- Sign up or Log in
IDR - Rp
Learn more about the Bali property market through trends and average prices.
Often referred to as the “Island of the Gods”, Bali is an Indonesian province in the western part of the Lesser Sunda Islands. Located west of Lombok and east of Java, this Indonesian province consists of the Island of Bali and several neighboring islands, including Nusa Ceningan, Nusa Lembongan, and Nusa Penida. Denpasar is the capital city of Bali and is located to the south.
The number of international tourists visiting the island of Bali has been increasing over the past five years. According to the Bali Tourism Directory, there have been a recorded 2.3 Million tourists to have visited Bali by mid-2018, dominated by Chinese, Australian and the other Asian nationals.
Bali offers a wide selection of property types which cater to all types of people. The most popular property listings in Bali include houses, villas freehold and leasehold properties infamous areas such as Badung, Jimbaran, Bukit, Canggu, Kerobokan, and Seminyak.
However, buying an apartment is often the cheapest way to acquire a property in Bali. Most apartments are Strata title or right of use title. For the investors, beachfront properties are still a favorite since they have good potential for being a hotspot for building luxurious hotels and villa resorts that attract tourists.
Individual expats are allowed to own residential properties as long as they can provide benefits to national development, reside permanently or temporarily in Indonesia, and have immigration documents or a work visa. If they match the criteria they are allowed to Non-subsidized houses on land with Right of Use title, Strata-title apartment units on land with Right of Use title; or vacant land with Right of Use title.
Dance forms a unique part of Bali culture and the more popular dances are the Baris dance, Legong dance and Monkey Dance and the most traditional, the Barong dance. In terms of religion, about 84% of the population practices Balinese Hinduism and 14% of the population is Islam.
Balinese wear modern clothes. However, when at home, they change into traditional clothing such as sarong. For men, they have formal wear called kamben, a type of sarong wrapped around the waist. They would also wear endek, made of Indonesian Ikat fabric. For women, they would wear a belt or sash that goes up to their armpits for formal events.
The Balinese have specific grouping for their social classes and people are divided into different castes— Brahmana, Satria, Wesia and Sudra. Balinese people are known to be very polite, considerate and friendly to everyone they meet.
A standard Balinese meal consists mostly of vegetables, rice, and proteins such as tempeh, fish tofu, and chicken. They’re also fond of chili sauces. However, their ceremonial feasts are very different since they eat whole pigs, turtles, and bats.