Global Recreation Company
Breaking down the real estate market
from the inside
Articles
Format: an in-depth breakdown, like a case study. Every number comes with the assumption it rests on and the date it was run.
Passive income investments: 8 options compared on ₽1 million
Passive income investments compared on ₽1 million (about $12,250). A deposit pays around ₽10,900 a month with no tax, about ₽5,600 after inflation.
Is Bali real estate a good investment? Three scenarios, 2026
Is Bali real estate a good investment? It depends on the villa and the lease. In our average scenario a $376K villa takes 30.8 years to earn back its price, against 27.1 years of lease left, before upkeep and repairs.
Aman, Six Senses, Our Habitas: how each chain began with one hotel
Aman Resorts history, the Six Senses founder and Our Habitas: what each chain opened first, how big it is now and whose money it grew on.
Building on a slope: level the site or build with the terrain
Building on a slope: preparing a steep site costs 24–47% more than a flat one (US study, 2020). The main risk is water. What we did at Nord Nest and what to ask a developer.
Boutique hotel vs villa: how to invest in a Bali hotel
Boutique hotel vs villa vs apartment: why we chose a whole small hotel over apartments and villas one by one. Nightly rate, one owner company instead of many owners, and what Bali developers sell now.
Developer margin in real estate: what's in the price
Developer margin is the profit built into a property's price and collected on the day of sale. Here is what a price is made of, what entering at cost means, and what a markup would do to an 18.7% yield.
Best area to invest in Bali: remoteness isn't protection
Best area to invest in Bali: revenue per listing is falling in the south, while Kintamani is 78 km from the airport with 23.9% occupancy on Airbnb. A view and a reason to come protect value. AirROI data, 5 Nov 2026.
Thermal complex at a hotel: hot water in the Kintamani highlands
A thermal complex gives a hotel a second income line: 36% of a share's income in the Nord Nest model. The query "toya devasya kintamani" gets 18,100 searches a month in Indonesia; US hotel spas average 3.4% of revenue (CBRE).
Property investment reviews: pros, cons and risks
Most stories about property investment go wrong in one of four ways: income below the promise, money stuck, a late handover (45% of homes in Q1 2026), rent below the mortgage rate (18.0% vs 4.1%).
How to open a hotel in Bali: company, land, permits, timing
How to open a hotel in Bali as a foreigner: five steps before the first guest. You need a PT PMA company with an investment above Rp 10 billion (about $551k), land held by the company, and permits through OSS in the right order.
Real estate investment in 2026: 7 ways and what they return
Real estate investment in 2026: on one sum of 15.5 million rubles, a year after costs and tax leaves 3.8% to 15.9%. A deposit leaves 11.5%.
Investing in hotel real estate: which numbers to check
Investing in hotel real estate comes down to four numbers: occupancy, average room rate, RevPAR, and what is left for the owner after platforms and the management company.
Low season in Bali: when it is and what it means for villas
Low season in Bali is February to March, plus November; the peak is July and August. The quietest month has a third fewer foreign tourists, and in 2025 occupancy of non-star accommodation bottomed out 29% below its peak.
Resort Property Investment: Bali, Turkey, Dubai, Thailand
Resort property investment compared: Bali, Turkey, Dubai and Thailand by ownership law, taxes, rental revenue and currency. The country decides who gets paid before you, and Bali does not win everywhere.
Property tax in Bali for foreigners: what you pay and when
Property tax in Bali for foreigners comes due at four points: when you buy, every year, when you rent the villa out and when you sell. The law sets ceilings (5%, 0.5%, 10%); the regional government sets the actual rate.
Buying a villa in Bali: what it costs and what you actually buy
Buying a villa in Bali costs about $376K in our sample (median), but the same money can get you 25 years of land lease or 50. We went through 46 listings: prices by district, price per year of lease and what you pay on top.
Collective real estate investment: fund, crowdfunding or a share
Collective real estate investment usually takes one of four legal formats: a fund unit, a loan through a platform, a share in a company and a share in the property itself. We compare limits, exit and the main risk.
How to invest in Bali real estate: 7 signs it will work
How to invest in Bali real estate and tell before you buy whether it will work: seven signs of the property and the deal. How to check each one yourself and what should worry you.
Boutique hotel: what it means and how it differs from a regular hotel
What does boutique hotel mean? A small hotel with its own character and a high level of service, run by one team. There is no official "boutique" class in Russia or Indonesia.
Leasehold in Bali: what it is and how it differs from freehold
Leasehold in Bali is a lease of land for a term set by contract: you do not become the owner of the land, and the term, renewal and the fate of the house are in the contract, not in the law. What to check before paying.
How to check a developer in Bali before you send any money
How to check a developer in Bali before sending money: the company, land rights, zoning, building permits, the contract, who manages the villa after handover, and real progress on site. Nine checks, with where to look and what should worry you.
Buying a hotel room as an investment: what you own, who is paid first
You can buy a hotel room as an investment, but what you get is a non-residential room inside a hotel run by a single operator. We compare four models: your own room, an aparthotel pool, a condo-hotel in Bali and a share in the hotel company.
Bali villa rental yield: a night in Canggu costs $112, not $214
What a Bali villa rents for per night: $214 in Canggu sales decks, $112 on Airbnb. Why revenue in Canggu is falling and why in Kintamani we're building a hotel — with sources and dates.
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