Introduction

When you retire, you want to choose a place that fits your lifestyle and budget. Consider your decisions about your hobbies, climate preferences, proximity to family and friends, and costs of living. There are many great places to retire from around the world, from Bali to Zurich. Here are some of the best places to retire, based on different criteria:

Best place to retire if you want to live cheaply: Cuenca, Ecuador

If you’re looking for a low cost of living, Cuenca is an excellent choice. This city in Ecuador has a mild climate, beautiful architecture, and plenty of things to do. You can live well on a retirement budget in Cuenca.

Best place to retire if you want warm weather: Phuket, Thailand

If you prefer warm weather, Phuket is an excellent choice for retirement. This island in Thailand has pristine beaches, plenty of activities, and a relaxed pace of life. It’s also reasonably affordable, making it an excellent option for retirees on a budget.

Best place to retire if you want excitement: Zurich, Switzerland

Zurich is an exciting city with plenty to do. It’s located in a beautiful setting, and there are many opportunities for outdoor activities. It’s also one of the most expensive cities in the world, so be prepared for the high costs of living if you choose Zurich as your retirement destination.

Bali, Indonesia

For many reasons, Bali, Indonesia, is a top place to retire:

1. It’s an incredibly affordable place to live. You can easily find a comfortable living place for less than $1,000 per month.
2. The weather is fantastic. It’s warm and sunny year-round, which makes it perfect for retirees who want to spend their time outdoors.
3. The people are amiable and welcoming. There are many opportunities to make friends and connect with other retirees.
4. Plenty of activities and attractions keep you busy in retirement.

Bali retirement visas are easy to obtain, and there are many hospitals and clinics if you need medical care. Whether you want to spend your days exploring the jungle, relaxing on the beach, or indulging in the vibrant nightlife, Bali has something for everyone.

Cancun, Mexico

Cancun is another excellent place to retire, especially if you’re looking for warm weather and beaches. It’s a popular tourist destination, so plenty of amenities and activities are available. It can be expensive, but there are many ways to save money by living like a local. For example, you can eat at street stalls and markets instead of restaurants and take public transportation instead of taxis. Cancun is a great place to retire if you want to be close to family and friends, as it’s a popular destination for vacations and holidays. There are also many hospitals and clinics in Cancun if you need medical care.

Playa del Carmen, Mexico

Playa del Carmen is another great option for retirees living in Mexico. It’s a smaller town than Cancun but still has all the necessary amenities, including hospitals and clinics. It’s also a very affordable place to live, with the cost of living much lower than in the United States. The weather is warm and sunny year-round, making it perfect for retirees who want to spend their time outdoors. Playa del Carmen is a great place to retire if you’re looking for a relaxed pace of life.

Zurich, Switzerland

Zurich, Switzerland, is often lauded as one of the world’s best places to retire.

Why? Well, for starters, it has a very healthy economy and is stable politically. Additionally, it boasts a very high quality of life – according to a study by Mercer, Zurich was found to be the city with the second highest quality of life in the world ( trailing only Vienna, Austria).

Another big selling point for Zurich is that it is immaculate and efficient – both critical factors when enjoying a stress-free retirement. And if you love the outdoors, you’ll be pleased to know that Zurich is right on the edge of Europe’s largest freshwater lake and has easy access to the Swiss Alps.

Of course, all of this comes at a cost – living expenses in Zurich are some of the highest in Europe. But if you can afford it, Zurich might be the perfect place to spend your golden years.

Cascais, Portugal

Cascais is a beautiful coastal town in Portugal that’s perfect for retirees. The weather is mild, the cost of living is affordable, and there’s plenty to do in the area. Many activities and amenities are specifically for retirees, such as golf courses, tennis courts, and walking trails. Cascais is a great place to retire if you’re looking for an active lifestyle.

George Town, Malaysia

George Town is the capital of the state of Penang in Malaysia. The city is on the island of Penang, one of the country’s 13 states. George Town is a UNESCO World Heritage Site and was one of the first Southeast Asian cities to be given this status. The city is known for its British colonial history, Chinese heritage, and diverse cultures. George Town is also a popular tourist destination and has a thriving expat community.

Conclusion

We hope this guide has helped you narrow down your retirement destination choices! When deciding, remember to factor in your budget, preferred climate, and desired amenities. And don’t forget to enjoy the journey – after all, retirement is supposed to be a relaxation time!

