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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.
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.
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.
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