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Brits buying up in Bali.
Hundreds of Britons have been buying up property in
the sunshine paradise of Bali. While a few live on the
Indonesian island, most have bought for buy-to-let purposes,
aimed at Bali's year-round tourist trade.
Despite the terrorist attack in October 2002, which
killed 202 people, property prices remained stable,
while the Tsunami which devastated many other parts
of South-East Asia, did not affect Bali.
Property prices on the south coast, where 300ft cliffs
afford spectacular views over the Indian Ocean, have
increased by 20% in the past six months with a few properties
selling for more than $1 million.
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