The island of Bali is actively developing. During the pandemic, the real estate market has grown at the fastest pace ever in Bali's active development.
When the pandemic happened, many people decided that the crisis in the Bali real estate market would now come, prices would fall and it would be possible to find cool offers at very low prices. In fact, the cost of proposals only grew.
As a result of this growth, 2022 could be the year of the investment boom in the Southeast Asian market. According to the authoritative publication Jll, in 2022 the number of investments in resort real estate in Southeast Asia will grow by 30%, which means that real estate in Bali can rise sharply in price. This prediction is considered very likely.
Firstly, the island is in the tops of various tourism projects: Tripadvisor, Forbes, BBC Travel, Daily Mail, etc., so the tourist flow has grown by 15% annually. Secondly, the growth of investment in resort real estate may increase due to the large projects that are being implemented in Bali.
For example, the construction of the Formula 1 track and one of the largest amusement parks in the world is underway. A MotoGP track has already been built on the neighboring island. They also announced the construction of a new silicon valley in Bali with the assistance of the Massachusetts Institute of Technology MIT and Beijing Tsinghua University.
In November 2022, Bali will host the G20 summit. The presidents of the World's largest economies will fly to the island. And such big events always contribute to the further development of the region.