2: for absbuzz.com

A Detailed Guide To Property Ownership For Foreigners In Bali Indonesia

The Different Types of Property Ownership for Foreigners in Bali

Are you thinking of buying property in Bali? Great choice! Bali is a beautiful and popular destination for foreigners. But before you start the process, it’s essential to understand the different types of property ownership for foreigners in Bali. This guide will go over the different types of ownership and what each entails.

Freehold

The most common type of property ownership for foreigners in Bali is freehold. With freehold ownership, you will own the property outright and have the same rights as an Indonesian citizen. This type of ownership gives you the peace of mind of knowing that your investment is secure. You will not have to worry about renewing your lease or losing your property if Indonesia changes its laws regarding foreign ownership.

Leasehold

Leasehold is the most common form of ownership for foreigners in Bali. Essentially, you are leasing the land from the Indonesian government for 25 or 30 years (the lease can be extended). While you don’t technically own the ground, you have the right to use it and develop it as you see fit during the lease period.

One of the main advantages of leasehold ownership is that it gives you a lot of flexibility. You can buy leasehold property without having to set up a local company and sell it or transfer it to someone else very quickly. If you’re unsure how long you want to stay in Bali or if you think you might want to move somewhere else in Indonesia at some point, leasehold ownership can be a good option.

However, there are also some disadvantages to leasehold ownership. First, the lease period is relatively short compared to freehold ownership (more on that below). This means that once your lease expires, you will no longer have any legal rights to the property. Additionally, because you don’t technically own the land, it can be more difficult to get finance if you want to buy a leasehold property.

Finally, it’s important to remember that as a foreigner, you will never be able to own land in Indonesia outright – even if you have an Indonesian partner or spouse. The only way for foreigners to own property in Indonesia is through one of the following types of ownership:

– Leasehold

– Right of Use (Hak Pakai)

– Nominee Ownership

The Pros and Cons of Each Type of Property Ownership

Freehold

Freehold ownership gives the buyer the full and unrestricted right to the property. This type of ownership is the most common and sought-after, especially for foreigners purchasing properties in Bali. It offers plenty of security and peace of mind as the owner has complete control over what they can do with the property. Few restrictions are placed on freehold ownership, making it an attractive option for those looking for total freedom regarding their property.

However, one downside of freehold ownership is that it can be more expensive than other types of ownership. This is because freehold owners are responsible for all costs associated with the property, including maintenance, taxes, and repairs. Additionally, freehold properties are not always easy to sell as potential buyers may be put off by the higher price tag.

Plenty of freehold Bali villas for sale would make an excellent investment. If you’re looking for a property with no strings attached, freehold ownership is the way to go.

Leasehold

When you purchase a leasehold property, you buy the right to occupy or use the property for a specific period. The lease is registered at the Land Office and usually is valid for 25 to 30 years, with the possibility of an extension. In Indonesia, leasehold ownership is granted by the State (Negara), so it is essential to ensure that the developer has all the necessary permits and approvals before buying.

The main advantage of leasehold ownership is that it gives you a relatively secure tenure as long as you keep up with the payments and comply with the lease terms. The other significant advantage is that it usually costs less than freehold ownership – sometimes as much as 50% less.

However, there are some disadvantages to be aware of. Firstly, once your lease expires, you will have to negotiate a new one with the landlord (usually the original developer). Secondly, your estate agent or lawyer should check that there are no restrictions on what you can do with the property during your lease term – for example, whether you can sub-let it or make alterations. Finally, it’s worth bearing in mind that leases can be difficult to transfer or sell – although this will also depend on the specific terms of your contract.

Hak Guna Bangunan (HGB) :

With HGB ownership, you own the building, not the land it’s built on. The land is owned by either the government or an individual. HGB ownership is relatively rare for foreigners, but it does have some advantages — it’s generally less expensive than a freehold or leasehold ownership, and the process is simpler and faster. However, you don’t have full rights to the property, and it may not be possible to pass on ownership to your heirs.

Hak Pakai :

This type of ownership gives you the right to use and occupy a piece of land owned by either the government or another individual. Hak Pakai rights can be granted for up to 25 years, renewable for additional periods. One advantage of Hak Pakai is that it’s generally less expensive than other types of ownership. However, you don’t have full rights to the property, and it may not be possible to pass on a request to your heirs.

