Demand has levelled off at a high base.
Foreign arrivals are slightly below last year, home prices are almost flat and new rental listings have arrived faster than new guests. Rental revenue per listing has fallen in the busiest villa areas. Sources that market Bali villas quote far higher returns, so treat any yield figure that arrives without its working with care. For an agent, the investors still asking about Bali are asking sharper questions about licences, structure and how a villa is actually run.
Foreigners lease, or hold through a company.
Indonesian law reserves freehold (Hak Milik) for Indonesian citizens, so most property that foreigners hold in Bali trades as leasehold. The other lawful routes are Hak Pakai, a right of use that generally needs a residence permit and covers one home, and a foreign-owned company (PT PMA) holding the land title. Sources differ on the terms and capital requirements for both, so we leave the numbers out. A provincial regulation effective 24 February 2026 is reported to ban nominee ownership outright, which is the arrangement investors were most often warned off in the past.
Permits decide what a villa is worth.
A villa without a valid licence cannot take bookings on rental platforms. Stock with clean zoning and building approval sells and rents at a premium, while stock on agricultural or protected land is a risk. Only about a third of Bali is covered by approved detailed plans. Serious investors ask for the zoning, the building approval and the operating licence before they ask about the view, and a lead who has already asked is further along.
Where the enquiries come from.
Neither BPS nor Bank Indonesia publishes the nationality of property investors in Bali, so we do not quote shares. What we see is lifestyle-led interest from Canggu, Uluwatu and Ubud, often outside local working hours, that has to be sorted into people who are only curious and people who are ready to talk to counsel.
What we do in Bali.
We prepare leads for Canggu, Uluwatu and Ubud stock, profile and speak with each one before it reaches you, and hand over the conversation so you can pick it up. If you want ads and a funnel built and run for you, we scope that on a 15-minute call.