Real Estate Market Trends in Bali in 2024
Bali's real estate market continues to attract global investors, and several key trends are shaping its growth in 2024, potentially impacting investment returns. Here are the main trends to keep an eye on.
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Growing Demand for Apartments and Compact Housing
In 2024, demand for apartments in Bali continues to rise, especially in popular areas like Canggu. Compact and functional living spaces close to beaches and infrastructure are in demand both for rentals and purchases, providing convenient options for a wide range of tenants. -
Increase in Remote Workers and Digital Nomads
Bali remains a popular destination for digital nomads, and this trend is only strengthening. Remote workers prefer areas with well-developed infrastructure, coworking spaces, and other amenities for work. This segment fuels demand for long-term rentals, especially apartments in convenient locations. -
Eco-Friendly and Sustainable Projects
With a growing interest in eco-friendly living, Bali sees an increase in projects focused on sustainability. These projects emphasize renewable energy sources, eco-friendly materials, and modern technologies to reduce environmental impact. Such properties are especially attractive to foreigners committed to a sustainable lifestyle. -
Popularity of Short-Term Rentals
Tourism in Bali remains strong, sustaining demand for short-term rentals. Many investors purchase properties specifically to rent to tourists, which generates high income, particularly during peak seasons. However, short-term rentals require active management, making property management services highly sought after. -
Rising Property Prices
Property prices continue to rise in 2024, particularly in high-demand areas. Areas like Canggu, with its growing infrastructure, are becoming increasingly attractive, and property values are on the rise. This trend makes Bali real estate a valuable asset for long-term investment and capital appreciation. -
Increase in Mixed-Use Projects
Projects that combine residential, commercial, and recreational spaces are becoming more common in Bali. These complexes appeal to tenants who value access to amenities and services within one area, increasing rental potential and profitability for such developments.
These trends define Bali's real estate market development in 2024, creating favorable conditions for investors looking for promising and sustainable investments.