How to Choose the Right Type of Property Ownership for You

If you’re a foreigner looking to purchase property in Bali, Indonesia, it’s essential to understand the different types of property ownership available to you. This guide will detail the pros and cons of each type of property ownership so that you can make the best decision 3for your needs.

Consider your budget

When looking at property ownership options in Bali, it’s essential to consider your budget. Buying a property outright can be expensive, and you may not have the funds available to purchase a property outright. If this is the case, you may consider other options, such as leasehold or long-term rental agreements.

Leasehold ownership gives you the right to use the property for a period, typically 20-30 years. After the lease period expires, the request of the property reverts to the original owner. This type of ownership can be a good option if you’re looking for a place to stay in Bali for a set period, but it’s essential to be aware that you will not have any equity in the property when the lease expires.

Long-term rental agreements are another option if you’re on a budget. With this type of agreement, you will have the right to use the property for an agreed-upon period, typically 1-5 years. At the end of the rental agreement, you will not have any ownership rights to the property and will need to find another place to live. This type of agreement can be a good option if you’re looking for flexibility and don’t want to be tied down to one location.

Consider your long-term plans

When thinking about purchasing property in Bali, it’s essential to consider your long-term plans. Are you planning on permanently living or spending part of the year here in Bali? Do you plan to rent your property when you’re not using it? These are essential factors to consider when choosing the right type of property ownership for you.

There are three main types of property ownership available to foreigners in Bali: leasehold, right of use (Hak Pakai), and freehold. Leasehold is the most common type of ownership for foreigners, as it provides a long-term lease (usually 25-30 years) with the option to renew. Hak Pakai is a shorter-term lease (usually 10-15 years) with the possibility of renewal and is typically used for land that will be developed or built on. Freehold ownership is rare for foreigners in Bali but allows full ownership rights and no time limit on occupancy.

How to Get Started with Property Ownership in Bali

Property ownership for foreigners in Bali is not as complicated as it may seem initially. After doing some research, you will find that there are many ways to go about getting started with property ownership in Bali. You can either buy a property through a company or as an individual, or you can lease property.

Find a reputable agent or lawyer

The first step in acquiring property in Bali is to find a reputable Bali real estate agent or lawyer who is familiar with the process and has your best interests at heart. There are many ways to find a good agent or lawyer, but one of the best ways is to ask around. Talk to friends, family, and colleagues who have done business in Bali, and see if they can recommend someone.

Another good way to find an agent or lawyer is to search online. Many websites list reputable agents and lawyers, and you can often read reviews of their services before you make a decision. Once you have found a few potential candidates, take your time to meet with them and ask them questions about their experience with property ownership in Bali.

Once you have found an agent or lawyer, you feel comfortable with. The next step is to start doing some research. It would be best if you familiarized yourself with the different types of property ownership available in Bali and the process of acquiring property. This will help you make an informed decision about what type of property ownership is right for you.

Get all the necessary documents in order

Foreigners who wish to purchase property in Bali must first obtain a Limited Liability Company (PT PMA), as ownership of land and buildings in Indonesia is prohibited for companies without a PT PMA license.

Setting up a PT PMA is not a complicated process. Still, it will require time, patience, and the assistance of a reliable Indonesian law firm specializing in property law. The necessary steps are as follows:

1. The first step is to secure all required documents, including a passport, Ketua Desa (village head) letter, statement letter from the company (if applicable), articles of association and proof of funds.

2. You must submit these documents and an application for incorporation to Jakarta’s Ministry of Law and Human Rights. Once the application has been approved, you can obtain a business license (Izin Usaha Domestik/IUD).

3. With the IUD in hand, you can then register your PT PMA with the Trade Register at the local court (Bale Banjar).

4. Lastly, you must obtain a tax registration number (NPWP) from the Tax Office and open a bank account in your company’s name.

Once these steps have been completed, you will be ready to purchase property in Bali as a foreign investor!

Make sure you understand the process and all the fees involved

Property ownership in Bali is a process that requires due diligence and careful planning. Before taking the plunge, there are many things to consider, such as the type of property you’re interested in, the location, the fees involved and the Indonesian government regulations.

