| Bali Rental Market |
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The Bali rental market offers investors opportunities to combine the satisfaction of a holiday home with the financial benefit of obtaining return on investment from rental income. Below is information related to the Bali rental market along with services offered by Healy Consultants: | ||||
1.
| Bali is one of the most attractive places to live in Asia and is well known for many things such as art, dance, the beaches, the scenery, and even the people. Similar to the success of other tropical locations in Asia, such as Phuket in Thailand, tourism is a crucial aspect of the Bali rental market. Strong tourist visit numbers lead to higher demand for rental property.
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2.
| According to the Bali Tourism Board in January of 2009, there were more than 2.2 million visitors (up 13% from last year). The majority of tourists were from Australia, Japan and China, accounting for approximately 20%, 14.3% and 8.9% respectively. This growth in tourism is a positive sign for Bali after the severe impact of the terrorists attacks in 2002 and 2005. Two more supportive figures for the Bali rental market are:
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i)
| The Colliers International market report on Bali shows an upward trend in occupancy rates for hotels across Bali. | |||
ii)
| Smart Travel Asia's annual survey illustrates the popularity of Bali as a tourist
destination. Their 'top holiday destinations' list has voted Bali as the number 1 destination for the last three years. | |||
3.
| Combining hotel and residence style investments is a common opportunity in places such as Bali. Properties such as the Bali Kuta Hotel & Residence provide investment opportunities where the investor buys a unit within a professionally managed complex. The owner can use the unit for their own holidays but, when not being used, the unit is in a pool to be rented out and managed by the complex management.
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4.
| Combining the costs of buying the property and the taxes involved results in significant expense for the investors in Bali. For example, tax on rental income is 20% for non-residents. Healy Consultants provides professional tax and accounting services specific to Bali rental market to ensure all tax obligations are met most efficiently. | |||
5.
| Investors in Bali property are advised to use the services of a local lawyer to avoid any contractual issues related to the Bali rental market. Healy Consultants will appoint and supervise an experienced lawyer on behalf of our clients to ensure their best interests are taken care of and no false commitments are made. | |||
6.
| Healy Consultants project manages the process of finding tenants for clients who have invested in the Bali residential or commercial property markets. Our firm will undertake the required processes including i) appointing a reliable agent, ii) determining appropriate rental for the property, iii) assisting with interviews of potential tenants and negotiation of contracts iv) organizing banks for collection of rent v) efficient problem solving, if the need arises.
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| International investors benefit from the comprehensive property management services provided by Healy Consultants. Having our firm project manage activities such as organizing property maintenance and refurbishments, property security, property valuations, arranging appropriate property insurance and ad hoc problem solving requirements, helps non-resident investors maintain peace of mind over their property assets.
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Contact Us | ||||
For further information on the Bali rental market, call our Singapore office at (+65) 67350120 or contact email@healyconsultants.com | ||||
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