Until the third quarter of 2016, housing loans are still running ramps, along with the slowdown in credit in other sectors. Property Magazine Indonesia (MPI) lowering the December 2016 edition reviews the performance of reimbursing the property until 2016 quartal 3 last.
Mentioned MPI, Bank Indonesia survey results indicate credit growth slowed in the third quarter 2016 compared to the previous quarter. From a survey of 41 commercial banks and credit market share reached 80 percent of total loans, Weighted Net Balance (SBT) demand for new loans in the third quarter 2016 amounted to 62.6 percent, or lower than the second quarter of 2016 stood at 78.8 percent.
“Slowing growth in demand for new loans occurred in consumer credit and working capital credit, de Ngan SBT decrease respectively from 36.1 percent to 9.4 percent and from 59.4 percent to 54.5 percent, “the central bank in a statement.
the results of the survey titled analysis of money supply in the broad sense (M2) was uttered, decline in demand for financing and lending rates are still quite high into the major factors hindering the growth rate of new loans during the quarter III 2016. in addition, increased financing risk is also a major factor slowing credit growth.
on Consumer credit, slowing growth in demand for new loans occurred in virtually all types. Outstanding deceleration reflected slowing loan growth in the third quarter of 2016, including housing loans.
During the second quarter 2016, demand for new loans KPR / KPA grew only by 34.2%. Fallen considerably in comparison with the previous quarter at 46.3%. Even compared to the same period in 2015, with credit still grew 36.6%, the share of growth also lagged.
In fact, in the Survey of Residential Property Price Market Primer III quarter 2016, growth in sales of residential property in the third quarter of 2016 increased compared to the previous quarter, from 4.02% (qtq) to 4.65% (qtq). The increase in sales occurred in all types of housing, especially small type in line with the housing program’s launched by the government.
The high sales of low-cost housing is in line with the growing realization of the Housing Finance Liquidity Facility (FLPP) in the third quarter of 2016, which amounted Rp3,02 trillion, an increase over the same period in the previous year.
Furthermore, BI find mortgage facilities despite the fact remains the top choice in the transaction of purchase of the property, but the portion is lower than the previous period. The survey indicates that most consumers (74.77%) still chose mortgages, although the proportion decreased compared to the previous period (75.68%).
The proportion of consumers who choose a cash payment scheme steps of 17.62%, an increase compared to the previous quarter (16.44%). For information, mortgage interest rates provided by the banks, especially state-owned banks ranged between 9% -12%.
Research also explains the decrease in the distribution of mortgages and KPA in the third quarter 2016 amounted Rp352,65 trillion or decreased compared to the same period of the previous year before.
Executive Director of the Communication Department of Bank Indonesia, Tirta Segara, explained the position of total loans disbursed by banks till the end of September 2016 stood at Rp 4.243 trillion, up 6.4 percent (yoy) but lower than in August 2016 that grew by 6.8 percent (yoy).
“in fact, interest rates on loans and bank deposits back down in September 2016. in line with the easing of monetary policy,” he said. (MPI digital version can be accessed via: http://ift.tt/2ewFNxN) More practical and more economical.
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