Bali, Indonesia is among the worlds’ most desired tourist locations.The Hindu culture, it’s incredible water sports activities, peaceful environment and unique setting cause tourist to flock in.
June 2013 saw 275,617 foreign tourists visit Bali, an increase month-on-month of 15.7% over the 238,296 foreign visitors that came to Bali in June 2012. On a cumulative basis for the first half of the year, arrivals have reached 1,492,971 – an improvement of 9% over the total foreign visitors who came to Bali in the first half of 2012. With a full six months of visitors under our belt, it is now possible to more boldly extrapolate that by the end of 2013 a record 3.15 million foreign tourists will have come to Bali, providing the current overall growth rate of 9% is sustained until the end of the year
These indeed show interesting growth trend on Bali Tourism hence probe to Bali’s positive growth trend to property prices as well. Bali Properties never drop in prices…even throughout the current global financial crisis; it maintained roughly a 6% rate of growth. Most foreign purchase of property is on the cash basis. Today property values conserve a continuously growing growth curve and also the investment worth of property in Ubud is constantly on the augment due to the town’s recognition among vacationers and local people alike. Year to year its Property prices have rocketed, with foreign buyers jumping on the trend.
Indonesia is indeed emerging as one of the hottest property markets in the Asia Pacific region supported by a strong economic growth rate, high domestic consumption, growing urbanisation and an emerging middle class. This strong economy drives Bali as a top residential destination in ASEAN. Bali’s active tourism market coupled with an improvement in its fundamental facilities of airport, highway and underpass will support its fast growing real estate market.