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Bali property prices have plummeted by up to 50 per cent with a 14-bedroom home going for as low as $540,000.
The Covid-19 pandemic has hit the property market hard and sent house prices tumbling to historic lows.
Luxury homes with resort-style pools and views of the beach are being sold for 30 to 50 per cent lower than the asking price during pre-Covid-19.
The bargains come with one catch: buyers must purchase the property sight unseen, The West Australian reported.
Luxury homes with resort-style pools and views of the beach are being sold for 30 to 50 per cent lower than the asking price during pre-Covid-19 (pictured, a four-bedroom villa at Ulawata Beach is currently going for $340,000 - down from $440,000 the year before)
White-coated brick walls, pristine tiled floors and luxurious bedroom inside the property at Ulawata Beach
Indonesia Ray White real estate chief executive Johann Boyke
