Property investment, Good or Bad for Economic Growth

The trend for foreigners to buy villas, rent long-term villas, or rent land for business in Bali has recently increased. This is very encouraging for Bali Tourism because there are more and more tourists, both domestic and foreign, to live in Bali.

In this digital era, information is getting easier, in seconds, information will spread throughout the world. However, it should be our common concern to be more vigilant and careful when spreading news, because there will be legal sanctions if we spread fake news/hoaxes.

Back to the topic we discussed, will this trend provide a positive trend for the tourism accommodation sector? , apparently did not have a significant impact. Most of them have booked private villas, residents’ houses, or rented long-term land to build villas and rent them out to friends or relatives who will come to Bali.

Then what is the positive impact on the Bali Tourism sector?, or what about state revenue from the tax sector for cases like this?

These are two important things that the government must pay attention to so that their arrival will actually harm people who work in tourism, property owners, and other services related to property.

This trend must be wisely addressed by stakeholders, there must be collaboration between agencies so that their arrival to invest in Bali has a positive impact on the local population in particular, and the country in general. And not only provide benefits for their group exclusively