Wednesday, 13 July 2011

Property Purchase Dominated by The Speculator

Jakarta - Real Estate Indonesia (REI) Jakarta noted there has been growth in the capital of a significant property. Despite growing, but property buyers in Jakarta is dominated by speculators who expect higher yields.

Said the Chairman of the DPD REI Jakarta, Rudy Margono who also serves as Director of the Gate Prima Group in Jakarta, Wednesday (13/07/2011).

"Now a lot of speculators. If so we can not prevent, because it occurs in the field," he said.

The number of speculators, it potentially reduces the chance of people who do not have a shelter. Because only certain groups who continue to 'collect' dwelling with the intent of investment.

On the other hand, he admitted to Jakarta property growth in recent months is remarkable. This impact to the soaring land prices in the capital.

"Of course we hope not to price (the property) is not affordable. There must be no bubbles rise, because the price does not correspond to people's purchasing power," he said.

Indonesia's house prices continue to rise significantly. The results of research from Knight Frank's property showed a rise in house prices in Indonesia is the highest to the 14th in the world.

Growth in housing prices in all major cities in Indonesia is still experiencing an increase over first quarter 2011 by 4.5% over the same period last year. The average price of housing in big cities like Jakarta and surrounding areas, especially in some fancy rose above 10%.


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