No. 24/53/DKom
The
latest Residential Property Price Survey conducted by Bank Indonesia shows
residential property prices accelerated in the fourth quarter of 2021. Faster
growth of the Residential Property Price Index (RPPI) was recorded at 1.47%
(yoy) in the reporting period, up from 1.41% (yoy) in the third quarter of
2021. Meanwhile, respondents predicted more restrained growth of residential
property prices in the primary market in the first quarter of 2022 at 1.29%
(yoy).
In
terms of sales, the Survey indicates a shallower contraction of residential
property sales in the primary market in the fourth quarter of 2021, improving
to -11.60% (yoy) from -15.19% (yoy) in the previous period.
Based
on sources of financing, the Survey confirms that most developers continued to
rely on non-bank financing in the form of internal funds for residential
property development, dominating 63.33% of total capital in the fourth quarter
of 2021. On the consumer side, housing loans disbursed by the banking industry
remains the preferred source of financing for residential property purchases,
accounting for 75.65% of the total.
Complete
survey results are available from the Residential Property Price Survey
posted on the official Bank Indonesia website.
Jakarta, 16th February 2022
Head of Communication Department
Erwin Haryono
Executive Director
Information on Bank Indonesia
Tel. 021-131, email: bicara@bi.go.id
