Some 6 months after COVID-19 has gripped the world in panic and continues to wreak havoc on the world economy, it’s time to take stock and see what happened to the Bali property market and what might be the outlook for the future.Bali went through a handful of different crises in the past decade. From bombs to SARS to GFC to volcanic eruptions, just to mention the most important ones. What happened...
“How much is my villa worth?” This is probably one of the most difficult questions to answer for a real estate agent in Bali. And rightly so. After decades of growth and increasing prices, making Bali one of the top performing real estate markets on the globe, the Bali property market has seen an unprecedented downturn at the end of 2016. Whilst there are numerous reasons for this development,...
Now that your villa looks almost like new, what good is it going to do if you present it using those old photographs you took 10 years ago or those your son shot with his new iPhone or his drone. Convincing owners to spend money on professional photography is perhaps the most difficult part in the life of a real estate agent, and many writers have commented on this topic recently. First of all,...
A quick glance at listing portals and real estate websites confirms what we already feared: there is an awful lot of villas for sale in Bali. As a representative of one of Bali’s leading real estate agencies and member of the Gapura network, I can only add that the number of villas for sale is growing daily and only a tiny fraction is actually selling. So what are you going to do to stand out...
In the last part on Due Diligence I talked about acquiring a property as leasehold and I stressed the importance of properly structuring the extension of the leasehold term. Today, we are talking about acquiring a freehold property and I will introduce a title that is available to resident foreigners and quasi equivalent to freehold. Having said that, let me make this very clear: the...
In the first two parts on due diligence, I talked about knowing your agent and the neighborhood of your property. Today, we are taking the next step and prepare to buy the property that was selected. Before we begin, let me state that I am not a lawyer and don’t intend to give legal advice here. For that matter, there are qualified legal experts at your service and we are happy to point you...
In my first installment on due diligence I explained how important it is to know your agent before you arrive in Bali. In today’s installment I talk about what happens once you have arrive in Bali and are ready to view those beautiful properties that you have shortlisted during the last few months with your agent. You are particularly excited to see that villa on top of your list, because you...
If you think that DD starts once you have actually decided to buy a particular villa and that this is something for your lawyer or notary only then think again because you could save yourself a lot of trouble. I recommend you get in DD mode right from the beginning, right after you type ‘Bali real estate’ or ‘Bali property for sale’ in a Google search and start browsing all those...
Insurance is a means of protection from financial loss. It's a form of risk management all homeowners should consider. Nobody can predict the future but you can go a long way to protect yourself from the unexpected. So the short answer is "yes," you should insure your property in Bali. And it's not difficult to do. If you're simply looking to protect your family home or business investment,...
Bali has everything one could ever want; exquisite beaches, ambient weather, stunning landscape, diverse cuisine and a vibrant culture. It’s no surprise that this glorious island has become one of the most sought-after holiday destinations, with most visitors turning their short stays into permanent stays or pooling their money into acquiring a holiday home that they can frequent whenever needed. It...