Reason why Canggu is the Best Choice for Your Property Investment

According to Forbes, Canggu was specifically listed as the 4th best place to live and invest abroad in 2019 and is still the most sought-after destination to date. The coastal town of Canggu is a haven for people with different aspirations due to its ability to accommodate a variety of lifestyles, so it is no wonder that many people choose to live there long-term.

Profitability

In 2023, 1 and 2 bedroom villas generate consistent income every month throughout the year. A significant increase is seen in 3 and 4 bedroom villas during peak season, which generate 10% to 15% higher income compared to medium and high season. Villas with 5 or more bedrooms generate significantly better income, especially during peak season when they generate more than double the income of 4 bedroom villas in the same season. It is worth noting that the high income from villas with 6 or more bedrooms combined with high demand reveals a very prospective opportunity to invest in Canggu.

For more information about the Bali property market and/or a full investment consultation in Canggu or the surrounding area, please schedule an appointment with Miel Property. If you are looking to rent a villa, feel free to browse our long-term rental catalogue and see all the villas available for monthly or yearly rental. If you are looking to buy a villa, we also have a large selection of villas available for sale both leasehold and freehold in our catalogue. Or if you want to grow your investment from scratch, we also have a wide selection of off-plan land and villas ready to build.

Revenue Growth

The regular supply of foreign tourists has created revenue growth for the majority of villa rental entrepreneurs in Canggu that has been ongoing for years. From 2022 to 2024, after covid 19, many villa rentals in the area have experienced quite significant revenue growth as illustrated by the following graph :

2023

2023 Q2-Q4 Increasingly this year, villas that are professionally built, marketed and managed tend to sell faster and at better prices than their competitors because they are able to meet customer needs and provide better overall service, which in turn results in positive reviews and higher profits regardless of the number of bedrooms provided.

2024

Getting better this year growth +70%, many villa developments can increase people's income. Therefore, hiring professional help is the right choice to maximize the profitability of your investment.

2022

In 2022 Q2 - Q4, the increase in revenue growth after covid 19 continues to grow rapidly. This growth gap is largely due to differences in management and marketing quality.

Market Prosperity

The villa rental business in Canggu has experienced rapid growth, especially in terms of demand. This small town offers plenty of room for financially profitable development in the short-term rental industry as demand far outweighs supply. As demand graph increasing along with the number of bedrooms provided, 3 bedroom villas have a lot of market demand.