In the dynamic landscape of the real estate market, the post-Covid era since 2022 has witnessed a rapid and consistent upward trajectory.
Market prices, have been scaling new heights, with land values surging by an impressive 50-120% in one year. Villa prices have been experiencing an increase of roughly 20-30% when compared to the previous year 2022 or the pre-Covid era.
A key contributor to this surge is the strategic expansion of market development in Bali. While historically focused on the southern region of the island, the real estate landscape is gradually expanding westward along the coastline. This geographic shift aligns with the increasing demand from potential buyers seeking an environment with a warm climate, pristine ecology, robust infrastructure, and the myriad attractions that Bali has to offer.
Buyers are not just seeking a beautiful place to live; they are also eyeing investments that promise stable rental income and substantial growth potential.
The real estate markets in many developed countries are currently overpriced, offering minimal profitability.
This is where Bali shines, investors have recognized the island’s untapped potential, resulting in a surge of investments and growth in recent years.
Indonesia, as a whole, is making waves in the global real estate arena. The Indonesian Real Estate market is projected to grow from USD 61.22 billion in 2023 to USD 81.24 billion by 2028, boasting a Compound Annual Growth Rate (CAGR) of 5.82% during the forecast period (2023-2028). This impressive growth is attributed to Indonesia’s commendable macroeconomic and structural policies implemented over the past 15 years. With a robust and stable growth rate, Indonesia is catching up with its regional counterparts, positioning itself as an investment powerhouse in Asia.
