Apartments for sale in Seminyak
The cost of apartments in Seminyak is one of the highest on the island of Bali, yet many investors prefer to buy real estate here. It is one of the most prestigious Balinese resorts, located in the southeastern part of the island, nine kilometres from Ngurah Rai Airport.
The main advantage of the area is the wide sandy beach with a gentle entrance to the water. There are often high waves here, which makes the place ideal for surfing for both professionals and beginners. The wide coastline allows you to sunbathe, walk, or play beach volleyball. There are:
- Restaurants
- Cafes
- Clubs
- Art galleries
- Fashionable shops.
Local real estate is represented mainly by luxury residential complexes and hotels. There are projects under construction where you can buy housing directly from the developer on the most favourable terms.
Over the past few years, properties in Indonesia have become increasingly attractive to foreign investors. While previously foreigners could only purchase flats and houses in the country with the right of long-term use, today in certain areas it is possible to buy housing in private ownership. As a rule, such areas are free economic and industrial zones and some resorts. The developer usually indicates in the advertisement whether the property is being sold for ownership or long-term use.
Foreigners have the right to own a flat or villa in Indonesia if the value of the house is not less than the amount set by the government. The limits are different for each region. For example, on the island of Bali, which is home to the country’s most popular resorts, the purchase amount should be at least $131,000.
In the resort regions of Indonesia, it is favourable to own housing even for long-term lease. As a rule, the period of use varies from 20 to 45 years and can be extended. Investors who rent out housing can fully recoup it during this period and reach a net profit. It is important that during this period, the owner cannot dispose of the real estate without the consent of the tenant.
Apartments prices in Seminyak
The prices of flats for sale in Seminyak depend on a number of factors. First and foremost, it is the location of the building. The most expensive properties are those that are within walking distance of the beach. Important indicators are also the floor area of the housing, the year of construction, and the availability of amenities and services on the territory of the complex.
Today, it is also possible to find premium-class developments under construction. For example, at a price of $250,000, you can buy a flat of 40 m² with one bedroom in a luxury complex that has a swimming pool and other amenities. The price per square metre is $6,250. An important advantage of the property unit is the opportunity to buy a flat in private ownership for an unlimited period of time. In addition, when buying apartments in Seminyak at the construction stage, the developer offers interest-free instalments with the first payment of 30%. It is also possible to find interesting offers on flats on the secondary market at a lower cost. You can find the current prices of flats in Seminyak in the catalogue on our website.
Investment apartments in Seminyak
For those who want to invest profitably, the market offers ready-made businesses available for sale in the form of small hotels, guesthouses, or individual serviced flats. For example, a guesthouse of 540 m² with 10 rooms can be purchased for $817,000. At the same time, the cost per square metre of such a unit will be $1,500. It is profitable for buyers to invest in under-construction housing, as by the time the building is put into operation, the cost of real estate can grow by up to 30%. Finished housing can then be profitably resold or rented out.
Many investors prefer to buy apartments in Seminyak for further rental. Today, real estate agencies provide the possibility of a remote transaction through an intermediary. In addition, if you do not live permanently in Bali but want to invest in local real estate, you can rent out the flat through a management company. The latter will take care of all the issues, including finding clients, paying bills and taxes, and maintaining the property.
The average return on investment in Bali is 7.8% per annum. However, many properties allow you to earn up to 15%, which is a very high rate of return for the real estate market. In comparison, in most European countries, the return on housing is around 3%.
Buying apartments in Seminyak
Today, purchasing an apartment in Indonesia is a great way to safely invest in an emerging market with the prospect of capital appreciation. The Indonesian economy is showing stable growth, and the local government is gradually softening the conditions for foreigners, thus attracting new investments to the country.
The catalogue on our website offers a wide range of flats in Seminyak for investment and living. We collect current offers from developers, real estate agencies, and private individuals. This allows our users to explore different offers for flats for sale in Bali on one website. If necessary, you can compare prices, specifications, and payment options for similar units. With the help of different filters, you can choose the suitable apartment by price, floor area, number of bedrooms, location, and a range of other parameters. A convenient search system allows you to effortlessly select the most interesting options to buy a flat in Seminyak.