9,758 views
Subscribe to my telegram channel Ruslan_Rentaved https://t.me/rentaved_invest Investments with RENTAVED https://rentaved.com/ Ruslan Sukhiy https://ruslan-sukhiy.ru Ruslan Sukhiy / ruslan_rentaved News portal RENTAVED https://rentaved.ru/ Bali Island is a desirable vacation spot for millions of tourists from all over the world: it is among the top five most popular destinations on the planet according to Tripadvisor in 2022. And where there is a large flow of interested tourists, there is investment-attractive real estate. Bali is quite a large island - 5416 km². Despite this, there is little land suitable for the construction of districts and infrastructure development: about 5% of the total area. Therefore, the main interest of investors and developers is focused on several tourist areas of Bali, which are concentrated mainly along the coastline. The development density here today is 95-97%, and the cost of the remaining undeveloped areas reaches several million per hundred square meters. Interestingly, in the central part of the island, land is 100 times cheaper than in tourist areas. But there is no point in buying or building here. Firstly, these are solid jungles, volcanoes and rice fields, and secondly, there is no infrastructure: no entertainment, no medicine, no schools, no roads, no supermarkets. The lack of land, its high cost, the relief of the island's landscape - all this leads to the fact that the cost of land and real estate rises by 15-20% per year: according to official statistics, since 2016, prices have risen from $ 284 to $ 1065 per hundred square meters. Although in some tourist locations of the island, the cost is not limited to $ 3000. In addition, there is a law in Bali prohibiting the construction of buildings higher than four floors. This also creates a shortage of new and comfortable real estate and has a positive effect on the growth of its value. The tourist flow, which does not stop here, also affects the profitability. Travelers come to the island all year round: warm climate, friendly atmosphere, there is entertainment for every taste. Therefore, the occupancy rate of quality housing on the island is 75-95% - 275-329 days a year. In short, villas and apartments on the island can bring in a yield of 11 to 15% per annum in foreign currency. Guest of the issue: Alex Stefan Instagram @alexshtefan https://alexvillasbali.com I recommend watching: Bali review 3 years ago. • Investing in Bali real estate. Ren... How to make money on a falling real estate market • REAL ESTATE: where is the benefit? / collapse in 20... #bali #indonesia #village #realestate #RuslanRentaved #RuslanSukhiy #Rentaved #bali #Investments #Real Estate