Land prices in Bali More Expensive than America

The price of land in Bali now exorbitant . Even the price is now more expensive than in the UK and even the United States . Really? Businessman property is also owner of House of Bali , Zainal Sania admitted , the price of property in Bali especially in Badung regency , indeed exorbitant , more expensive than the price of land abroad . " Yes it's true , the price of land in Bali today is more expensive than the UK or the United States . For example , in the Connecticut region of the United States , there can be U.S. $ 75,000 an acre , while Bali Canggu area of one hectare costs USD 45 billion , just compare it , " he told recently. In Bali , according to Zainal , the current price of the most expensive land in the tourist area of Kuta . In Seminyak for example , the price of land is USD 3 billion per acre ( 100 m2 ) . In the area of Pecatu hill land price is USD 1.6 billion per acre . In other Hill area prices vary from USD 1 to 1.5 billion by the existing condition of land and coastal cliffs . " The surge in property prices in Bali , started happening the last 5 years , the increase is 30 percent per year , especially the last two years the price is crazy. Causes , because at least available land and Bali is still popular among speculators - property speculators are aggressively looking for land for investment and business , " he said . In addition to soaring land prices , property prices in Bali also skyrocketed as soaring land prices . " There is a hotel with an area of ​​1 hectare of land in Seminyak . 3 years ago worth Rp 80 billion , are now sold worth Rp 200 billion , that's all there was an increase of 250 percent within 3 years , " he added . Buyers of property in Bali , said Zainal , derived from the major cities in Indonesia and overseas buyers who cooperate with Indonesian citizens . Not only in Badung regency , the increase in property prices is now also already begun in some other districts in Bali like Gianyar , Tabanan , Jembrana , Buleleng up . " In the area of Saba beach now costs Rp 300 million per acre , 2 years ago the price was U.S. $ 60 's per acre , whereas the black sand . Prices also gained ground in coastal areas Medewi Jembrana , Tulamben , Lovina west wall to the area , " he said . Zainal predicting skyrocketing property prices in Bali will not last long . "No longer, a maximum of 5 years , 5 years is not easy to find land in Bali , which occurs later is HGB ( right to build ) , " he explained