This guide covers all the key points you need to know about property ownership in Bali, including:

The types of property available for foreigners to purchase

The locations where foreigners can buy property

The fees involved in buying property

The Indonesian government regulations around property ownership for foreigners

The benefits and risks of investing in Bali real estate

By the end of this guide, you will clearly understand what’s involved in property ownership in Bali as a foreigner, and you will be able to make an informed decision about whether it’s right for you.

3: for ssgnews.com

A Guide To Villa Ownership In Bali

Bali Property Prices

Bali is a beautiful island in Indonesia that is well known for its stunning beaches, lush jungles, and friendly people. It is no wonder that Bali has become a popular destination for travellers from all over the world. If you are considering purchasing a property in Bali, you should keep a few things in mind. This article will discuss the best areas in Bali to buy a villa.

Location, Location, Location

Regarding property prices in Bali, the old real estate adage of ‘location, location, location has never been more true.

Bali is an island with a very diverse landscape, from the bustling metropolis of Seminyak and the chic beachside town of Canggu to the more relaxed and laid-back atmosphere of Ubud. And each location has its unique character and charm, which is reflected in the property prices.

For example, a luxury villa in Seminyak will cost more than a modest bungalow in Ubud. Still, there are other factors to consider, such as the size and condition of the property, as well as the amenities and facilities included.

Of course, your budget will always be an essential factor in any property purchase, so it’s important to do your research and have a clear idea of what you can afford before you start looking.

With that said, let’s look at some of the most popular locations in Bali and see how they compare in terms of property prices.

The Size Of The Villa

The size of the villa is an important consideration when buying a property in Bali. Most people want an estate that is big enough to accommodate their family and guests comfortably but not so large that it is difficult to maintain. There are a variety of sizes available, from one-bedroom villas to massive six-bedroom estates. It is also possible to find more than one-level villas, which can be a good option if you want a separate space for guests or renters.

The Age Of The Villa

The average age of a Bali villa is around ten years old. That’s relatively young compared to other resorts where the average age of a villa would be closer to 20 or 30 years old. Because of this relatively young age, there is an abundance of modern amenities and features that you’ll find in Bali villas that you wouldn’t find in other resort destinations. Another big advantage to the young age of Bali villas is that they are much easier to maintain than older properties.

Bali Property Types

Bali is an exotic island that has become increasingly popular for villa buyers from all over the world. The main reasons for this are the diversity of landscapes, the friendly Balinese culture, year-round warm weather, and stunning beaches. Bali has something to offer for everyone, and that includes those who are looking to buy a villa.

Freehold Villas

Freehold Villas are the most popular type of property for sale in Bali. You own the land and property outright when you purchase a freehold villa. This gives you much freedom regarding design, building, and additions or modifications to your estate. You can also sell or rent your property without any restrictions.

Leasehold Villas

Leasehold villas are trendy in Bali as they offer an affordable way to purchase property with the added security of a long-term lease. Generally, a leasehold villa will have a lease of 25-30 years with the option to extend for a further 10-20 years. Leasehold villas can be found in all areas of Bali but are most popular in the south, where there are many international standard gated communities.

Villa With Land

Villa with the land gives you more privacy as you will have your land to enjoy. With this option, you also have the potential to expand the property in the future if needed. When looking at villas with land, remember that the land size may differ from what you’re used to backing home. In Bali, the land is often sold in area or per m2 – and not in acres like in many other countries. So make sure to ask about the size of the lot when considering this option!

Bali Building Regulations

Bali villas are a dime a dozen, but finding a villa built to legal and safety standards can be pretty challenging. Building regulations in Bali are essential to consider when purchasing a villa. This article will discuss the best areas in Bali to buy a villa that meets building regulations.

Building Permits

Before you start construction on a new build or an extension to an existing one, you will need to apply for a building permit at the local office of the Ministry of Public Works. The application must include building plans drawn up by a registered architect or engineer, and once approved, construction can commence. You should allow at least two months for the permitting process.

If you are buying a property that is already built, check that the previous owner obtained all the necessary permits. It is not uncommon for buildings to be constructed without proper approval. If this is the case, you may have difficulties obtaining permission to make any modifications in the future.

Building Materials

Deciding what materials to build your dream home in Bali with can be daunting. There are so many choices and opinions out there. We’ve put together this guide to the most common building materials used on the island to help you make an informed decision.

