Pandemic or not, Bali hasn’t lost its appeal, and many travelers both foreign and domestic are dreaming of the day when the borders will reopen and the island’s beautiful magic will be made accessible to them again. The influx of holidaymakers making their way to the island’s golden shores in the not-so-distant pandemic-free future would mean that the demand for villas, rooms, and properties would bounce back – maybe more than we could ever imagine.
Even now, despite the strict control on travel, there is still demand for villas and rooms by domestic travelers. So if you’re thinking to invest in Bali whether for your own private use, for rent, or both, now would be the best time.
Here are some reasons why:
It’s no surprise that rental rates on the island’s villas have been slashed by as much as 85%. In fact, asking prices are now at record lows, between 30 – 50% below pre-Covid-19 asking prices. This is great news for serious buyers and long-term renters; if you’re serious about investing in a Canggu property, then why not take advantage of lower prices and low-interest rates now?
Once the borders reopen and the economy regains momentum, rental prices will double, even triple, especially when the demand for villas in Canggu increases. This won’t take long at all, especially here in Bali and you’ll soon be rewarded with a solid return-on-investment in the long term!
Any serious investor and even those who have visited Bali can clearly see that Canggu is the island’s most up-and-coming area with the most potential for growth when it comes to returns-on-investments. It is South Bali’s most sought-after location for holidaymakers, business owners, and expats. Only a fraction of this seaside town is developed and there are still unlimited possibilities for new and exciting projects and developments to come!
Ready to invest in Bali Property? Contact the team at Bali Property Direct now to get started!