KEY TAKEAWAYS An appraisal estimates market value. It is not the asking price, and an agent's free "market appraisal" is not a formal KJPP valuation. Bali property is valued three ways: comparable sales, rental income (yield), and replacement cost. Remaining leasehold years are the single biggest value driver. Value drops sharply once a lease falls below ~15 years. Freehold sells for roughly...