The most common building materials used in Bali are:

-Brick: A traditional building material, bricks are made from fired clay. They are solid and durable but can be expensive.

-Concrete: Concrete is a mix of cement, sand, water and aggregate (usual gravel). It is a versatile and widely used building material.

– Timber: Timber is a popular choice for frames and trusses as it is light and easy to work with. It is also a sustainable resource.

-Stone: Stone is a natural material that is durable and has good thermal properties. It can be expensive, however.

Bali has a tropical climate, so choosing building materials that will withstand the elements is essential. Materials such as brick, concrete and stone are all excellent choices for this climate. Timber can also be a good choice, but it needs to be appropriately treated to prevent rot and termite damage.

Building Inspections

It is crucial to ensure that the inspections are done by a qualified professional such as an engineer, architect or someone with a degree in building science. The building code in Bali has been revised several times and is now relatively modern. Many specific regulations apply to villas, so it is crucial to make sure that your estate complies with all the relevant regulations.

Bali Land Taxes

When it comes to tax, Bali is lovely for property ownership. Land and buildings are subject to a separate tax regime with different rules depending on whether the property is for commercial or non-commercial purposes. Commercial properties are subject to a yearly tax of 2.5%, whilst owner-occupied residences are only subject to a 1% annual tax.

Property Taxes

If you are purchasing a property in Bali, it is vital to be aware of the land and property taxes you will be liable for. Although Bali is generally a very affordable place to live, the taxes can add up, so it is best to be prepared.

The Indonesian government imposes many different taxes on property investors, including a 5% tax on the purchase price of the property and an annual tax of between 0.5% and 2% of the property’s value. There is also a land, and building tax levied at a rate of 1% of the value of the land and 0.5% of the value of the buildings on the ground.

In addition to these taxes, buyers of properties in Bali will also have to pay a transfer fee, which the government charges when the property is transferred from one owner to another. The transfer fee is currently set at 3% of the property’s purchase price.

Land Taxes

The Bali Land and Building Tax (PBB) is a tax levied on all properties in Bali, both land and buildings. The regional government decides the tax, currently set at 2% of the property’s value. The tax must be paid annually, and the amount payable is based on the most recent property valuation carried out every five years.

Bali Insurance

You must know before buying property in Bali that you MUST HAVE BALI INSURANCE. This is non-negotiable. Without Bali insurance, you will not be able to register your property title, and the process will be very complicated.

Homeowners Insurance

Villas in Bali range from luxurious four-bedroom properties perched atop cliffs with ocean views to more modest cheap Bali houses for sale in central areas of the island. No matter what type of villa you are looking for, it is important to purchase adequate homeowners insurance to protect your investment.

There are a few factors to consider when determining how much coverage you need, including the value of your home, the rebuilding costs in case of damage, and the contents of your home. It is also essential to consider whether you need liability coverage in case someone is injured on your property.

Some insurance policies will cover damage caused by earthquakes and tsunamis, but these events are not every day in Bali. However, flooding is a real risk in many parts of the island, so purchasing a policy covering flood damage is crucial.

Once you have determined how much coverage you need, you can compare rates from different insurers to find the best deal. It is also a good idea to consult with a local agent who can help you understand the particulars of insuring a villa in Bali.

Title Insurance

When you purchase a property, particularly a villa in Bali, you will be asked to take out Title Insurance. This is to protect the lender in the case that the ownership of the property is disputed. It is a one-off payment at the time of purchase and is generally around 0.5% of the purchase price.

Bali Closing Costs

When buying a villa in Bali, it is vital to know the various fees and taxes associated with the purchase. These closing costs can add up and be a significant expense, so it is essential to be prepared for them. Here is a breakdown of the typical closing costs in Bali.

Notary Fees

When you buy a property in Bali, the notary will charge a fee of around 1% of the total sale price. For example, if you buy a property for IDR 1,000,000,000 (One Billion Rupiah), the notary fee would be IDR 10,000,000. The buyer usually pays the notary’s fee.

Transfer Taxes

The standard purchase price for a villa in Bali is 5% of the property value but can be as low as 2% if the buyer meets certain conditions. The Indonesian government imposes a good luxury tax of 10% on all properties valued at over IDR 1 billion (US$70,000). This 10% tax is imposed on top of the standard purchase price.

