We stumbled across this interesting analysis of the property market in Bali and the islands to the east, which was originally posted by InBali in September last year and wanted to share it with you some 10 months later because of how accurate it has turned out to be.
Bill Barnett from C9 Hotelworks Company Limited a hospitality consulting firm specializing in tourism, hotel and property development in the Asia Pacific region and based out of Phuket argues that although the tourism industry in Bali is booming, there’s no doubt about that, there are infrastructural issues that shouldn’t be ignored. We also agree with this and feel that if issues like traffic and trash were addressed correctly there would be positive knock-on effects for everyone. That being said, Barnett believes southern Bali is heading towards a Phuket-style scenario and is “growing into an urban resort destination. Life is no longer about the beach; instead these are becoming seaside cities.”
It is the relatively unspoiled islands to the east that are becoming more attractive to both visitors and investors, especially those looking to build up-market and boutique style developments in places like Flores for example. “The Komodo National Park sparks great interest among travellers, and the number of tourists has already gone up thanks to an improved infrastructure – a fact that is also showing in the island’s real estate prices, which have doubled over the span of only a few years.” You can read the entire article by clicking here.