The property has staff accommodation on site. – private investment into hotels, restaurants and retail. Our extensive coverage in the region gives us a unique understanding of the luxury property market. If anything this year we have seen an increase. Your email address will not be published. @fabiankiby, The perfect escape! Melbourne most likely to be serviced initially followed by Sydney. Part 1: Why use a Real Estate Agent in Lombok. Lombok’s growth is mostly attributable to the island being positioned as an alternative holiday destination to Bali. Lombok offers a rare chance for investors to buy into a market that is on a steep upward curve, yet remains accessibly priced. In the 12-month period before the COVID-19 pandemic grounded international flights around the world, Lombok received a million tourists and recorded 20% year-on-year growth. Advertise your property, search for a dream home, analyze market data and prices or value your property … – New retail offerings in Kuta including both boutique and larger retail operators including a large supermarket and Rip Curl clothing store. Lombok is situated 163KM east of the popular resort island of Bali – Asia Pasific’s #1 tourist destination, and is part of the Government’s ’10 new Bali’s in 10 years’ project. In recent years, the Indonesian government has realised Lombok’s huge potential and started to promote the island as one of the country’s primary tourist destinations. Please correct the marked field(s) below. lombok property for sale, lombok property investment, lombok property market, lombok property and villas,lombok hotel for sale, gili islands indonesia, lombok indonesia, lombok resorts 5 star, lombok resort hotel, sirkuit motogp lombok Considered one of the five most attractive emerging investment locations in Asia by ‘Property Report’, Lombok is situated between the tourism hotspots of Bali and Komodo Island. Also electricity connection is available at the property … Invest in a turnkey solution with comprehensive facilities, completion 2020. Lombok boasts a climate that seldom sees temperatures rise above 33C or drop below 21C – the perfect weather for exploring its stunning beaches, diving in clear, fish-filled oceans, and enjoying a true tropical paradise. Island Property Real Estate are proven specialists in all facets of real estate on Lombok. Have prices per m2 decreased? Various private and government-backed resort projects have opened for business, while more are in the pipeline. You can contact us here. Minimum purchase is … As property in Lombok is generally held debt free it tends to ride out bumpy periods better than highly leveraged property markets. Land with the best views. As its neighbour faces challenges associated to over-tourism, investors are turning to Lombok for more reasonably priced land and property investment opportunities. Jean-Marc Reynier points out the big change he has noticed in the property market in Lombok and the Gilis saying more mid-scale businesses are entering the market as well as a few boutique hotels; many coming from overcrowded Bali. With investment into the island and the Lombok property market just starting to pick up, the land values are affordable and accessible. Below are the key factors we believe will influence property prices in Lombok in 2020 and beyond: – The start of direct flights from Austalia’s East Coast likely to commence. 2. This completed two bedroom v. Can foreigners own property in Indonesia? Other regional markets, such as Koh Samui and Phuket in Thailand, also contribute, as do the high prices in developed markets such as Australia, Hong Kong, Singapore, and Malaysia. – Additional direct capacity to Singapore as AirAsia looks to expand routes from their Lombok hub. Indonesia has experienced consistent economic growth of between 5-6% year-on-year since 2010 and this is expected to continue in years to come. If your preference is to purchase land there are diminishing opportunities to purchase flat, well located blocks in tourism hotspots, such as central Kuta Lombok, and this type of ready to build block would be one key area of focus. Arief Yahya, Indonesia’s Minister of Tourism, considers Lombok to have the fastest growing tourism market in the region and development has quickened in recent years courtesy of a new international airport catering to overseas visitors from Australia, Malaysia and Singapore. Question. Development was for many years almost exclusively concentrated along the north-western coastline, where Lombok’s most popular destinations are situated: the famous Gili islands of Meno, Air and Trawangan. © 2021 Reef Property Lombok. The resort has 15 bungalows, 1 beachfront restaurant, 1 spa, 1 lobby Lombok: To go to the page of the property of your interests, please click on the pictures of that certain property or click on the button that says “More information”. The rising domestic demand of Indonesian investors and tourists is an additional factor. I have a couple questions before buying a property Holiday makers particularly enjoy the famous Gili Islands, while the mighty Mount Rinjani attracts hikers and surfers visit for Desert Point, which boasts some of the best barrels in the world. Situated in a coconut grove on the west coast of Lombok, this 4-Star property is a 5-minute drive away from Senggigi; Lombok’s prime tourist and shopping area. KHD can help select the plot to build a Lombok house for sale or to have for living or a holiday home. – Increased international tourism numbers underpinning strong occupancy levels for villas and hotels, especially in South Lombok. Happy to discuss specifics with you at any time. Overflow from other popular tourism markets completes the picture. The tropical Paradise island of Lombok is an island of outstanding natural beauty with mountainous areas including Mt Rinjani to the north of the island sloping down to white beaches of Kuta and surrounding beaches. 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