Agent Fees

The agent’s fee is payable by the purchaser and is usually 2% + VAT of the sale price of the villa. This standard fee is paid to the agent by the buyer on completion of the sale.

4: for atoalinks.com

Why Now Is The Right Time To Buy Property In Bali

Property Prices in Bali

Property prices are on the rise

According to the latest data from the Indonesian Central Bureau of Statistics (BPS), housing prices in Bali have risen over the past few years. In 2016, the average cost of a property in Bali was IDR 27.5 million (US$2,185); in 2017, this figure rose to IDR 30.6 million (US$2,369).

With prices increasing, now is an excellent time to buy property in Bali. Not only will you be able to enjoy your piece of paradise, but you will also be making a wise investment that will likely appreciate over time.

Many different types of property are for sale in Bali, from luxury villas to more affordable apartments. Whatever your budget, there will surely be something that meets your needs.

If you are considering buying property in Bali, now is the time to act. Contact a reputable real estate agent today and search for your perfect home or investment opportunity.

The current market is favourable for buyers.

Bali’s real estate market is attractive for foreigners since the prices are low in comparison to other countries in Southeast Asia. The current global economic situation has resulted in a decrease in the demand for Bali properties, and this has created an ideal market for buyers.

The prices of Bali properties have decreased by up to 30% in some areas, and this presents an excellent opportunity for those looking to invest in a second home or a rental property. The oversupply of properties has also resulted in more negotiable prices, and developers are offering attractive mortgages and payment plans.

This is an excellent time to buy property in Bali as the market is favourable for buyers. However, it’s essential to research and work with a reputable real estate agent to ensure you find the right property at the best price.

The Lifestyle in Bali

Bali is a beautiful place with a lot to offer. The beaches are perfect, the people are friendly, and the lifestyle is relaxing. It is no wonder that many people are choosing to buy properties in Bali. If you are thinking about making a move, now is the time. Here are a few reasons why.

Bali is a beautiful and popular destination.

Bali is a beautiful and popular destination for those looking for a unique island lifestyle. The island is renowned for its stunning beaches, lush jungles, and vibrant culture. It’s no wonder many people are considering purchasing property in Bali.

There are many reasons why now is the perfect time to buy property in Bali:

1. The island’s infrastructure is constantly improving. New roads, bridges, and airports are being built, making it easier to get around and connect with the rest of the world.
2. The cost of living in Bali is very reasonable, especially compared to other popular destinations such as Thailand or Australia.
3. The island’s political situation is stable, making it a safe place to live or invest.

Fourth and most importantly, Bali is a lovely and welcoming place. The people are friendly and hospitable, and there is a great sense of community on the island. Bali should be at the top of your list if you’re looking for a place to call home that offers everything from stunning natural beauty to a laid-back lifestyle. Contact a reputable real estate agent today to start exploring your options for purchasing property in Bali.

The lifestyle is relaxed and enjoyable.

Bali is an Indonesian island located in the westernmost part of the Lesser Sunda Islands, lying between Java to the west and Lombok to the east. It is one of the country’s 33 provinces, with the provincial capital at Denpasar towards the island’s south. Bali is Indonesia’s leading tourist destination, with many international and domestic tourists booking flights to Bali each year for its tropical climate, beautiful beaches and unique Hindu culture.

The lifestyle in Bali is relaxed and enjoyable, with plenty of opportunities to enjoy the outdoors and participate in a range of activities such as surfing, diving and snorkelling, fishing and golfing. The island also offers a great choice of accommodation, from luxury villas and apartments to more affordable guesthouses and hostels.

With its stunning natural scenery, friendly locals and great amenities, it’s no wonder that Bali is such a popular choice for those looking to purchase property overseas. If you’re considering buying a property in Bali, now is a great time to do so, thanks to the favourable exchange rate. Contact us today to find out more about our latest listings.

The Economy in Bali

Bali is a renowned tourist destination, which means the economy is booming. The recent developments in the infrastructure have made Bali even more attractive to investors. Property prices are on the rise, but some good deals are still to be found. If you’re considering buying property in Bali, now is the time to do it.

The economy is growing.

