Real Estate in Bali – #1 Property Prices in Bali

•••••
Facebook
Twitter
LinkedIn
Bali real estate
Image by Lucija Ros on Unsplash.

Last year I sat down with Terje H. Nilsen, co-owner of Seven Stones Indonesia to discuss “What’s Wrong With Real Estate in Bali?” and we discussed six aspects of the property market here we thought would have the largest impact on both vendors and buyers.

We concluded that, despite what many pundits were saying, that actually nothing was wrong! It’s the sentiment and perception that’s not exactly right.

A year later, we thought it about time to give you an update and to see if our perceptions were on point or not.

This is the first in a series of six posts that Terje looks at each issue we raised. The first being about property prices, because there have been claims that transactions had slowed after 15 years of unprecedented growth. We wanted to see if this was actually true or not and if it was why.

What Terje noted last year was that certain areas were experiencing a slow down. He argued this was because popular locations like Seminyak and Sunset just didn’t make financial sense any more. Prices were sky rocketing and value was being undermined because of it.

He suggested that this was a driving force to push interest into other, cheaper parts of Bali like Canggu and further west, to Ubud as well as all along the east coast.

So, a year later, the question is was this accurate and what’s been happening?

Terje believes an adjustment in those hot spots has happened and we’ve seen properties being transacted at lower prices.

This is good news!

However, there are still owners who are holding on, praying that prices will turn and pick up again.

They will, but we don’t think it’s a good idea to hold your breath for too long.

In the outer areas not much has happened. This is largely because there simply hasn’t been much interest.

Terje predicts this will change, especially as tourism numbers continue to grow and Bali is slated to become a center of distribution for those visitors into the government’s plan to develop new tourist destinations across the country, which it’s calling the “10 New Bali’s”.

Overall he thinks property prices have reached the lowest they’re going to get. The market has stabilized and prices in prime areas are slowly on the rise again and seeing good capital gain. Just not as much as before.

The difference between leasehold and freehold is also something worth considering as this seems to be dependent on areas and popularity. We wrote a blog recently about the Market Forces in Bali Real Estate, which addresses this.

Another thing to talk about are projects and the impact they will have on prices in their respective areas. Trump’s new resort in Tanah Lot being a prime example, but there are others slated for Tabanan and Pandawa near Nusa Dua.

Many thanks for your time Terje and I look forward to posting the next installment of our series on Market Forces in Bali Real Estate.

If you’d like more insights into Bali’s property market get in touch with us today through hello@sevenstonesindonesia.com

 

 

Table of Contents

Related Post

Plot The Story Of Your Business Success
Plot The Story Of Your Business Success
Indonesia's Golden Age and Jokowi's Election Victory
The Great Indonesia-Australia Reset: More of The Same or Genuine Change?
The Great Indonesia-Australia Reset: Same or Genuine Change?

Popular Tags

To maintain our professional standard, we have established strong presence in the center of Jakarta and Bali to serve you better. Visit us at :

Jakarta
Noble House, 9th floor unit 2B
Jl. Dr. Anak Agung Gde Agung, Kav E.4.2 no. 2
South Jakarta – 12950

Bali
Jl. Sunset Road No. 777
Seminyak, Bali – 80361 “

We’re committed to being accessible. Find our offices in Jakarta and Bali, staffed with local experts who understand your unique needs. Also we extend our reach with our collaborative partners.
Seven Stones Indonesia
Jl. Sunset Road No.777, Seminyak, Kec. Kuta, Kabupaten Badung, Bali 80361
Seven Stones Indonesia Jakarta
Noble House, 9th Floor, Jl. Mega Kuningan Barat, RT.5/RW.2, Kuningan, Jakarta 12950
Monday Co-Working
Jl. Toya Ning II, Ungasan, Kec. Kuta Sel., Kabupaten Badung, Bali 80361
B Work Bali
Jl. Nelayan No.9C, Canggu, Kec. Kuta Utara, Kabupaten Badung, Bali 80361
Show Places
Seven Stones Indonesia
Jl. Sunset Road No.777, Seminyak, Kec. Kuta, Kabupaten Badung, Bali 80361
Open in Google Map
Seven Stones Indonesia Jakarta
Noble House, 9th Floor, Jl. Mega Kuningan Barat, RT.5/RW.2, Kuningan, Jakarta 12950
Open in Google Map
Monday Co-Working
Jl. Toya Ning II, Ungasan, Kec. Kuta Sel., Kabupaten Badung, Bali 80361
Open in Google Map
B Work Bali
Jl. Nelayan No.9C, Canggu, Kec. Kuta Utara, Kabupaten Badung, Bali 80361
Open in Google Map
×

Geocoding Error Occured.

Tried to Geocode:

Error Type:

Please be sure to follow the tutorial on how to setup the Google APIs required for the Advanced Google Map Widget.

Google Map API Key Tutorial
Please enable JavaScript in your browser to complete this form.
Name

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.