Property in Indonesia has very significant contribution toward the economy. Not only because of large number population, but also the need for the house are still high. The youngster or called millenial has contribute the most buyer in recent year, i.e age between 25-35.
The most populous country in South East Asia gain upper hand since relaxing regulation for the foreigner to buy property. These give boost for the property sector to growth, but still fall below expectation. Mostly because still many regulation have to follow which is still barrier for the growth.
Although analyst said it is in stagnant position, but it is an opportunity to buy house. The price little bit cheap compare to previous year, and the prospect may be good in future. Some said because of election year, many spending not for the property.
According to the property website, it has significant increase in search for the house in big city. Mostly searching for the apartment, either for rent or to buy. This mean prospect are still positive and the need for the house are still high.
Property policy might have to wait until the election over, but analyst believe doesn't change much. This is because the need for house still high and government try hard to cover all people without a house. The problem may be on the budget, since priority in on the infrastructure, the property must to wait for the turn.
Anyway better buy property now, in which the price still cheap. You can buy through broker or on your own, but do research. Choose property in the area which has good facility and the population may grow bigger in the future.
