Property buying guide for Indonesia
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Property Prices in Bali, Indonesia in 2024

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Bali Property Market Overview

The latest residential property price monitoring report from Bank Indonesia, covering the second quarter of 2023, reveals that prices in the off-plan market continue to rise year-on-year. The Residential Property Price Index (RPPI) has grown by 1.92% (YoY), up from 1.79% in the previous quarter.

The resort areas of Indonesia have witnessed a surge in demand due to an influx of foreign tourists and expats. Bali is experiencing a surge in tourist arrivals, with 2023 figures exceeding those of 2022 and approaching pre-pandemic levels. Last year, a total of 5,273,258 tourists visited the island, representing a 24.5% increase compared to 2022.

graph1

Source: Bali Government Tourism Office

The peak season for 2023 was July to September, with an average of 500,000 tourists per month. January to March 2023 was a relatively low season.

Bali real estate 323 listings on Tranio
New freehold complex of apartments and villas in Bukit, Bali, Indonesia for From $124,000 From $124,000
New freehold complex of apartments and villas in Bukit, Bali, Indonesia

Completion in: 2025.IV 48 units in total

Prestigious residential complex with a good infrastructure in Canggu, Badung, Indonesia for From $138,000 From $138,000
Prestigious residential complex with a good infrastructure in Canggu, Badung, Indonesia

Completion in: 2025.I Total of 148 apartments

Complex of apartments with 5-star services directly on the beach, Seseh, Bali, Indonesia for From $197,000 From $197,000
Complex of apartments with 5-star services directly on the beach, Seseh, Bali, Indonesia

Total of 132 apartments

New business complex of offices and apartments, Tegallalang, Bali, Indonesia for From $79,000 From $79,000
New business complex of offices and apartments, Tegallalang, Bali, Indonesia

Yield 13.0% Completion in: 2026

Hotel rooms for passive income in Uluwatu, Bali, Indonesia for From $138,000 From $138,000
Hotel rooms for passive income in Uluwatu, Bali, Indonesia

Completion in: 2025.I Total of 250 apartments

New residential complex of apartments and townhouses in Nuanu, Bali, Indonesia for From $159,000 From $159,000
New residential complex of apartments and townhouses in Nuanu, Bali, Indonesia

Completion in: 2025.II Total of 50 apartments

Turnkey apartments with ocean views in a residential complex surrounded by greenery, Uluwatu, South Kuta, Bali, Indonesia for From $300,000 From $300,000
Turnkey apartments with ocean views in a residential complex surrounded by greenery, Uluwatu, South Kuta, Bali, Indonesia

Completion in: 2026.I Total of 44 apartments

First class beachfront complex of villas and townhouses with a huge swimming pool and restaurants, Melasti, Bali, Indonesia for From $245,000 From $245,000
First class beachfront complex of villas and townhouses with a huge swimming pool and restaurants, Melasti, Bali, Indonesia

600 units in total

Bali Property Market Trends in 2024

Bali is currently experiencing a surge in foreign investments in the real estate sector. Market growth is projected to continue in the coming years, driven by a robust economic landscape that includes a thriving tourism industry.

One of the key trends anticipated in Bali’s property market is the rising demand for luxury properties. The island’s reputation for luxury resorts and villas has been well-established, and in recent times there has been a noticeable shift towards a growing interest in luxury real estate. Local property developers have reported that investors from Japan, South Korea, and Australia are actively investing in luxury villas and premium townhouses.

Tranio’s experts anticipate a moderate increase in prices over the coming months: the increase in demand and limited supply of new buildings will drive the market up.

Tranio’s statistics reveal a 14% increase in property purchase applications for Bali in 2024. The Bali property market has attracted significant international capital investment since 2022, with buyers from the UK and Australia among those with an interest in property on the island.

Our clients typically invest in Canggu property. They initially invest $140,000 at launch and then resell once the property price has increased by more than 30%, typically within a five-year period. However, in five years, we anticipate that this area may be overheated. This could result in a lack of new buildings, as the land may be fully developed.

Angelina Belyaeva Angelina Belyaeva Real Estate Product Manager in Southeast Asia

Bali Property Prices by Area

Bali’s real estate market offers a diverse range of attractive investment opportunities to investors. The price of property is determined by a number of key factors, including location, property type (villa or apartment), availability of a swimming pool, property size and sea proximity.

Average price per square metre for a fully furnished villa with premium finishes

District

Average price per square metre, $

Canggu, Berawa, Umalas, and Seminyak

3,300

Sanur

2,250

Bukit Peninsula

3,500

Ubud

2,500

Source: Tranio’s data on residential properties in Bali in 2024

Property prices on the South Coast

Bali’s southern coast is an attractive investment and tourist destination. The area offers a diverse range of properties, from affordable apartments to luxury villas. The market in Canggu and Berawa is dynamic, with new properties being introduced on a regular basis. Luxury new-build properties with swimming pools and modern design are available from $126,000.

