Finding Real Estate in Bali

The prospective purchasers of Bali real estate should be aware that this purchase will take place on an island, one which is a part of the political entity of Indonesia. Furthermore, Bali real estate is located, geographically, as part of the Lesser Sunda Islands, namely the furthest western point of that string of islands. Bali is also, again in political terms, an Indonesian province. One major factor in the market for Bali real estate is the availability of funds for investment from investors from elsewhere, as well as the willingness of such investors to contribute funds for the purchase of Bali real estate. In this regard, the selling and purchasing of Bali real estate was noted as having been adversely affected by the overall financial downturn as occurred throughout the world. That being said, economists felt that, while Bali real estate was not being purchased in the same volume as when the world economy was functioning more successfully, Bali real estate had remained healthier than in many countries. In order to explain why this was the case, economists and businesspeople have pointed to the fact that Bali real estate purchases by people from outside Indonesia are not heavily funded, which has ensured that the reduction in credit’s availability impacted the market less. That being said, Bali real estate above the $750,000 price range is noted as not doing as well in the period following the economic downturn. As an alternative to luxury Bali real estate, non-Indonesians also commonly live in Jakarta for the business opportunities.