The rapid growth in tourism in Bali has also lead to a much higher demand in the real estate sector. Wealthy individuals along with a number of Indonesian firms are creating a buying frenzy in the real estate market, especially when it comes to buying land in the southern island.
According to a report done by property management company, C9 Hotelworks and Horwath HTL, in addition to the very active tourism market, Bali has also seen recent improvements in highways, the underpass construction, and the airport, all of which support the growth of the real estate market.
There has also been a spike in the number of hotels, condo hotels, and Bali villas that are becoming available. Villas in Bali are incredibly popular because they offer something that even the most up-scale hotels cannot offer – seclusion and privacy, along with spacious, luxurious villas, private swimming pools, lush gardens, and their own staff including cooks/chefs.