Property in Canggu
Real estate for sale in Canggu for foreigners is an affordable opportunity to invest in highly liquid and profitable housing. The seaside community is considered one of the most popular destinations in Bali. The resort is known for its amazing 10-kilometer volcanic sand beaches and it is in demand among tourists who prefer a relaxing holiday. Property in Indonesia is becoming more and more popular with foreign property hunters, and in Canggu you can find many options for a holiday home as well as buy-to-live and buy-to-let housing.
The village has a convenient location. In just 10–15 minutes’ drive, there are two major resorts: Kuta and Seminyak. The international airport can be reached in about an hour. On the territory of Canggu you can find everything you need for a comfortable lifestyle, from shops and supermarkets, restaurants, nightclubs to spas and several medical centers. Comfortable climate conditions allow you to forget about the gloomy and slushy winters, that is why many expats choose Canggu for relocation. It is also a popular spot for surfers who come here from different countries.
Foreigners can buy real estate here, but the form of ownership has some differences from traditional housing ownership in Europe. An apartment in a condominium can only be purchased on a long-term lease basis.
In practice, this policy does not limit buyers' rights. They can resell housing, bequeath it and use it at their discretion, including renting it out. Typically, the term of long-term ownership is 25 years or more. The right to use the property can be extended for an additional fee. With the help of qualified brokers, you can study the specifics of local legislation and become the owner of overseas property without any risks.
Property prices in Canggu
The cost of real estate for sale in Canggu, Indonesia, is higher than in less popular regions. It depends on the type of a unit, its area, amenities a unit and a residential project has to offer. Newly built projects usually offer a wide range of additional amenities such as:
- a pool;
- a children playground;
- green spaces.
In Canggu, you can find housing options for any budget. For example, a 50 m² one-bedroom beachfront apartment is offered for $189,000. A similar apartment unit of 82 m² already costs $234,000, while a 90 m² penthouse is sold for $300,000.
Houses in Indonesia also have a wide range of prices. A villa of 250 m² with four bedrooms can be bought for $450,000. The price for a 450 m² three-bedroom home goes as high as $809,000.
It is important to take into account that the real estate market in Indonesia shows a moderate rate of price growth, reaching an average of 10% per year. Therefore, you can study the housing prices now, but we also recommend clarifying the current prices closer to the moment when you make the final decision to buy property in Canggu. On our website you can check out the real-time prices.
Investment property in Canggu
You can buy an apartment in Indonesia and safely invest money while getting a home for a comfortable family holiday. The country's economy is showing stable growth, so real estate will only rise in price and it can always be resold at a profit.
The most profitable option is investing in off-plan units. The difference between the price at the early stage of construction and the cost of a completed unit can reach 30–60%. Therefore,if you are not planning to move in right after buying a residential unit, this investment solution can bring additional benefits.
It is also possible to invest in real estate in Canggu which will ensure you a stable rental income. You do not have to stay in the country for looking for tenants since local real estate agencies offer property management service that makes renting out your overseas property as easy as that.
Buying property in Canggu
On our website, you can find an ultimate collection of the best deals from trusted developers and real estate agencies. All information is up-to-date and contains a description of verified units, photos, housing prices in Canggu, and contact details of the seller. The database is updated daily ensuring you the latest offers. The property database contains both move-in ready apartments and houses and residential complexes under development.
A convenient search system allows you to sort property listings in Indonesia by location, type, area, price, and many other parameters. The cost of housing in Canggu can be converted in euros and dollars. Find your buy-to-live or buy-to-let option today!