The Indonesian economy has been steadily growing in recent years, which has positively impacted Bali’s property market. Tourism is one of the main driving forces behind Bali’s economy, and the island is becoming increasingly popular as a holiday destination. This has led to a growing demand for accommodation, both from tourists and people looking to buy properties in Bali as a second home or investment.

The Indonesian government is also investing heavily in infrastructure development on the island, making Bali even more attractive to investors. These infrastructure projects include plans to build a new airport, a new seaport, and improved roads and public transportation. This investment is likely to boost Bali’s economy and property prices further.

Why Now Is The Right Time To Buy Property In Bali

Bali has been a tourist destination for many years and, more recently, a haven for digital nomads and retirees. The island has a lot to offer, from its stunning beaches and scenery to its friendly locals and great food. The weather is also perfect year-round, making it a great place to live. If you’re considering buying property in Bali, now is a great time to do it. Prices are still relatively low, especially in popular destinations like Europe and the US.

Property prices are affordable.

The prices of property in Bali are still affordable compared to other popular tourist destinations such as Thailand and Vietnam. The global economic downturn has also made Bali property more affordable than ever.

If you are considering buying property in Bali, now is the time. Prices are not likely to go any lower, and there is a good chance that they will start to rise again in the next few years.

The lifestyle is enjoyable.

Bali is renowned for its natural beauty, friendly locals, and laid-back atmosphere. The lifestyle is enjoyable, and plenty of activities keep you busy. And, with its affordable property prices, now is the ideal time to buy a property in Bali.

The Indonesian island of Bali is a top tourist destination, and it’s easy to see why. Bali has something for everyone, from its stunning beaches and temples to its lush green rice fields and volcanoes. The island is also home to a vibrant expat community, meaning a tremendous social scene exists. And with its tropical climate, Bali is the perfect place to enjoy a relaxed lifestyle all year round.

If you’re considering buying a property in Bali, now is the time to do it. Indonesia has been experiencing strong economic growth in recent years, which is set to continue. This economic growth is benefitting the property market on the island, with prices rising steadily. So, if you buy now, you’re likely to see your property increase in value over time.

Another reason now is a good time to buy property in Bali is that plenty of affordable options are available. Whether you’re looking for a villa by the beach or a cozy apartment in the city centre, you’ll be able to find something within your budget. And, with interest rates currently low, it’s easier than ever to get finance for your purchase.

So, if you’ve been considering buying property in Bali, now is the time to do it. With its affordable prices and lifestyle appeal, Bali is the perfect place to invest in your future.

The economy is strong.

The Indonesian economy is doing very well at the moment. Inflation is under control, and growth is strong. The country has a massive population of young, educated people driving change in all sectors.

The strong economy is good news for those buying property in Bali. Prices are rising, but they are still very reasonable compared to other parts of Asia. And as the economy continues to grow, prices will likely continue to rise.

There are also many new developments all over the island, so there is plenty of choice for those looking to buy property in Bali. Whether you want a villa on the beach or a city condo, you can find something that suits your needs and budget.

So if you have been considering buying property in Bali, now is the time to do it. Prices are rising, but they are still very affordable, and plenty of choices are available.

5: for ssgnews.com

How Queenslanders Can Retire Comfortably

The current state of retirement in Queensland

It’s no secret that retirement is increasingly difficult to achieve comfort in Queensland. With the cost of living continuing to rise and wages stagnant, many people are struggling to make ends meet, let alone save for retirement.

The number of retirees in Queensland

As of 2016, around 646,000 retirees were living in Queensland, representing 18.6% of the state’s total population. This is projected to increase to 775,000 by 2026 (22.1%) and 931,000 by 2046 (25.7%).

Of those who were retired in 2016, around 45% were men, and 55% were women. The median age of retirees was 66 years (compared with 37 years for the non-retired population), and the average age was 68.

Just over one-quarter (26%) of retirees were aged 75 years or older in 2016, and this is projected to increase to almost one-third (32%) by 2026 and 38% by 2046.

The average retirement savings in Queensland

New research has revealed that Queenslanders are falling behind in the retirement savings stakes, with 36 per cent of baby boomers saying they have no superannuation whatsoever.

The State of Retirement in Queensland report, commissioned by industry fund Rest, found one-third of retirees are utterly reliant on the age pension and almost as many are only partially self-funded.

