate cost in Bali?
Real estate prices in Bali vary depending on the type of property, location, infrastructure and other factors. On average, apartments start at $70,000 and villas start at $150,000.
3. What is the minimum threshold for purchase?
Usually, the down payment is 30-40% of the total cost of the property.
4. Is it possible for foreigners to pay for housing in installments?
Yes, it is possible for foreigners to pay for housing in installments. As a rule, it is provided for the entire construction period of the property and, in some cases, for the first year after its completion.
5. Is there a mortgage in Bali?
Unfortunately, mortgages are not yet available for foreigners in Bali.
6. How much money do I need to reserve a property?
Usually, it takes between $1,000 and $5,000 to reserve a property. This amount is deducted from the total purchase price when concluding the contract.
7. What is the return on investment in real estate in Bali?
The return on investment in real estate in Bali can vary depending on the type of property, its location and rental demand.
- Rent: On average, the return on rent is 12-17% per annum in dollars.
- Resale: If the property is successfully resold, you can get a return of up to 40% per annum.
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