Introduction of Bali Market Outlook
Bali’s real estate and property investment market is entering a new phase of growth, showing remarkable resilience and adaptability in the post-pandemic era. Recent data highlights a significant recovery, with an increase in visitors in June 2024 compared to the same period last year. From January to July 2024, Bali welcomed approximately almost 3,6 million foreign visitors, marking a 22,18 % rise from the previous year. This surge in tourism has directly influenced the property market, driving up occupancy rates for both popular and newly developed villas, making the short-term rental market an increasingly attractive option for investors seeking rental income.
Hello, I’m Jason, a journalist from Bukit Vista. As Bali experiences a strong recovery and nearly 3.6 million foreign arrivals in 2024, the property market is booming. In this article, I’ll walk you through Bali’s 2024 Market Outlook, highlighting the top locations for property investment based on the latest trends and data.
Foreign Tourist Visits to Bali in 2024
Source: BPS 2024
Analyzing Key Investment Locations in Bali
One of the most critical decisions for any investor in Bali’s property market is selecting the right location. At Bukit Vista, we use data-driven tools to inform our investment decisions. In this context, we have created a heatmap that highlights growth trends based on Airbnb guest reviews from 2023 compared to the figures for 2024. This guest reviews are very crucial in providing insights about how the area performs and attracts tourists.
The island offers a variety of locations, each with its unique appeal and potential for return on investment. For instance, areas like Canggu and Seminyak continue to thrive, attracting a steady stream of tourists and offering a stable market for luxury villas and boutique accommodations. These locations are well-suited for investors looking to tap into the high-end short-term rental market.
On the other hand, emerging areas such as Uluwatu which is located in Pecatu and Jimbaran are gaining traction, particularly among those seeking more serene and scenic environments. These locations are ideal for investors interested in developing boutique resorts or eco-friendly villas that cater to a growing segment of travelers looking for unique, off-the-beaten-path experiences.
Occupancy Rate Comparison at Ungasan: 2023 vs 2024
Source: Bukit Vista
Our heatmap reinforces the importance of location when it comes to maximizing returns. Ungasan’s consistent performance, paired with Bali’s stable occupancy rates, makes it not only a desirable investment market but also a sustainable one for those looking for long-term revenue.
For those interested in long-term investments, areas like Ubud, which focus on cultural and wellness tourism, offer excellent opportunities for developing retreat centers or holistic resorts that can attract tourists year-round.
Final Thoughts and Key Takeaways
At Bukit Vista, we manage a wide range of premium properties across Bali, including standout listings like Private Ungasan Hideaway Villa with Pool Oasis and Ungasan Luxury 2BR Villa with Pool near Melasti Beach. Our mission is to inspire delight through innovative hospitality experiences that transform the stay of our guests and ensure sustainable, high returns for our property partners. With over a decade of experience managing more than 100 properties, we combine deep market knowledge and strategic foresight to navigate Bali’s dynamic property landscape. This expertise enables us to provide tailored solutions that maximize returns quickly, ensuring profitable and sustainable investments for our client.
By choosing the right location and leveraging our experience, investors can capitalize on Bali’s tourism industry and the continued growth of its property market. Whether you are looking to invest in luxury villas, boutique resorts, or eco-friendly accommodations, Bukit Vista is here to help you navigate your investment journey with confidence.
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