Editor's Comments:
I find this interesting that the Australian press has finally come out with an article stating that Bali property prices have dropped up to 50% during the pandemic.
I've been telling people this for the last two years.
In fact I put a special section in our website called distress prices where you can find villas for as little as $250,000 with a private swimming pool.
Check them out here
Bali
property prices crash by up to 50 per cent with a 14-bedroom house
going for just $540,000 - but there's a big catch for prospective buyers
Bali house prices were sent tumbling with homes selling for 50 per cent less
Luxury homes with resort-style pools and views of beach being sold for bargains
Real estate agents revealed the low prices come with one catch for buyers
By Aidan Wondracz For Daily Mail Australia
Updated: 05:56 GMT, 4 December 2021
Bali property prices have plummeted by up to 50 per cent with a 14-bedroom home going for as low as $540,000.
The Covid-19 pandemic has hit the property market hard and sent house prices tumbling to historic lows.
Luxury
homes with resort-style pools and views of the beach are being sold for
30 to 50 per cent lower than the asking price during pre-Covid-19.
The bargains come with one catch: buyers must purchase the property sight unseen, The West Australian reported.
Luxury
homes with resort-style pools and views of the beach are being sold for
30 to 50 per cent lower than the asking price during pre-Covid-19
(pictured, a four-bedroom villa at Ulawata Beach is currently going for
$340,000 - down from $440,000 the year before)
White-coated brick walls, pristine tiled floors and luxurious bedroom inside the property at Ulawata Beach
Indonesia
Ray White real estate chief executive Johann Boyke Nurtanio said the
pandemic and border closures had driven down demand and dragged down the
prices with it.
'What happened in the past year is that
Indonesians are the ones actively looking and buying cheap assets as an
end result of the pandemic,' he said.
'If someone wants to go
back to Perth, they need to fly from Bali to Jakarta to Dubai to Sydney
(and quarantine in Sydney), before taking the last leg from Sydney to
Perth, which is impossible for anyone to take this route.'
A four-bedroom villa at Ulawata Beach is currently going for $340,000 - down from $440,000 the year before.
A 14-bedroom house at Taman Sari in Kerobokan is now on the market for $540,000 after dropping down from $785,000.
A three bedroom and four bathroom property at Jimbaran is fetching $892,000 after the price was slashed from $1.1million.
Independent property commentator Gavin Hegney said the savings were too good to resist.
A 14-bedroom house at Taman Sari in Kerobokan is now on the market for $540,000 after dropping down from $785,000.
A modern interior with whitewashed walls in the Kerobokan house that is selling for $540,000
'Why
would you buy a holiday houses in the South West, where prices have
gone up 50 per cent, when you could buy a place in Bali, which has gone
down 30 per cent,' he said.
Mr Hegney warned prospective buyers to do their research before settling on a holiday home.
He
advised buyers to employ a lawyer in Australia and Indonesia and study
the risks involved in carrying out transactions overseas.
Local builder Tim Gordon added the homes would also need regular maintenance because of the tropical climate.
A three bedroom and four bathroom property at Jimbaran is fetching $892,000 after the price was slashed from $1.1million
A luxurious resort-style home at Jimabaran in Bali has hit the market for $892,000
Read more:
Distressed Bali Property:
Bali Properties that are discounted 20% or more from the Jan 1st. 2020 Price
11 Properties
Beach Front For Sale Reduced Price
Distressed Huge Bali Beachfront Property Discounted 50% to 6.98 Miliyar.
U.S.D. $488,888 Bali, Indonesia
1,430 M2
Reduced Price
Affordable Bali Luxury Villa IDR 3.5 Miliar ($248,000 U.S.D.)
$250,000 Bali Golden Villas, Jalan Kesari, Sanur, Denpasar, Bali, 80228, Indonesia
Renovated Master Suite – 20 % Discount- 1.388 Miliar $98,888 Apartment, Distress
Distressed Low Priced Bali Luxury Villa
$248,000 Jl. Karang sari no 5, Sanur, Bali, Indonesia 80228
For Lease For Sale
Distressed Price Modern Bali Beachfront Palace – Save U.S. $200,000
$1,488,888 Jl. Puro Air Jeruk, Pantai Purnama,
Beach Estate – Distress Priced – Save $130,000 – Luxurious Estate in Bali
$498,000 Jln. Pantai Purnama (Purnama Beach, Bali 4.5 Bedroom 5.5 Bathroom
450 Sq m
Bali Distress Price Beach View – Save 30 %
$158,888 Balian, Tabanan Regency, Bali, Indonesia 7,720 Sq m
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