The countries of Southeast Asia are gradually becoming leaders in demand for local real estate among foreign investors. Since the escalation of the geopolitical situation in the world, an increased interest in housing in Indonesia has appeared among nationals the CIS countries.
Bali remains the most sought-after location, a resort destination equally suitable for living and investment. According to Forbes, in the first half of 2023, the number of Russian-speaking buyers doubled compared to the same period last year. In 2022, 29,762 Russians received a residence permit in Bali, which confirms the high interest in this location.
Apartments in Bali are an affordable housing option that is in demand among investors and tourists from all over the world. Despite the fact that the cost of real estate in the country is growing, you still can buy comfortable, modern apartments at a price of $150,000. You can buy a villa and a townhouse from $350,000 and more.
Investors choose property in Bali due to the high return rates, reaching 8-10% per year. In addition, the region has a unique gap in the cost of off-plan and move-in ready housing. While in most countries this figure ranges from 15 to 20%, in Indonesia the gap reaches 30%. For prestigious projects, this figure can be even higher. Thus, buying a property in Bali opens up opportunities for a stable rental income or a large profit if the property is planned to be resold.