Bali's Hidden Water Temples

• iOS : https://itunes.apple.com/fr/app/whatsapp-messenger/id310633997?mt=8
• Android :https://play.google.com/store/apps/details?id=com.whatsapp&hl=fr

Go-Jek:
Go-Jek is a transport and delivery app. It was started up by Indonesian developers and is widely used, with over 250,000 motorcycle taxi drivers. You can order a motorcycle taxi or conventional taxi ride.
They also have a food delivery service, so if you ever need a burger delivered, or beer from the mini mart, Go-Jek is for you!
Also, you can create a shopping checklist for groceries, and even to order a spa therapist for your villa.
Go-Jek offers to travel up to 25 km for 38,000 Rupiah (3 USD). If you are on a short trip, the average trip is 15 000 Rupiah (~1 USD), which includes a helmet, a mask, and rain cape.

Available on :

• iOS: https://itunes.apple.com/id/app/go-jek/id944875099?mt=8
• Android: https://play.google.com/store/apps/details?id=com.gojek.app

Maps Me :
Maps me is an application that once you have downloaded the map of the city or country thanks to the Internet, you can use the GPS and the map without internet connection anywhere and do not lose you.
Furthermore, you have the directions of routes to points of interest (POIs), hiking trails and places that are detailed.
You can use driving, walking and cycle navigation anywhere in the world.

Available on :

• iOS:https://itunes.apple.com/us/app/maps-me-offline-map-with-navigation-directions/id510623322?mt=8
• Android:https://play.google.com/store/apps/details?id=com.mapswithme.maps.pro&hl=fr

XE Currency :
When you need to change your dollars into rupiah, this app can be quite handy in finding out the most current global rates out there. You can convert any currency with XE Currency. The app can store your last updated search, and its conversions can still work offline.
It’s especially good to use to compare what’s being offered at the currency exchange chart. Don’t worry, discrepancies in tens or hundreds of rupiah are still acceptable.

Available on :

• Android: https://play.google.com/store/apps/details?id=com.xe.currency
• iOS: https://itunes.apple.com/us/app/xe-currency/id315241195?mt=8

MSW :
Many come to Bali for the world-class surf… and this mobile app is just great for getting up-to-date info. This app provides you with detailed surf forecasts in almost every popular surfing destination.
Forecasts include surf ratings, swell sizes, periods and wave heights, wind strength and directions, and temperature. 

Available on :

• Android:https://play.google.com/store/apps/details?id=com.phonegap.MSWMobile
• iOS: https://itunes.apple.com/us/app/msw-surf-forecast/id322103952?mt=8

TripAdvisor :
TripAdvisor is a well-known app that offers reviews and advice to tourists about the different hotels, restaurants, leisures, and areas.
Also, there are tools for booking accommodation and airline tickets comparing hundreds of websites in order to find the best prices.

Available on :

• iOS:https://itunes.apple.com/us/app/tripadvisor-hotels-flights-restaurants/id284876795?mt=8
• Android:https://play.google.com/store/apps/details?id=com.tripadvisor.tripadvisor&hl=fr

Google Translate :
Knowing some simple local phrases can get you out of tight situations, such as asking for directions or haggling at the art market.
This web-based mobile app simplifies the user experience of the desktop version.
Although the translation of long contexts can result in weird sentences most of the time, you can always get your way with the closest approximate Indonesian phrases to score a good bargain.

Available on :

• iOS: https://itunes.apple.com/us/app/google-translate/id414706506?mt=8
• Android:https://play.google.com/store/apps/details?id=com.google.android.apps.translate

LAZADA :
Lazada is an app to enjoy exclusive deals.
This is the leading online department store in South East Asia!
They offer a unique online shopping experience with great deal offerings, multiple payment options including cash on delivery, after-sales service with warranty commitment.
You can enjoy effortless shopping on a wide range of products from your favorite brands across the different categories like electronic, fashion, home and living, health and beauty, baby, toys at your fingertips.

Available on :

• iOS:https://itunes.apple.com/us/app/lazada-online-shopping-deals/id785385147?mt=8
• Android : https://play.google.com/store/apps/details?id=com.lazada.android

The Indonesian government has been proactive in creating a conducive environment for foreign investors. However, foreigners can’t own property in Indonesia without a golden visa (KITAS) –also referred to residence permit. Read more about property ownership titles here. Fortunately, this commitment to fostering a friendly investment climate enhances the appeal of Bali as a destination for global investors looking to diversify their portfolios.

