Indonesia's property market pauses
This content is archived.
Prices of Indonesian properties continue to rise, or at least so it seems, judging by asking prices. But in inflation-adjusted terms, prices have stopped rising. The Indonesian residential property price index (14 major cities) rose by 6.27% during the year to Q1 2015, according to Bank Indonesia - less than the 7.92% growth y-o-y to Q1 2014, and a significant decline from the 13.51% growth recorded y-o-y to Q3 2013.
And when adjusted for inflation, property prices in the country actually fell by 0.26% during this past year.
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