BALI’S REAL ESTATE INDUSTRY IS SOARING
From the increasing tourism and investment growth, luxury real estate industry in Bali is in profits. The investments by Indonesians and foreigners have resulted in unprecedentedproperty price increases in recent years. It is observed that the prices of villas on freehold land have jumped more than 10 times in the past couple of years. Tourism feeds its real estate industry in Bali making it a beast among the industries globally.
In the first two months of 2018, although foreign tourist arrivals dipped 11.4 per cent, the sector quickly recovered as the pace of decline the very next month slowed 0.34 per cent. There are ofcourse obstacles Indonesia’s tourism industry is facing such as poor infrastructure and the lack of investment required to fund the necessary infrastructure projects, but it seems that the tourists are much amazed by the natural beauty Bali beholds.