Bali: investment prospects in 2023*
The island of Bali, which faced a serious decline in tourist flow due to the pandemic in 2021, is now undergoing a recovery, attracting the attention of investors. Previously, the tourism sector accounted for 80% of Bali's total income, and its absence has left a noticeable mark on the economy. However, we now see growth prospects supported by several key factors.
1. Year-round demand: Even in the midst of seasonal rains, Bali continues to attract vacationers. The Director General of the international airport stressed that the results are expected to improve in 2023, given that the airport serves 48,000 passengers daily.
2. Active expansion of infrastructure: Investors are attracted to real estate in areas with developed infrastructure. The limited area for development provides a high potential for housing price growth. Currently, construction is actively underway on the island, especially in popular areas such as Changu, Uluwatu and Ubud.
3. Demand for housing near the first line of the ocean: There is practically no free land near the first line of the ocean, which ensures high occupancy and rising rental prices in the future. The growth rate of rents in Bali is 15-20% annually, providing a stable passive income and a quick return on investment.
Bali is once again becoming an attractive investment destination, offering unique opportunities in the island's recovering economy. Investors who have invested their funds now can count on a stable income and a significant price increase in the future.
