Welcome to our boutique brokerage specializing in luxury properties in Uluwatu, including Bingin. Founded by CEO Bogdan Gheonu and partners, we're part of the Yolla Group. With deep local knowledge and global reach, our team offers personalized service tailored to your needs. Whether buying, selling, or investing, trust us to guide you in Uluwatu's real estate market. Experience the difference with our boutique agency.
From our blog you’ll find all the necessary information for buying a villa in Bali!
Brent Mills
Here are some important questions that are frequently asked and the answers to the questions.
Bali remains one of the world's premier travel destinations, welcoming over 15,000 visitors daily. With an increasing number of individuals relocating to Bali for a higher quality of life, the real estate market is flourishing, displaying significant growth over the years. If you're seeking a long-term investment opportunity, now is an ideal time to consider investing in rental properties in Bali.
In Bali, the common purchasing options are Leasehold and Freehold. Leasehold properties involve leasing the land from an Indonesian owner for a specific period, typically 25 to 30 years. Freehold properties grant complete ownership rights, including the land itself.
However, it's important to note that direct ownership of freehold land is restricted for foreign investors in Indonesia. Foreign ownership of freehold land requires the use of a foreign investment company known as PT PMA, as Indonesian law prohibits foreigners from owning freehold land directly to safeguard the interests of locals.
Land zoning refers to the designated permitted land use and development possibilities in a specific area. In Bali, when purchasing land or a villa, understanding land zoning is crucial as it dictates what type of development is allowed. For instance, the 'Pink Zone' encompasses commercial and tourism areas where the construction and operation of hotels, villas, resorts, restaurants, venues, and shops are permitted. Being aware of land zoning helps buyers make informed decisions about the potential use and development of their property.
Purchasing a property remotely is entirely feasible: We offer virtual tours of properties, answer all inquiries, and facilitate purchases from abroad. With a power of attorney, our agency can legally sign land and property ownership documents on your behalf, streamlining the process for your convenience.
Calculating costs and ROI is straightforward. Let's take a 2-bedroom villa priced at $300,000 as an example, with estimated average operational costs (including management commission) of $2,200 per month.
Assuming an 80% occupancy rate, the annual net income to the owner would be $40,000. This results in an ROI of 13%, with a payback period of 7.5 years.
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