Jakarta, Indonesia (PRWEB) December 06, 2011 A recent survey by Bank Indonesia revealed that residential property prices in Indonesia decreased by 2.2% while property sales climbed to 4.5% from last year. Despite this decrease, prices of residential properties are expected to start rising, although at a slower rate. Economists are puzzled by this dip in prices for residential property.
As the fourth most populated country in the world, the housing demand in Indonesia is getting stronger. One probable cause is the unpredictable inflation rate of Indonesia which tends to outpace the economic growth of the country. In fact, local publications like the popular Rumah Magazine, Majalah Properti and Laporan Rumah Dijual are closely watching this phenomenon.