International Bali Visitors Drastically Increasing after the pandemic. Based on the latest report from the Bali Government.
If we look back, the pandemic has had a severe effect on Bali, as it has on many other areas around the world. Many businesses have had to close or reduce operations due to decreased demand, and unemployment has risen significantly. The local population has been hit hard, both economically and emotionally.
Covid-19 pandemic is not the only one Bali been face.
Over the last 10 years, Bali has seen a lot of changes. From the introduction of new infrastructure and improved transportation, to the increasing number of tourism and development, to the devastating natural disasters that have impacted the island, the past decade has been eventful.
In 2011, the Lombok earthquake caused devastating damage to the island, with a death toll of over 500 people and an estimated $300 million of damage to infrastructure.
2017, a series of volcanic eruptions from Mount Agung, located in the East of the island, resulted in thousands of people fleeing their homes to evacuate the area due to the potential for a larger eruption.
In addition to the natural disasters, Bali has also seen an increase in tourism, with the number of tourist arrivals increasing from 1.6 million in 2009 to 5.5 million in 2018.
Even so, Bali always come back stronger. After the last Covid disaster, Bali shows its progress, let see how data show how Bali survive:
Data from BPS Bali Province (Badan Pusat Statistik) shows how drastically international tourists visit Bali. We recap the data updated in early 2023 by the government as the comparison Bali International Visitors from 2020, 2021 and 2022.
The Data from BPS shows that total Bali International visitors in 2020 reached 1069473. Drastically decreased in 2021 to 51 visitors. Dramatically increased to 1778471 visitors in 2022 (2022, December data is not included).
Bali will always remains a popular tourist destination, despite the recent issues affecting the region.
As Bali come back stronger, so the local business along with the real estate Industry. If you visit Bali lately, you probably notice how many development and construction around the areas.
This is the perfect timing for you to invest in Bali Villa, as Bali shows amazing start after huge Covid-19 outbreak.
Investing in a Bali villa is a great way to get a great return on your investment. It is best to invest during peak tourist seasons, as this is when demand for villas is highest.
You should also consider the location of the villa, as certain areas may have higher demand than others.
Best area for now is still Canggu, but as Bali is still developing we suggest you to explore other areas, such as Pererenan, Tumbak Bayu and Kedungu.
We provide more informations for you regarding the cost beside the villa net price such as “Taxations You need to be Paid in Buying Bali Villa“.
We are happy to share with you this good news from the “Island of Gods”…
Stay Healthy and Wealthy.
If you need more information, reach out to us for any free consultation! We will be great hands for your Bali Villa Investment.
Instagram: @tealestateco
Facebook: @tealestateco
WhatsApp: +62 812 4638 412 3
Email: inquiry@tealestate.co
Hey buddy, how can we help you?
Type of property ownership dedicated for local investors or foreigners under legal cooperation in Indonesia. The freeholder of a property owns it outright, including the land it is built on. If you buy freehold, you’re responsible for maintaining your property and land, so you’ll need to budget for these costs and taxes.
Surat Hak Milik (SHM) / Surat Hak Guna Bangunan (SHGB)
Lifetime, or until it’s sold to a new owner
Indonesian individual only or foreigner who has a company in Indonesia (PMA) to buy the property under that company’s name
Type of property ownership for foreign investors who are willing to purchase the property as an individual. With leasehold, you own the property (subject to the terms of the leasehold) for the length of your lease agreement with the freeholder. When the lease ends, ownership returns to the freeholder, unless the contract states guaranteed lease extension at future market price.
Akta Sewa / Right to use – Right to rent
Average 20-30 years, with possible extension. Maximum 99 years
All people including Indonesian and foreigner with KITAS-Visa status