Teito Furukawa, a highly successful real estate consultant who has worked in Bali for two years for Ray White Paradise was invited to answer a few questions to guide buyers and property sellers in Bali. Teito realized Premier Performer in 2012/13 with 16 operations making him number four in Indonesia RWP. "My success is to build a relationship of trust with my two sellers and buyers. I try to build a strong relationship by giving them the best service possible, "said Teito. He and his boss have extensive knowledge of the property market in this part of Bali and see their role not only be there to sell, but to advise customers what are the best opportunities available in the real estate market for their particular needs at any given point in time.
What has been driving land prices and real estate in Bali and what -what you see the prospects are for the next two years?
Everyone knows the real estate prices have soared over the past five years and Bali is known today as the one of the best real estate markets in the world. the prices in residential areas of Bali evolved high up sharply in this period, with Bali in second place, behind only Jakarta, in a recently published survey of the market in 2012 global luxury goods by Knight Frank, with price increases averaging 20 percent in Bali, tying with Dubai. Prices in Jakarta and Bali jumped more than anywhere else in the world last year driven mainly by a middle class growing in Indonesia and the region who see Bali as a place still relatively cheap but very nice to live or have a second home.
I know several providers, when they sold their property this year, achieved a 20-fold increase in five years, from US $ 30 per m2 in 2008 to US $ 600 per m2 in 2013. and it's not uncommon at all. Investors in Bali today come from all over the world and demand continues to increase for all commodities, but especially the quality of property.
Bali is a kind of "Riviera" for Europeans or "Hawaii" for Asians. It is the perfect national and international holiday destination, a short flight from home, either in Jakarta, Surabaya, Medan and Perth, Singapore, Bangkok ... close yet so different for second home or vacation retreat the family.
For a home buyer, Bali is the best investment island in Indonesia. Property values have increased rapidly and are regarded as continuing to increase due to a large, expanding middle class with rising incomes who want an escape from the cities increasingly crowded. It is also seen rising international demand. Bali is considered a safe investment benefit from the growth of fast profits and secure a capital gain. For the international investor, Indonesia is considered politically stable, and Bali in particular is considered to have an easy lifestyle to live.
What especially attracts people to Bali?
Bali offers a mix of culture and different tradition. Today you can find almost anything you want or need in Bali. Great beaches, the full range of shops and restaurants, a rocking nightlife, and its truly multi-cultural population - a harmonious blend of Indonesia and abroad. This is what makes it attractive to everyone. It is very strong culture, unique, Hinduism partly religious, in part warm and welcoming, Indonesian society is very attractive to many people from all walks of life.
For the foreign buyer, there is also Bali's location in the tropics, Asia, between the USA, Australia and Europe. Airlines to low cost regional, Air Asia, Lion Air, Jet Star, also helped a lot, bringing more tourists and new residents.
Many Australian families where dad works in one part of the country and the family lives in another, says dad works in Western Australia and mom and children live in one of the coastal cities of Sydney, Melbourne, Brisbane, Canberra, Perth or even in the west, they moved with family to Bali. It is easier and cheaper and experience to give children early in their lives, which is suitable for adventure-looking, outside of the culture of many Australians. The same thing for business people working in Jakarta, Singapore or even Hong Kong. It is a small island, but it has much to offer overseas.
Many foreigners who come to Bali are also investing in the sale of the real estate market or rent rooms, apartments, villas to tourists. Tourism underpins the success of the real estate market as an investment, as a business. Many complex of villas and hotels have ROIs of over 10 percent.
lead foreign investment in much of the real estate sector. They are attracted by the possibility of a successful business here, either selling their overseas products and services or on the local market.
In your opinion, what is the current state of the property market - more healthily or bubble
Our sales investigative reports over the last three years shows an average rate of increase in demand between 20-50 percent in the popular areas. I believe that 2013 and 2014 will be shown to have been a great time for those who invest in the right property. The policy of "open skies" ASEAN began in 2015 and projections are that the number of visitors to Bali will at least double over the next ten years to 2025. This is the main reason why we have a new complex the world-class airport Ngurah Rai cost US $ 290 million opening in September.
Finally, what advice would you give to sellers and potential buyers on the preparation process, what documents they need to have ready for a sale of land or house and you play in marketing role?
All the seller needs to get their house "ready for sale", which means that everything becomes really attached and to make the property desirable as possible to a potential buyer. They must also have the following documents (for freehold and leasehold):
For lands
Copy of land certificate and the agreement of leasing land (for land lease)
Copies TTPS / PBB - showing that the property tax has been paid
Copy of passport / ID / KTP each owner mentioned on the certificate of land and lease
Pour House
as above
Copies of the DGI - permits to build dimensions and materials
receiving tax construction (if any) specifying
List of all articles (equipment / accessories) that are not included in the sale
Our role as a registered real estate agent, then put the property 'for sale' at a realistic price. If sellers are following this advice, you can expect to sell within three to six months, especially at this time of year when people are looking to move to a particular area for the schooling of their children.
hunting home happy!