Indonesia Q4 House Price Growth Hits 3-Year Low

Residential property prices in Indonesia increased by 1.39% year-on-year in Q4 of 2024, slowing from a 1.46% rise in Q3 and marking the softest rise since Q4 of 2021.

The latest result reflected a decline in purchasing power and a rise in layoffs, with property prices moderating for both small houses (1.84% vs 1.97% in Q3) and medium houses (1.31% vs 1.33%).

By contrast, they rose faster for large properties (1.46% vs 1.04%).

Among cities, property prices mainly eased in Padang (1.28% vs 1.35%), Pontianak (2.82% vs 3.34%), Banjarmasin (1.29% vs 1.57%), and Manado (0.2% vs 0.43%).