Indonesia’s property market is expected to depict bullish trends in the year 2016.
Recent property value reports show that Indonesia’s major development companies like Jakarta and Medan are doing well across the country. Property values are rising at staggering rates, from 13 percent year-on-year to a whopping 66 percent in some areas.
Dozens of Jakarta neighborhoods received a giant boost in property values as a result of the city’s improved security situation in 2015. The improvement is expected to further raise interest in property markets around the nation, by attracting foreign investors. Neighborhoods in Jakarta and Medan are already experiencing the benefit of increased stability in the nation’s largest city. Although these rising prices in the nation’s largest cities are a boon to property owners, they are a significant barrier to newcomers.