Villas for sale in Canggu
Overseas nationals can freely buy a house in Canggu. The coastal resort is located on the south coast of Bali, Indonesia. It is known for its picturesque 10 km beach, extremely popular with surfers, hipster cafes, bars, and shops.
In recent years, the coastal village, along with other tourist areas in the island, has attracted many people buying property in Indonesia. Here you can purchase a small or luxury home to relocate or invest. Bali has repeatedly become the leader of TripAdvisor ratings and to this day remains one the most favourite destinations for travellers from all over the world. The island has especially sought-after locations to purchase housing and holiday. Canggu was named by Forbes as the 4th best place to live and invest. In addition, among the areas of Bali, it ranks 2nd with a housing demand rate of 9.31%.
Almost all year round, the island receives tourists and expats who want to rent houses and apartments in Indonesia short- or long-term. Many seek to live in Canggu. This is due to the mild climate of the resort village, a large number of sunny days a year, a multiethnic population, which creates a vibrant cultural environment, and a variety of opportunities for beach and outdoor activities.
When it comes to buying villas in Canggu, there are many complexes with well-developed internal infrastructure and high return on investment. A notable example is the Teratai Villas Canggu project, which won the Best Villa Development at the Asia Property Awards.
Investment house in Canggu
Investing in a villa in Canggu offers the following advantages:
- Constant rental income. The region attracts a large number of overseas visitors, which leads to a stable rental demand. What’s more, foreigners have been actively moving to Bali, especially in recent years, seeking to settle in Indonesia. Spacious houses and villas remain the most in-demand.
- Quick payback period. Return on investment here can exceed 12% per annum and reach very high values. In the peak tourist season, 3- and 4-bedroom houses bring in 10-15% more profit compared to the middle and low seasons. In the village, 5-bedroom villas in Indonesia can bring in twice the standard profit in the high season.
- Well-developed tourist infrastructure. The resort village has restaurants, shops, entertainment venues, and medical clinics, which is convenient for owners and attracts tenants.
- Possibility of personal use. The owner can rent the acquired property to tourists short-term and use it when visiting the island.
The average occupancy of real estate during the year ranges from 65% to 80%. The cost of rent in the island goes up by an average of 15–20% per year.
Villas prices in Canggu
Each Indonesian region has a minimum price threshold for foreigners to purchase housing. In the province of Bali, private homes must cost at least $328,000. Houses prices in Canggu average $500,000.
For example, $337,000 can get you a beautiful 171 m² 3-bedroom home with 3 bathrooms, full furnishings, a swimming pool, and 200 m² of land. It is 20 minutes from Canggu, Berawa, and Batu Bolong beaches and 13 minutes from the Rumah Sakit Mangusada Badung hospital.
If you want to buy a villa in Canggu and prefer luxury, you may consider a premium 600 m² 4-bedroom house with 4 bathrooms priced at $1.12 million. The land plot area is 363 m². The property is in a prime location within walking distance of Finns Beach Club. It is fully furnished, features a contemporary architectural style, and has all utilities and video surveillance. There is a swimming pool and seating areas in the garden.
The cost of villas in Canggu varies depending on the location. A 186 m² 2-storey home in one of the fastest growing neighbourhoods, Umalas, is priced at $590,000. It is fully furnished and equipped with household appliances. The size of the plot is 370 m².
Buying house in Canggu
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