Property Prices in Bali, Indonesia in 2024
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.
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.
From $123,000
Completion in: 2025.IV 48 units in total
From $138,000
Completion in: 2025.I Total of 148 apartments
From $79,000
Yield 13.0% Completion in: 2026
From $138,000
Completion in: 2025.I Total of 250 apartments
From $158,000
Completion in: 2025.II Total of 50 apartments
From $299,000
Completion in: 2026.I Total of 44 apartments
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.
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, $ |
3,300 | |
2,250 | |
3,500 | |
2,500 |
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.
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.
From $123,000
Completion in: 2025.IV 48 units in total
From $138,000
Completion in: 2025.I Total of 148 apartments
From $79,000
Yield 13.0% Completion in: 2026
From $138,000
Completion in: 2025.I Total of 250 apartments
From $158,000
Completion in: 2025.II Total of 50 apartments
From $299,000
Completion in: 2026.I Total of 44 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).
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.
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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.
$380,000
Total area 145 m² Land area: 300 m²
From $273,000
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.
$1,820,000
Total area 2,568 m² Land area: 4,108 m²
From $249,000
Built in 2024 10 units in total
From $105,000
Completion in: 2025.II 40 units in total
$400,000
Total area 190 m² Land area: 450 m²
$415,000
Total area 202 m² Land area: 404 m²
$465,000
Total area 352 m² Land area: 712 m²
$270,000
Total area 152 m² Land area: 300 m²
$395,000
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.
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.
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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