International hospitality from Iceland to Bosnia
The beaches near the cliff-top Uluwatu Temple at the tip of Bukit Peninsula are popular with surfers, tourists and residents alike, and on the island’s east coast, sun seekers head to the beaches of Candidasa and Pasir Putih. The island of Nusa Lembongan, just off Bali’s south coast, is a very popular getaway spot, as are the Gili Islands off the neighbouring Indonesian island of Lombok. Plus, the charms of Bali’s volcanic, mountainous interior appeal to some explorers. “I like riding a motorbike around on tiny roads in the mountains, trying hard to get lost, seeing what I can find,” O’Malley said. “Bali is a mountain island for me; paradise is in there.”
Ngurah Rai International Airport in southern Kuta has flights to many major capitals around the world. Bali is a three-hour flight to Perth in Western Australia and about a six-hour flight to Sydney. London is 16.5 hours away and it is more than 21 hours to New York.
The market is buoyant in Bali, seeing both domestic and foreign investment, with Australians making up roughly half of overseas buyers. “Investment is coming from Jakarta and Surabaya, as well as from expatriates such as Singaporeans and Russians,” Cook said. “The British and the French are also very interested in property here.” While the Indonesian government does not allow foreigners to buy property directly, purchasers can secure a long-term lease or some ex-pats use a notary, called a nominee, to act as the official owner and mortgage holder, but that also carries its own risks.
Villas can cost between eight billion and 50 billion Indonesian rupiah. Many hotels and resorts also sell villas, apartments or studios that get included in the hotel’s inventory when not use by the owners. This type of property can start as low as 280 million Indonesian rupiah, and is usually a long-term leasehold, up to 70 years in some cases.
The Beat: bi-weekly entertainment magazine and gig guide to music, clubs and other events around the island
The Yak: lifestyle, culture and travel magazine centred around Seminyak
Murni and Jonathan’s Bali Blog: lush photos of Bali flora and fauna, people and culture