Of Paradise Islands If you're looking to flee this damp island for one that's a little more exotic, Laura Latham has compiled a list of the hottest places to visit throughout the coming year.
Bali
The palm-fringed Indonesian paradise was untouched by December's tsunami and developers have continued to unveil new residential properties that have made Bali a top destination for buyers. Prices vary widely, starting at around USD 300,000 for a small family villa. Foreigners can only buy property on a leasehold basis and have to set up an offshore company if they want to own their home outright. The complex regulations mean it's often easier to buy through an established developer such as PT. Hanno Bali, builder of residential resorts in the region. Its up-market beachfront Club151 development offers two-bedroom villas priced from USD 250.000 for a 20-year lease.