5. Increasing Demand for Luxury Properties

Bali has witnessed a growing demand for luxury properties, driven by an influx of high-net-worth individuals seeking exclusive retreats. The island's unique blend of natural beauty and cultural richness attracts discerning buyers looking for premium real estate. Investing in upscale properties in Bali in 2024 positions you strategically to cater to this rising demand.

6. Sustainable Development Initiatives

Bali is increasingly embracing sustainable development practices. Eco-friendly resorts, green architecture, and a focus on preserving the island's natural beauty are becoming integral to new projects. Investing in Bali aligns not only with financial goals but also with the global trend towards responsible and sustainable investments.

7. Potential for High Returns

Historically, real estate in Bali has demonstrated strong appreciation. With the current economic and tourism resurgence, there is significant potential for high returns on investment. Whether you are considering short-term gains through rental income or long-term appreciation, Bali offers a compelling case for investors seeking profitable opportunities.

In conclusion, 2024 presents a golden opportunity for real estate investors to capitalize on the unique advantages offered by Bali. With a resilient economy, a rebounding tourism sector, ongoing infrastructure development, and a favorable regulatory environment, the Island of the Gods stands ready to welcome savvy investors looking to secure their stake in paradise. As the global economic landscape evolves, investing in Bali is not just a financial decision; it's an investment in the timeless allure of a destination where natural beauty and cultural richness converge to create a truly unparalleled experience.

According to the report published by Statistics of Bali Province (BPS), the number of foreign travelers that arrived in March 2022 via air travel was 14.617 visitors, which is 11 times more than in February when travel restrictions began to ease. This number grew exponentially again in April, reaching 58.315 visitors in just one month. The official figures for May and the subsequent months weren’t released yet at the time of this writing, but it’s apparent that Bali is welcoming more and more visitors considering the recent development in the vacation home rental market which we’ll discuss below.

Digital nomads will be able to work from Bali for 5 years using a special visa

Photo by Peter Olexa

In addition, the government has announced the plan to issue a special visa for digital nomads soon. This visa will be a huge advantage for remote workers in Bali because it has a 5-year validity and the visa holder’s foreign-sourced income won’t be taxed. The plan was meant to be launched back in 2021 but had to be put on hold due to worldwide travel restrictions, and now is just the right time to put it back in motion again. 

Also read: Top 5 Places in Bali For Villa Investment

Villa rental revenue & occupancy rate increases significantly

The average monthly revenue of vacation home rentals continues to increase every month since Bali reopened, yielding double the amount generated in February within 3 months. Occupancy rate experienced a steady increase as well, with an average of over 60% from February to April and reached 80% in May. Villas in the 75th percentile performed remarkably better, yielding almost triple the revenue in February alone while the occupancy rate remained steady at over 90% from February to May.

Monthly revenue & occupancy rate of vacation home rentals in February - May 2022

Source: AirDNA

The opening brought back the trend that was last seen in 2019, when the vacation rental market enjoys good returns and continues to grow each year. Despite still in the early phase, the data proves that Bali’s short term rental industry can rebound quickly provided that the number of international visitors continues to skyrocket. At Bali Home immo, we also noticed that many villas for long term rental that were frequently available are now difficult to book due to overwhelming demand, which is a good indicator of increasing occupancy rate not only in short term rental but also in yearly and monthly rental villas.

Also read: How to Start an Airbnb Rental in Bali as a Foreigner

Market trend is shifting to pre-COVID statistics

After a long hiatus, the trend has shifted to pre-COVID times in such a short time span. Market revenue in May 2022 nearly matches the historical data of December 2019 and January 2020, yielding almost 120 billion IDR in just 3 months. Before COVID, the market was at an all time high with demand and revenue constantly increasing over the years. This development might mark the return of Bali’s lucrative vacation rental industry, presenting a golden opportunity for real estate investors to welcome a new wave of travelers eager to spend their holidays or settle on the island.

Villa rentals in Bali are thriving since the border reopened

Photo by Bali Home Immo

Looking to buy or rent a villa in Bali? Our selection of villas for sale and rent covers the best areas including Canggu, Seminyak, Pererenan, Sanur, Uluwatu, and more. Interested in buying land suitable for residential or investment development? We also have an extensive selection of land for sale and lease that you might be interested in. No matter what your goal is, we aim to help find the right property that suits you perfectly so please don’t hesitate to contact us.

Also read: How to Earn Passive Income from Property Investment in Bali 

Disclaimer: The content of this publication is provided as general information only and does not constitute legal, financial, tax, or other professional advice from Bali Home Immo. Some of the information provided on this publication is obtained from a third-party source and we do not guarantee that the content of this publication is accurate, complete or up-to-date. Past performance is not indicative of future performance and should not be relied upon as a basis for an investment decision.