We have observed that high-end properties are concentrated in the Bukit area, while more affordable options are available in Canggu, Berawa, and Umalas, catering to those seeking to spend between $100,000 and $200,000. These areas offer a convenient option for short-term rentals.

Angelina Belyaeva Angelina Belyaeva Real Estate Product Manager in Southeast Asia

The areas of Canggu, Berawa, Umalas and Seminyak are currently offering a number of projects and opportunities for both residential and investment properties. The well-known Batu Bolong Beach is situated between the districts of Canggu and Umalas and is renowned for its beautiful sandy shore and crystal-clear waters, as well as its ideal surfing conditions. Waves suitable for both beginner surfers and experienced riders can be found here.

Bali apartments for sale 70 listings on Tranio
New freehold complex of apartments and villas in Bukit, Bali, Indonesia for From $124,000 From $124,000
New freehold complex of apartments and villas in Bukit, Bali, Indonesia

Completion in: 2025.IV 48 units in total

Prestigious residential complex with a good infrastructure in Canggu, Badung, Indonesia for From $138,000 From $138,000
Prestigious residential complex with a good infrastructure in Canggu, Badung, Indonesia

Completion in: 2025.I Total of 148 apartments

Complex of apartments with 5-star services directly on the beach, Seseh, Bali, Indonesia for From $197,000 From $197,000
Complex of apartments with 5-star services directly on the beach, Seseh, Bali, Indonesia

Total of 132 apartments

New business complex of offices and apartments, Tegallalang, Bali, Indonesia for From $79,000 From $79,000
New business complex of offices and apartments, Tegallalang, Bali, Indonesia

Yield 13.0% Completion in: 2026

Hotel rooms for passive income in Uluwatu, Bali, Indonesia for From $138,000 From $138,000
Hotel rooms for passive income in Uluwatu, Bali, Indonesia

Completion in: 2025.I Total of 250 apartments

New residential complex of apartments and townhouses in Nuanu, Bali, Indonesia for From $159,000 From $159,000
New residential complex of apartments and townhouses in Nuanu, Bali, Indonesia

Completion in: 2025.II Total of 50 apartments

Turnkey apartments with ocean views in a residential complex surrounded by greenery, Uluwatu, South Kuta, Bali, Indonesia for From $300,000 From $300,000
Turnkey apartments with ocean views in a residential complex surrounded by greenery, Uluwatu, South Kuta, Bali, Indonesia

Completion in: 2026.I Total of 44 apartments

Apartments for rent in a developed aparthotel space, with yield from 12%, Ubud, Bali, Indonesia for From $111,000 From $111,000
Apartments for rent in a developed aparthotel space, with yield from 12%, Ubud, Bali, Indonesia

Completion in: 2025.IV Total of 300 apartments

Property Prices in Bukit

The Bukit Peninsula is renowned for its idyllic beaches, opulent villas, exceptional restaurants, and world-class resorts. This exclusive location attracts those who desire privacy and comfort in a lavish environment. There is a diverse range of property options in Bukit. Apartments are available at a variety of price points, starting at $100,000 and reaching over $250,000. Villa prices span a wider range, starting at $250,000 and reaching several million dollars. Tranio offers a range of properties on favourable terms to suit different needs and budgets.

When making a long-term investment, we would advise considering areas such as Ubud and the Bukit Peninsula. These areas are likely to retain their appeal to visitors, given their status as a cultural hub for Bali (Ubud) and the high number of luxurious oceanfront hotels (Bukit).

Angelina Belyaeva Angelina Belyaeva Real Estate Product Manager in Southeast Asia

Tranio managers are here to help you find the perfect property in the best areas of Bali. Receive a selection of the hottest properties on the market in Bali upon request.

Contact us

Bukit Peninsula is renowned for its beautiful beaches, including Pandawa Beach and Dreamland, which attract tourists from around the world. It also boasts some of Bali’s best golf courses, offering players stunning ocean views. The area’s cultural heritage is celebrated at the Uluwatu and Garuda Vishnu temples.

Property Prices in Sanur

For those seeking a more tranquil family holiday destination, Sanur is an excellent choice. Unlike the more popular destinations of Kuta and Seminyak, Sanur offers a more relaxed atmosphere, with a quieter nightlife and a peaceful, tranquil ambience. The northern part of Sanur is home to the port for the twice-daily boat trips to Lombok and Noosa.

For those looking to rent a whole property in Sanur during the peak season. The average price of such apartments is $3,800 per square metre.

