Many investors have been thinking whether investing in Canggu, one of Bali’s most desired destinations, still holds value amidst the soaring prices and fierce competition for land among developers. Let’s explore the pros and cons:
Pros:
- Potentially lower risk: Canggu’s popularity among expats provides a stable income stream with prices frequently rising.
- Rental Potential: Tourists and expats drive a consistent demand for rentals in Canggu , which offers opportunities to buy, for long-term leases or short-term vacation rentals and high returns on investment.
- Booming F&B and nightlife scene: Canggu is now home to some of the finest restaurants and bars, attracting many different groups of tourists.
Cons:
- Higher Costs: Compared to other areas in Bali, prices in Canggu tends to be relatively high
- Increased amount of development projects: The abundance of development in Canggu has led to a decline of rice field views and quiet, pristine areas typical for Bali.
- Traffic issues: As Canggu continues to gain popularity, so the traffic situation does increase
Ultimately, the decision to invest in Canggu depend on your risk tolerance and return expectations. While investing in Canggu may be easier due to its established infrastructure and popularity among tourists, it is important to consider that the higher property prices may influence potential investment returns when compared to other parts of the island.
