Property investment is one of the investments that offers long-term benefits. The property’s resale value tends to increase yearly. Therefore, property investment is highly sought after by investors.
The increase in property prices is caused by several factors. Some of these factors include property inflation, land scarcity, and population growth. Based on the latter two factors, the property’s location is something you should pay attention to when considering property investment.
Property Investment in Bali
As a constantly developing tourist destination, Bali has become an ideal place for property investments. Every month Bali expects both domestic and international tourists. The numbers are significant, sometimes reaching hundreds of thousands of people.
Despite having experienced a decrease in tourist visits due to the pandemic, Bali’s tourism in 2022 has finally recovered. This recovery is not unrelated to government programs such as Visa-on-Arrival, Digital Nomad Visas, etc. The rise in Bali’s tourism is also supported by events on an international scale being held in Bali.
When you invest in properties in Bali, it is crucial for you to pick an area where your asset will be located. There are many areas in Bali with high selling prices, such as Kuta, Canggu, Ungasan, and Pecatu.
Several years ago, Canggu became a popular choice for property investment. The number of tourists who visit Canggu to enjoy their vacation allows Canggu to be an ideal choice to have a property in the area. Many properties have already been built in Canggu.
However, due to its popularity, Canggu became too populated. Most of the streets in Canggu are congested every day. The attractions and tourist areas are also always filled with tourists, both domestic and international. Empty lands to build on are also getting more scarce.
If you wish to have a property asset in Bali, Ungasan has become an ideal choice. The benefits offered by Ungasan are not as different as Canggu; from their exotic beaches, beach clubs, fancy restaurants, and a lot more. Fortunately, Ungasan is not as populated as Canggu yet. This makes it a perfect choice for property investment for now.
Are you still hesitant to invest in property in Ungasan? Take a look at these comparisons between Ungasan and Canggu to understand the different appeals of these two places.
The Comparison of the Appeals between Canggu and Ungasan
Tourist Attractions
Canggu is filled with beach clubs like Finns and Old Man’s that are quite popular. There’s also the Finns Recreation Club for various recreational activities. Canggu’s beaches are also renowned for their sunset views.
Ungasan has exotic beaches that are already well-known. Some of these include Melasti Beach, Pandawa Beach, Dreamland Beach, and Padang-padang Beach. Savaya Beach Club is also famous among tourists. In addition to the beaches, Uluwatu Temple and Garuda Wisnu Kencana (GWK), which offer traditional dance performances and the famous GWK monument, are only a 10-minute drive away.
Public Facilities
Both areas are equipped with everyday necessities. Ungasan itself has a variety of places ready to meet your needs. Essential amenities previously mentioned are certainly available, as well as other places like gyms, beach clubs, traditional markets, and recreational facilities spread around the Ungasan area. The distances are not too far either. So, you don’t need to worry about Ungasan appearing barren or lacking in facilities.
Population
As mentioned earlier, Canggu is already populated. Many domestic and international tourists go there to spend their vacation, and some have even settled there for quite some time. If you’re looking for the hustle and bustle of Bali, Canggu could be your choice.
However, if you prefer a comfortable and relaxed environment, then Ungasan is the right place for you. You can enjoy the sunset without the noise around you. Currently, Ungasan is not yet heavily populated by tourists, but it shouldn’t be considered devoid of visitors either.
Property Land
Canggu has been densely populated for years due to its popularity. It can be estimated that land for property development there has become increasingly scarce, leading to high purchase prices. Meanwhile, Ungasan has not been as heavily invested in by property developers yet, so purchase prices are still low, but with a steady flow of tourists, the resale value is relatively high.
So, with the comparisons outlined, now is the right time to invest in Bali, especially in the Ungasan area, South Kuta, Badung.