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Learn more about the Bali condo market through trends and average prices.
Also known as “The Island of the Gods”, Bali has long been heralded for its breath-taking natural beauty and its rich, vibrant cultural traditions, so it is of little surprise that it ranks as Indonesia’s number one tourist destination. Home to 4 million residents, and frequently rated as a Top 10 tourist destination for travelers, it has become wildly popular in the last three decades for its high-octane surfing, glorious temples, and amazing sunsets.
By day, you can visit the many Balinese Hindu temples on the island or sip a civet-cat coffee on the black sand beaches. At night, you can haggle with the street vendors at the local market or cut loose in one of the many beach-front nightclubs to be found here.
Renowned for its artful festivals and ancient culture as well as for its year-round tropical weather, there are many reasons why so many people come here and never want to leave.
Purchasing a condo in Bali is both easy and exciting, as there are so many different options to choose from. Spacious yet inexpensive 1 bedroom units can be purchased for as low as IDR 650,000,000 while upscale, multi-bedroom units can go for in excess of IDR 7,000,000,000.
Regardless of your budget, there’s a no shortage of selection, from the city comforts of Kuta to condos overlooking the ocean. Whether it’s a modest 40 square meter unit or a sprawling 600 square meter unit, all requirements and budgets are catered for.
Life in Bali will be considerably more affordable than living in the Western world. A three-course meal for two at a mid-range restaurant will cost approx. USD 12.00. The traditional dishes are quite healthy (and vegetarian-friendly too!). The local restaurants, warungs, have affordable
meals and tasty choices. Gasoline is only USD 0.61/liter and monthly utilities average out to roughly USD 60.00. It is hard to fathom that a place as beautiful as Bali could be so inexpensive, and yet the cost of living here is a fraction of what it is in places like Hawaii or The Bahamas.