"Bali has, over 10 to 12 years, been the best-performing real estate class... in the world."
Bali has worked its charm on countless travellers from near and far and attracts huge interest from foreign investors looking to get a slice of luxury heaven, where prices have shot up, and supply has shrunk.
Bali was the "standout performer" of the luxury property market in Knight Frank's latest Prime International Residential Index (PIRI) - published in early 2019, based on 2018 data - with luxury prices up by 15 per cent year-on-year, the third-highest gain among 100 markets tracked.
"Bali has, over 10 to 12 years, been the best-performing real estate class in terms of vacant land appreciation in the world." say Matthew Georgeson, director of Elite Havens.
Construction of condo hotels - or condotels - has ticked along, but their small rooms generally don't appeal to foreign buyers, he says. Or you could look further afield, at a luxury beachfront villa resort on the island of Gili Meno, two hours off the Balinese coast. Prices range from US$210,000 for a studio to US$1.2 million for a three-bedroom villa.