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Property prices in Indonesia on the rise

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Indonesia
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According to the latest data from Bank Indonesia’s Property Price Index (IHPR), prices of new buildings have been rising steadily.

In the fourth quarter of 2023, new building prices increased by 1.74% compared to 2022. This increase was mainly driven by small properties, whose prices increased by 2.15 per cent, while prices of medium and large houses increased by 1.87% and 1.58%, respectively.

Bali apartments for sale 67 listings on Tranio
New residence with a swimming pool, a park and a co-working area, Bali, Indonesia for From $154,000 From $154,000
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Turnkey apartments in a new residential complex, Pererenan, Bali, Indonesia for From $108,000 From $108,000
Turnkey apartments in a new residential complex, Pererenan, Bali, Indonesia

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Residential complex with an access to beaches in the best surfing area in Bali, Indonesia for From $187,000 From $187,000
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Furnished apartments in a new residential complex near Batu Bolong Beach, Canggu, Badung, Indonesia for From $175,000 From $175,000
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Modern turnkey apartmentы within walking distance from the ocean in a complex with a rooftop pool, Berawa, Bali, Indonesia for $135,000 $135,000
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Luxury residence with a swimming pool and a co-working area on the first sea line, Bali, Indonesia for From $223,000 From $223,000
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Completion in: 2024.IV Total of 19 apartments

The report’s data showed that 10 out of the 18 cities surveyed recorded an increase in house prices in the fourth quarter of 2023. Pontianak, Banjarmasin and Manado saw a notable jump in property values, which rose by 3.57%, 0.70% and 0.32% year-on-year respectively.

Despite the increase in prices, sales in the property market are on the rise. The increase in sales applies to all types of properties, especially medium and large properties, with an increase of 6.29% year-on-year.

Source: Expat Life in Indonesia

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