Blog
Is It Worth Buying Land in Bali? (2022 Version)
26 April 2022 by Ade
Now that the world is re-opening and Bali is once again welcoming tourists, it’s time to have another look at your Bali investment opportunities.
There is plenty to consider - villas, houses, office buildings, restaurants, cafes, or entire developments. But today we’ll be exploring investing in land in Bali.
The question that we often get is, is it worth buying land in Bali? And once again, the answer is yes.
Land is one of the smartest choices you can make when it comes to property investments here in Bali. It is safe, stable, and secure.
Land prices will increase over time. In the rare occurrence of a pandemic or other life-changing events, you can always park your land for some time and wait it out.
The right time will come when you can then sell or develop the land with profit.
Another great reason to invest in land in Bali is that it is very low maintenance and safe. All you need to do is make sure the proper legal work is done and you’re all set!
Land prices in Bali have been steadily rising for decades. Before the pandemic, land in Bali was notoriously overpriced.
Fortunately, or unfortunately, asking prices are now between 30 - 50% below pre-Covid-19 asking prices.
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.
This basically means that this is the best time to add more land to your asset portfolio.
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 meter.
There are various Bali Property Ownership Rights For Foreigners in Bali including Hak Pakai / Right Of Use and Hak Guna Bangunan / Right To Build.
Remember that you must also obtain your accommodation license and Ijin Mendirikan Bangunan (IMB) if you plan to build or develop your land.
Click here to find out more about Bali Property Ownership For Foreigners to learn more about the different types of ownership in Bali!
Ready to find your ideal property or land 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 villas and apartments, available for sale and for rent in all of the most popular areas including Seminyak, Umalas, Uluwatu, Jimbaran, Sanur, and Canggu.