The report surveyed 1,000 Queenslanders aged 50 and over who are not currently retired to gauge their attitudes towards retirement and financial preparation.

It found that just over half (51 per cent) are confident they will have enough money to live comfortably in retirement, but 65 per cent have not sought financial advice about retirement planning.

Of those who have sought advice, the most common source was a financial adviser (37 per cent), followed by family and friends (24 per cent).

Interestingly, one in five people said they would trust retiring sooner if they had more money.

The cost of living in retirement in Queensland

To retire comfortably in Queensland, it is essential to consider the cost of living in retirement. The cost of living can vary depending on where you choose to live, but in general, retirees can expect to pay more for housing, healthcare, and other essentials than they did during their working years.

Housing costs are one of the most significant expenses for retirees, and unfortunately, they have been on the rise in recent years. The median house price in Queensland is now $635,000, a significant increase from the $550,000 median price in 2016.1 For many retirees who are selling their family home and downsizing, this rise in prices can eat into their retirement nest egg.

Healthcare costs are also an important consideration for retirees. In Queensland, the average cost of healthcare for a retired couple is $5,460 per year.2 This cost can be even higher if you or your spouse requires regular medication or has a chronic health condition.

Other essential costs, such as food and transportation, can also add up in retirement. According to Australian Bureau of Statistics (ABS) estimates, the average retired couple spends $2,853 per year on food and $2,386 on transportation.3 When planning for retirement, it is essential to factor in all of these potential costs so that you can ensure you have enough money to live comfortably.

How to retire comfortably in Queensland

Deciding to retire is a big step and one that will no doubt come with a lot of financial questions. How will you fund your lifestyle? What will you do with your time? How can you ensure you have enough money to last you through retirement?

Save as much as you can

Start by calculating how much you will need to spend each year in retirement. This is your annual retirement income goal.

Your goal should cover all your essential costs, including:

-Housing

-Food and groceries

-Utilities and council rates

-Healthcare and insurance

-Transport

-Clothing and personal care

It’s a good idea to spend extra money on leisure activities and unexpected costs.

Once you know how much income you’ll need each year, you can develop your retirement savings plan.

Invest in property

One way to ensure you have a comfortable retirement is to invest in property. Queensland has several great retirement locations, including the Sunshine Coast, Brisbane, and Cairns.

There are many ways to invest in property, including buying an investment property outright, taking out a reverse mortgage, or investing in a self-managed superannuation fund (SMSF).

Investing in property can provide you with some benefits in retirement, including a regular income stream from rent, the potential for capital growth, and the ability to downsize and release equity if needed.

If you’re considering investing in property as part of your retirement strategy, speak to a financial advisor to find out more about what’s involved and what options are available.

Consider downsizing

One way to reduce your costs in retirement is to downsize your home. This can free up cash that can be used to top up your superannuation or used to supplement your income in retirement.

If you’re not sure whether downsizing is right for you, consider the following pros and cons:

Pros:

-You can use the equity in your home to boost your retirement savings.

-You may be able to free up cash that can be used to supplement your income in retirement.

-Downsizing can help reduce your costs in retirement.

-It can be easier to maintain a smaller home.

Cons:

-You may have to move away from friends and family.

-You may need to downsize your possessions.

-You may need to find a new doctor and other services.

A relocation could be the perfect opportunity to downsize and reduce your costs. If you’re considering this option, speak to a financial advisor to find out how it could affect your retirement income and savings.

Have a retirement plan

No matter how much money you have, it’s essential to have a retirement plan. This will help you make the most of your money and ensure you can retire comfortably.

There are a few things to consider when crafting your retirement plan. First, you need to consider how much money you will need to support yourself. This includes both your regular living expenses and any extra costs you might have, such as travel or hobbies.

It’s also important to factor in inflation. Over time, the cost of living will increase, so you will need more money to maintain your standard of living. The sooner you start saving for retirement, the more time your money has to grow.

Talk to a Gold Coast retirement planner to get started on creating your retirement plan. They can help you assess your current financial situation and make recommendations on how to best save for retirement.

Once you know how much money you need, you can start thinking about how to get it. If you have a workplace pension, this will provide some income in retirement. You may also want to consider investing in property or shares.

Whatever route you take, starting planning for retirement as early as possible is essential. By doing this, you can make sure you have enough money to support yourself later in your years.