House Price Growth Reaches 1.23% in Q1 2017: BI

Eko Nordiansyah    •    16 Mei 2017 14:58 WIB
finance and money
House Price Growth Reaches 1.23% in Q1 2017: BI
Illustration (Photo: Antara/Zabur Karuru)

Metrotvnews.com, Jakarta: Bank Indonesia reported that the Residential Property Price Index accelerated to 1.23 percent in January-March 2017 from 0.37 percent in October-December 2016.

The increase was primarily influenced by higher construction material prices and construction worker wages.

"Surabaya reported the strongest growth of house prices," Bank Indonesia announced on Tuesday.

Moreover, the central bank reported that house sales growth slowed to 4.16 percent in January-March 2017 from 4.16 percent in October-December 2016.

The decrease was mainly influenced by less housing loans disbursed by banks.


(WAH)