Bali is all about lifestyle
Most of the growth in property market transactions in Bali has come from
people looking for a second home, lifestyle or investment property,
says the team at Jones Lang LaSalle Indonesia
The unprecedented growth of
Bali’s tourism sector has cast a
positive light on the island’s
overall economy, which relies
heavily on the tourism market.
Developers, hoteliers and
tourism operators – along
with the entire private sector
– continue to invest heavily to
support the current and ongoing growth in demand from
both local and international
visitors. Because of this, resort
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real estate, or managed resort
residential properties, is a particularly exciting focus for the
Jones Lang LaSalle Bali office.
Dan Miller, head of the
Jones Lang LaSalle Bali office,
says one particular market is
showing a lot of interest.
“Most of the growth in
property market transactions
in Bali has come from people
looking for a second home, lifestyle or investment property.”
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Many
investors
want
properties located within a
professionally managed hotel,
resort, or other managed property. The product mix is varied
and includes hotel rooms,
condotels, apartments, condominiums, townhomes, and
villas.
Just as Bali has experienced
double digit annual growth
in tourist arrivals, property
values
have
also
generally experienced double
digit appreciation consistently
across all sectors, including raw land, landed homes,
resort real estate and managed
residential real estate.
Indonesian nationals play
a large role in the success of
Bali as a tourist and property
investment destination. This
is due to the strong domestic growth the country has
experienced in recent years,