Bali house prices in overdrive

Is your high street bank ripping you off

The Indonesian island of Bali has long held a well-earned reputation as a beachfront paradise not only with tourists, but also with expats looking for top end investment villas.

Property prices have reflected the intense levels of interest by recording increases of 20% during the last twelve months, and the steep upward curve isn’t deterring continued waves of new potential overseas buyers.

In fact, the amount of interest is so high that the country's infrastructure is struggling to cope as investors have been moving inland – away from the more established tourist destinations – in search of cheaper properties.

With sales of empty plots of land on the increase, development projects mean heavy construction plant machinery is constantly on the move, with the result that the low level rural road system is currently in danger of failing under the strain.

With new developments focusing on hotels as well as luxury villa projects, the influx of visitors is also joined by an increase in the growing domestic middle class in the country, whose disposable income has shot up in line with the overall economic fortunes of Bali as a whole.

One drawback for foreign investors is that the majority of land for sale in Bali comes on leasehold contracts, and the length of the time periods cover can vary greatly.

However, the beachside reputation as a classic picture postcard sun, sea and sand paradise getaway destination together with the economic stability that Bali is currently enjoying means that any reversal in the current record property price increases look unlikely in the short term.

If you are looking to invest in a location such as Bali, the way you approach transferring money abroad requires careful consideration. There are many different options available so it is crucial to compare the currency exchange markets to ensure you get the best deal.

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