Property for sale in Sanur Beach 3 listings on Tranio
Luxury oceanfront residence with a private beach and a spa center, Sanur, Bali, Indonesia for From $491,000 From $491,000
Luxury oceanfront residence with a private beach and a spa center, Sanur, Bali, Indonesia

Total of 165 apartments

New furnished villa with a swimming pool and a parking in Sanur, Bali, Indonesia for $380,000 $380,000
New furnished villa with a swimming pool and a parking in Sanur, Bali, Indonesia

Total area 145 m² Land area: 300 m²

Complex of furnished villas at 500 meters from the beach, Sanur, Bali, Indonesia for From $274,000 From $274,000
Complex of furnished villas at 500 meters from the beach, Sanur, Bali, Indonesia

Yield 8.0% Total of 9 apartments

Property Prices in Ubud

Ubud is located in the centre of the island and boasts a stunning setting surrounded by lush rice terraces, rainforests, and mountains. This idyllic location offers a tranquil environment, which is further enhanced by the presence of Monkey Park and the popular Artists Walk, featuring galleries and craft shops.

The property market in Ubud offers a diverse range of options, including villas, stylish apartments, and exclusive homes with breathtaking views of the jungle or rivers. Many of these properties provide a high level of comfort and privacy, allowing residents to enjoy a tranquil environment and proximity to nature. The starting price for villas in the area is $184,000, while current apartment offers start at $72,500.

Villas for sale in Ubud 19 listings on Tranio
Complex of luxury villas with a good profitability, Ubud, Bali, Indonesia for $1,820,000 $1,820,000
Complex of luxury villas with a good profitability, Ubud, Bali, Indonesia

Total area 2,568 m² Land area: 4,108 m²

New residential complex of first-class villas in Ubud, Bali, Indonesia for From $250,000 From $250,000
New residential complex of first-class villas in Ubud, Bali, Indonesia

Built in 2024 10 units in total

Complex of apartments and townhouses with swimming pools and green landscape, Ubud, Bali, Indonesia for From $105,000 From $105,000
Complex of apartments and townhouses with swimming pools and green landscape, Ubud, Bali, Indonesia

Completion in: 2025.II 40 units in total

Spacious two-storey Moroccan style villa overlooking rice fields, Ubud, Bali, Indonesia for $400,000 $400,000
Spacious two-storey Moroccan style villa overlooking rice fields, Ubud, Bali, Indonesia

Total area 190 m² Land area: 450 m²

Enchanting Three Bedroom Villa in the Heart of Ubud’s Cultural Oasis for $415,000 $415,000
Enchanting Three Bedroom Villa in the Heart of Ubud’s Cultural Oasis

Total area 202 m² Land area: 404 m²

Three Bedroom Villa in the Heart of Ubud’s Cultural and Wellness Hub for $465,000 $465,000
Three Bedroom Villa in the Heart of Ubud’s Cultural and Wellness Hub

Total area 352 m² Land area: 712 m²

Modern and Bright Villa for Sale in Ubud (Lodtunduh) – A Dreamy White Haven with Spectacular Views for $270,000 $270,000
Modern and Bright Villa for Sale in Ubud (Lodtunduh) – A Dreamy White Haven with Spectacular Views

Total area 152 m² Land area: 300 m²

Newly Renovated, Tranquil 3 Bedroom Villa in Ubud, Your Gateway to Serene Living for $395,000 $395,000
Newly Renovated, Tranquil 3 Bedroom Villa in Ubud, Your Gateway to Serene Living

Total area 240 m² Land area: 400 m²

Factors Influencing the Price of Real Estate in Bali

Property prices in Bali will continue to be influenced by a number of key factors in 2024, including size and type of property as well as quality of construction.

The construction of a new airport and improvements to main roads are two examples of government programmes aimed at making investment in residential property more attractive. These initiatives will improve connectivity between areas and make Bali property more affordable.

The market in Bali is currently experiencing a surge in foreign investment, with developers from abroad entering the premium segment and offering a high level of quality. This is attracting foreign investors to the location: local developers in Bali often fail to match the quality of their foreign counterparts, which may provide an additional incentive for international investment in the region.

Mikhail Bulanov Mikhail Bulanov Managing Partner & Co-Founder Tranio

Bali is emerging as a key relocation destination for foreigners and a key market for property investment in 2024, thanks to a strong influx of expats, remote workers, and start-ups.

graph2

The figures demonstrate the clear growth trend: applications for long-term KITAS in Denpasar have increased by 64% compared to 2022. An increasing number of individuals are considering Bali as a long-term relocation destination rather than a mere tourist destination.

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    Property buying guide for Indonesia
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    Tranio’s managers offer advice on buying real estate in Indonesia
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