The real estate
market in North Bali has been gaining interest, although it remains more
affordable compared to the more developed and tourist-heavy areas in South
Bali. Here are some key market trends for North Bali:
1. Affordable Prices
- North Bali offers significantly
lower property prices compared to South Bali, making it a more accessible
option for both local and international buyers. Prices for villas, land,
and beachfront properties are generally more affordable due to the
region's lower level of development and fewer tourists.
- Villas in Lovina or Singaraja, for
instance, can be found for a fraction of the price of similar properties
in areas like Seminyak or Ubud.
2. Growing Appeal for Investment
- North Bali is increasingly
attracting attention as a destination for quiet, nature-focused living and
investment. While it lacks the vibrant nightlife and tourist attractions
of South Bali, it offers serene landscapes, waterfalls, and a more relaxed
pace of life, making it appealing to those seeking peace and nature.
- Foreign investors are showing
interest, particularly in eco-tourism and wellness retreats,
areas that are well-suited to the region's natural beauty.
3. Infrastructure Development
- There has been talk of improving
infrastructure in North Bali, including the planned development of a new
international airport near Singaraja. If realized, this could lead to a
significant boost in the region’s real estate market, driving up property
values and making it more accessible for international tourists.
- The airport project has been
discussed for several years, and any confirmed progress on this front
would likely catalyze increased demand for properties, especially near
Lovina, Singaraja, and Tejakula.
4. Beachfront and Hillside Properties in Demand
- Beachfront properties in areas like
Lovina and Tejakula are particularly popular among foreign buyers,
offering stunning ocean views at competitive prices compared to southern
Bali.
- Hillside villas with panoramic views
of the sea or rice terraces are also sought-after, particularly for buyers
interested in holiday homes or retreat centers.
5. Shift Towards Sustainability
- There is a growing trend toward
sustainability and eco-conscious developments in North Bali. Buyers and
developers are focusing on eco-friendly properties, such as sustainable
villas, resorts, and wellness retreats that integrate with the natural
environment.
6. Potential for Long-term Appreciation
- While prices are currently lower
compared to other parts of Bali, there is potential for long-term
appreciation, particularly if infrastructure projects materialize and
tourism increases in the area. Investors view North Bali as a “buy low”
opportunity with potential for significant returns as the area continues
to develop.
7. Slower Development Pace
- North Bali remains less
commercialized, which appeals to those seeking a quieter, less crowded
environment. However, this also means that the pace of development is
slower, with fewer luxury hotels, restaurants, and modern amenities
compared to South Bali. As a result, some buyers may see it as a long-term
investment.
Conclusion
While North Bali
remains a hidden gem compared to the bustling South, it presents an excellent
opportunity for investors looking for affordable properties with potential for
growth, especially in eco-tourism and wellness. The future of the market will
likely depend on infrastructure improvements, such as the potential airport,
and the region’s ability to attract more tourism while maintaining its serene
and natural charm.
Share
