Can a foreigner legally build and operate a villa rental business in Bali?

[pantaiema]

You might think buying into Bali's accommodation industry is a smart move, but the grim truth is that hundreds of local hotels are currently being sold off.


Tourism Slump? The Truth Behind Hundreds of Bali Hotels for Sale

Hundreds of Bali Hotels Listed For Sale Online, Governor Koster Denies Slump

Bali Governor Wayan Koster has dismissed claims of a tourism downturn following reports of hundreds of hotels listed for sale online.

www.indonesianow.co

Hundreds of Bali Hotels Listed For Sale Online, Governor Koster Denies Slump

 

[Balifrog]

Of course the governor will deny this...

In my street :

• 1 small hotel for sale
• Big brand new 2 houses, 4 bedroom each, finished since over a year, still for sale
• Next the resort I live, a brand new house, build by a French "investor",finished 2 years ago. Was rented 6 months, for sale since then
• 8 years ago in my area there were 3 ressorts, now there are7 or 8
• The ressort I live (30 bungalows), 8 years ago 40% occupancy in low season, 80 in high season. Now it is 15 and 50