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Indonesia: Increase witnessed in residential property prices in Apr.-Jun. period
(MENAFN) A survey released by Bank Indonesia said that residential property prices in Indonesia surged by 1.49 percent annually in the April-June period of 2021.
Head of the Communications Department of Bank Indonesia Erwin Haryono stated on Friday: "this figure is higher than the 1.35 percent increase in the previous quarter."
The survey also figured that residential property sales in the cited period narrowed by 10.01 percent, a decrease from 13.95 percent in the first three months.
Haryono further said: "the deeper decline in property sales was restrained by sales of medium-sized houses, which continued to grow positively."
Head of the Communications Department of Bank Indonesia Erwin Haryono stated on Friday: "this figure is higher than the 1.35 percent increase in the previous quarter."
The survey also figured that residential property sales in the cited period narrowed by 10.01 percent, a decrease from 13.95 percent in the first three months.
Haryono further said: "the deeper decline in property sales was restrained by sales of medium-sized houses, which continued to grow positively."
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