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How much does it cost to buy a property in Bali? Well, the answer would depend on a number of factors such as property type (whether villa, office, or land), size, location, building type, permits, road access, amenities, facilities, and more.

It would be tricky for anyone to be able to give you a solid number as all of these things would have to be considered. After some extensive research, you would most likely discover that you’d need at least USD 50,000 just to lease the land.

Remember that foreigners aren’t allowed to own land or property in Bali so you’d have to resort to a long-term lease which can go anywhere from 2-100 years. Most people opt for 25 years. Land prices would vary from location to location so if you’re leasing in say, Tabanan, it would vary greatly to the cost of property in Canggu’s Berawa and Batu Bolong or Seminyak, Petitenget, and Umalas. Price would be per “are” or per square metre.

For example, a beautiful and luxurious 2-bedroom villa in Uluwatu would cost you approximately USD 120,000 to purchase while a prime land in Canggu would be priced at approximately USD 35,000 per 100 sqm.

Before the pandemic, land and villas in Bali were notoriously overpriced. Fortunately or unfortunately, asking prices are now between 30 - 50% below pre-Covid-19 asking prices. Prices for villas have also been slashed by as much as 85%!

This means that now is the right time for you to take advantage of lower prices and low-interest rates. There would also be fewer people competing for each property so you can take your time to find the perfect villa that suits all your preferences.

Here are some other important figures that you should consider when it comes to buying and owning property in Bali.

Average building cost per sqm: USD 500-1000. This is not inclusive of finishing, decoration, furniture, amenities, etc. Be smart and squirrel away some extra funds for when construction costs increase, as they usually do for any number of reasons.

Average utility costs per month: USD 150-200. You’ll have to pay for electricity, water, WIFI, cable TV, cleaning fees, garbage pickup fees, Banjar fees, etc. Bear in mind that the electricity bill will increase if you have a pool and use the AC constantly.

Minimum monthly staff salary: USD 150. This would obviously vary depending on roles and years of experience. For example, the Villa Manager’s salary would cost more than the gardeners. Regardless, it is a wonderful way to help the local economy by providing employment.

Do set aside some money for your marketing and sales efforts too, if you’re planning to rent out your villa while you’re away. You’ll also need to set aside cash for applications, permits, licenses, and the like. If you’d like more info on this, feel free to contact a member of our staff.

Ready to own property here in Bali? Contact us now. Bali Coconut Living is a leading Seminyak-based villa property agent ready to assist you in buying, selling, and villa maintenance.

Feel free to browse through our listings of freehold or leasehold apartments, available for sale and for rent in all of the most popular areas including Seminyak, Umalas, Uluwatu, Jimbaran, and Canggu.