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What you should know about Bali

The tropical island of Bali in Indonesia, also known as “The Island of the Gods”, has been a popular tourist destination since the late 1980s and it remains a favorite of surfers and nature lovers alike.

Bali is an Indonesian island located in the westernmost end of the Lesser Sunda Islands and home to roughly 4 million residents (with over 5 million tourists visiting each year), Bali is best explored via motorbike, where you can travel from beach to beach for surf and sun or venture into the jungles to catch sight of the Hindu temples and renowned rice paddies that Bali is famous for. From local markets to pulsating nightclubs to the year-round art and culture, Bali has earned its reputation as a top spot for travelers.

Condo types in Bali

Renting a condo in Bali is both cheap and easy, and the options are wide-ranging. Modest studio apartments can be found for as little as 150 USD per month in a location such as Denpasar, while a spacious three-bedroom condo can be rented for as little as 600-700 USD per month across the island. 60 percent is buyers in Bali are Indonesian while 40 percent are foreign investors. House prices in Bali have increased steadily in the last 15 years. Only Indonesian citizens have ownership rights. Foreigners can be granted lease rights and if they have a resident visa, rights of use.

Popular Parts of Bali

  • Denpasar- The most populous and metropolitan area of Bali is the big city of Denpasar. With roughly half a million residents, it provides all the creature comforts of the Western world that can be harder to find on other parts of the island. There is a multitude of renting options for prospective residents, as well as excellent shopping, fine dining, and nightlife.
  • Kuta- Easily one of the most popular and tourist-friendly areas in Bali, Kuta is known for its beautiful beaches and wild, late-night beach clubs. Surfing, snorkeling, and scuba diving are all popular and there is no shortage of fine dining or exotic shopping to be had. Condo rentals are extremely easy to come by on this part of the island.
  • Seminyak- Similar to Kuta, though not quite as busy or crowded, Seminyak is known for its luxury 5-star resorts and its fine dining, shopping and nightlife. The beaches are of pristine quality and there is always something exciting to do or see. There is an abundance of condo rentals to choose from and a large selection of villas and luxury resorts.
  • Canggu- Far more relaxed than Kuta or Seminyak, the town of Canggu has been growing steadily in popularity in recent years. It is popular with backpackers and digital nomads and it boasts some of the most beautiful beaches on Bali.
  • Ubud- is a little bit off the beaten track, but if you prefer the mountainous region (with peaks as high as 3000 meters above sea level), then Ubud is the place to be. Here you will find some of the best natural scenery that Bali has to offer, including ancient Hindu temples and rich, lush jungle forests. While it’s not quite as busy or popular as its beachfront neighbors Seminyak and Kuta, there are still plenty of housing options to choose from.
  • Umalus- Not far from Seminyak, Umalus provides a much sleepier vibe. It’s close enough to Seminyak to make a quick motorbike trip, but without being too far away.
  • Nusa Dua- is located about 40 km from Denpasar and is the capital of Bali province and is Home to many of the island’s fanciest and most luxurious resorts, Nusa Dua also sports some of the sleekest, white sand beaches on Bali, and has long been a favorite of surfers.
  • Sanur- attracts a quieter crowd and fewer tourists. There are upmarket resorts, spas, a 9-hole golf course, a beach, plenty of great restaurants, plus live music and bars for those who wish to let their hair down. It is close to the airport making it an ideal place before or after your flight, and for catching a fast boat to the Gilis or Nusa Islands.

Standard of Living in Bali

Bali is considerably more affordable than in the western world. A cheap meal will cost you roughly back USD 1.75, while a three-course dinner for two at a quality restaurant will cost roughly USD 12.00. A bottle of domestic beer is USD 2.00 while a mid-range bottle of wine will cost you in the region of USD 14.00. Gas is just USD 0.61/liter and a taxi ride is roughly USD 0.50. Utilities average out to approx USD 60.00. Groceries are best purchased at the local markets, where you can haggle for even better-than-listed prices. The living costs here are just a fraction of what they would be on a Caribbean island such as Aruba or Antigua.

Top 4 reasons to invest in Bali

  1. Affordability- Approximately 13,000 Indonesian Rupiah equals one U.S. dollar, providing an affordable choice in comparison to inflated living costs in the West. A person can live in relative comfort and safety in Bali for as little as USD 650 to 1700, per month.
  2. Growth- In the year 2018 alone, Bali enjoyed economic growth of 5.2% and investment growth of 6.9%, with numbers expected to show continuing growth in the future.
  3. Tourism - Bali has enjoyed a large increase in tourism over the past few years. In 2016, approximately 26,632 tourists visited Bali every single day, and in 2018, the island saw approximately 5 million visitors. The increase in Western tourists suggests that Bali will continue to enjoy prosperity going forward, which is sure to stimulate the local economy and boost the quality of living even further, for tourists and locals alike.
  4. Demand- The U.S. News and World Report has ranked Bali the second best place to visit in all of Asia, as well as ranking it number 10 on their list of the best island vacation destinations and number 23 on their list of the world’s best overall travel destinations, respectively.