Indonesia Property Market About to Hit Boom Time?

Is Indonesia Property Market About to Hit Boom Time?

June 10, 2013

Indonesia’s residential property price index (based on 14 cities) rose by 7.4 percent (2.04% adjusted for inflation) during the year to end Q1 2013, according to figures from Bank Indonesia.

Residential property sales volume rose by 26.68 percent in the fourth quarter of 2012. Sales mainly rose in small houses following the increase on subsidized housing loans for low-income people.

Residential property prices in Indonesia also accelerated for all property types.

Why the increase in activity in the property market? There has been economic growth since 2009 to 6.2 percent in 2012 and growth is expected to continue in 2013.

But not everyone can buy property in Indonesia. In fact it’s almost impossible for expats to buy freehold. They can, however, buy leasehold for upto 70 years. Read ‘An overview of the legislation involved in property transactions within Indonesia’ to find out more.

 

by AngloINFO World editor. Find out more about AngloINFO World editor here.