How Much Does a House Cost in Bali? – Living the Dream!

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How Much Does a House Cost in Bali? –  Bali, Indonesia, is known for its beautiful beaches, vibrant culture, and affordable cost of living. But how much does a house cost in Bali? The answer to this question is not straightforward, as the price of a house in Bali can vary significantly depending on a variety of factors, such as location, size, and amenities.

How Much Does a House Cost in Bali?

Location

The location of a house is one of the most significant factors that impact its price in Bali. Areas such as Seminyak, Canggu, and Ubud are popular among expats and tourists, and hence, properties in these areas tend to be more expensive. The prices of houses in these areas can range from IDR 2 billion (USD 139,000) to IDR 50 billion (USD 3.4 million), depending on the location and size of the property.

On the other hand, if you are willing to live in less popular areas such as Denpasar or Sanur, you can find houses at a lower price. The prices of houses in these areas can range from IDR 500 million (USD 35,000) to IDR 5 billion (USD 347,000), depending on the location and size of the property.

Size

The size of a house is another factor that impacts its price in Bali. As a general rule, larger houses tend to be more expensive than smaller ones. The size of a house is usually measured in square meters (m2) or are (1 are = 100 m2). The price per m2 or are can vary depending on the location, amenities, and condition of the house.

In popular areas such as Seminyak or Canggu, a house with 500 m2 of land can cost around IDR 12 billion (USD 832,000), while a smaller house with 200 m2 of land can cost around IDR 4 billion (USD 277,000). In less popular areas such as Denpasar or Sanur, a house with 500 m2 of land can cost around IDR 4 billion (USD 277,000), while a smaller house with 200 m2 of land can cost around IDR 1.5 billion (USD 104,000).

Amenities

The amenities of a house are another factor that impacts its price in Bali. Houses with luxury amenities such as a swimming pool, a gym, or a private garden tend to be more expensive than houses without these amenities. The price of a house with amenities can vary depending on the quality and condition of the amenities.

In popular areas such as Seminyak or Canggu, a house with a swimming pool and other luxury amenities can cost around IDR 20 billion (USD 1.4 million) or more, depending on the location and size of the property. In less popular areas such as Denpasar or Sanur, a house with a swimming pool and other luxury amenities can cost around IDR 7 billion (USD 485,000) or more, depending on the location and size of the property.

Condition

The condition of a house is another factor that impacts its price in Bali. Houses that are well-maintained and in good condition tend to be more expensive than houses that require significant repairs or renovations. The price of a house in poor condition can be lower, but the cost of repairs or renovations must be taken into account.

In popular areas such as Seminyak or Canggu, a well-maintained house with good condition can cost around IDR 10 billion (USD 695,000) or more, depending on the location and size of the property. In less popular areas such as Denpasar or Sanur, a well-maintained house with good condition can cost around IDR 3 billion (USD 208,000) or more, depending on the location and size of the property.

Real Estate Market Trends

The real estate market in Bali has been growing steadily in recent years, with increasing demand from both domestic and international buyers. The COVID-19 pandemic has impacted the real estate market, but the demand for properties in Bali remains strong.

According to a report by Knight Frank, a global real estate consultancy firm, the residential property market in Bali recorded a growth of 5.7% in 2020, despite the pandemic. The report also predicts that the property market in Bali will continue to grow in the coming years, driven by the island’s popularity as a tourist destination and the increasing demand from international buyers.

In conclusion, the price of a house in Bali can vary significantly depending on several factors, such as location, size, amenities, and condition. While areas such as Seminyak or Canggu may be more expensive, less popular areas such as Denpasar or Sanur can offer more affordable options. Similarly, larger houses with luxury amenities can be more expensive than smaller houses without these amenities.

The real estate market in Bali is growing steadily, and the demand for properties in Bali remains strong despite the impact of the COVID-19 pandemic. Whether you are looking to invest in a property in Bali or buy a house to live in, it is essential to do your research and consult with a local real estate agent to find the best options that suit your budget and requirements.