Apartments for sale in Kuta
Today, the real estate market in Indonesia is booming, making it a good time to buy a bargain apartment in Kuta for investment and living. It is the major resort area of Bali. It is located in the southern part of the island, on the Indian Ocean coast. This is the very resort where the best Balinese beaches with white sand and a smooth entrance to the water are concentrated. Here, one can not only comfortably relax by the ocean but also go surfing. The area boasts:
- Trendy cafes
- Restaurants
- Souvenir shops
- Hotels
- Minimarkets
- Spas
- Massage centres.
The resort is especially popular with young people who are fond of surfing and prefer a fun holiday with parties and nightclubs. An important advantage of the resort is the Ngurah Rai International Airport, which is located on its territory.
Bali is one of the most promising destinations for buying property in Indonesia. Many people choose the island as a profitable option for investment. Some of them, inspired by the authentic atmosphere, warm climate, and ocean, even move here for permanent residence. New residential complexes are being actively constructed on the island; there you can buy a newly built and off-plan apartment from the developer.
Foreign citizens can buy apartments in Indonesia on both a long-term leasehold and an ownership basis. In order to attract investors, the government has recently allowed private real estate ownership for foreigners in special areas. As a rule, freehold housing can be purchased in free economic zones. There are also individual residential projects with ownership rights. You can learn more about them from the developer. However, there is an important restriction when buying housing: the value of the unit should not be less than a set amount. For example, if you plan to buy an apartment in Kuta, you will have to consider properties costing at least $131,000.
Buying a flat with the right to a long-term lease allows you to dispose of the property for a certain amount of time. The law does not specify the exact period, but it is usually set by the owner. In most cases, the term varies from 20 to 45 years and can be extended. An additional fee is required for renewal. It is usually $1,000 per year.
Apartments prices in Kuta
The cost of apartments in Kuta is higher than, for example, in Jakarta or other major cities in Indonesia. Nevertheless, such property keeps growing in value, has high liquidity, and can be used for rental businesses. Today, you can find a wide variety of flats for sale in Kuta. They are finished mini-hotels and guesthouses, flats under construction in contemporary residential complexes, as well as options on the secondary market.
The price of flats in Kuta depends on the location of the real estate, its floor area, the class of housing (premium, economy), and other parameters. For example, a flat of 147 m² in a luxury complex with a garden and a swimming pool located near the beach will cost $376,000. The price per square metre will be $2,550. More offers for sale in the popular resort area of Bali are available in the catalogue on our website.
Investment apartments in Kuta
Investing in apartments in Kuta is a good way to preserve and grow your capital. The area is one of the most popular resorts in Indonesia, and the occupancy rate of rental housing here is high throughout the year. Thus, investment property owners can expect a quick payback and high profitability.
On average, residential property in Bali gives a return of 7.8% per annum, but if the apartment is located in a popular tourist destination, its profitability can reach 15% per annum and more. The average payback period ranges from 6 to 10 years.
Some investors earn on the resale of the housing bought at the construction stage at a favourable price. By the time the work is completed, the cost can rise by up to 30% of the original price.
In Bali, it is common to buy ready-made investment properties. This is convenient, as the flats are managed by a company that looks for guests, cleans, and maintains the house, as well as pays bills and taxes. Thus, the investor can make passive profits without even living permanently in Indonesia. Many agencies also offer the remote purchase of real estate through an intermediary. You can pay for a flat or villa in Indonesia via bank transfer, cryptocurrency, or cash.
Buying apartments in Kuta
Indonesia is one of the relatively new destinations for investors. Today, the country’s economy is showing stable growth, infrastructure is actively developing, and new roads, airports, and quality housing are being built. In addition, since the Indonesian market is still evolving, buyers have the opportunity to invest profitably in a promising region.
You can choose a flat in Kuta suitable for investment or living in the catalogue on our website. There, you will find various offers not only from developers but also from real estate agencies and private individuals. We are constantly researching the property market in Bali and other popular regions of Indonesia, adding new offers to keep you up to date with all market changes, prices, and promotions from developers, and investment offers.
The website shows prices in different currencies, making it easier to understand the cost of the unit. To simplify the selection, there are filters by price, number of bedrooms, area, and other parameters. All this will allow you to effortlessly buy a flat in Kuta.