At Propertia Bali we often have customers asking “what is going on with the rental market in Bali?”
We have to agree with our customers. The market seems to be very inflated and has been the last few years. There are many factors influencing the rental market in Bali, but here are a few reasons, why we think the market is so inflated.
- Every year more than 6 million people are visiting this lovely island. A lot of them have hopes and dreams about creating a new life for themselves in Bali. They want to rent a beautiful home and live the dream life they planned. The first year most people living here long term, rent a villa to live out their dream.
- A lot of private persons are renting villas yearly and subletting them on a daily basis through mainly AirBNB. It’s a lovely way to make an income, but of course you always have to remember to follow the laws and regulations and have the right permits and registrations.
- It’s fantastic to see how local Balinese land owners are building new lovely villas to rent out on a yearly basis. However for these owners it’s normal practise, that their land certificate is with their bank, until they get the villa rented out. This is why, we see so many villas listed with a minimum rent of 3-5 years. Simply because they need to pay back the bank, for the villa they build, to get back their certificate. At Propertia Bali we often wonder who has that kind of money to put up front?
Will the market change anytime soon?
At Propertia Bali we don’t think so. A market changer, could be that the government is intensifying their search for illegally build villas and checking AirBNB hosts for rental villas.
Of course Covid19 has had a huge impact on the occupancy of the villas, but the owners are patient and they know the market will probably return in the last quarter of 2020. Owners are more willing to negotiate now but we haven’t seen a big drop in the rental prices, like many predicted.
In the end it’s all about supply and demand and Bali seems to become more and more popularly as a destination for tourists and people who want to live in create a new life in this beautiful island.
Where do you think the rental market will go?
At PROPERTIA BALI we want to work with everybody to supply our buyers and sellers with the absolutely best and effective service. The concept “Let’s work together” is about sharing whether you are a local agent with listings, a family member, who knows someone selling or maybe a friend of someone who wants to buy.
PROPERTIA BALI was also created to bring you a complete and effective service with an European feel and quality, to help you find your dream home in Bali.
With us, everything is possible and nothing is impossible…
PROPERTIA BALI is happy to introduce you to an international and professional trained team with great experience in the industry. Our broad knowledge and passion to connect people with the right properties are some of our greatest strengths.
Our real estate agents speaks fluent English and Bahasa Indonesia.
When choosing us as your agent, you can ensure to be connected with the best lawyers and notaries who will give you the best advice in order to facilitate a smooth and pleasant experience all the way.
We have well established, working relationships with a comprehensive and trustworthy network of partner estate agencies, developers, banks, architects, builders, interior designers and rental/property management companies.
We always make sure to leave no stone unturned to find or sell your property. Throughout the process, we are there from the beginning to the end.
Our team is at your service to make your dreams come alive!