Property Cycle 2014-2016 Similar Psychosomatic Illness


JAKARTA, KOMPAS.com – Slowing economic growth in the property sector emrambat occurred since 2014 until this year.

The volume of housing transactions, mainly to the property reserved for the upper middle class, not as big as in 2012-2013.

“We see it this way, the property industry experienced a slowdown in 2014 as people are psychosomatic. the pain of his mental not sick, “said Country General Manager Rumah123.com Ignatius Untung during a meeting with the media in his office, Jakarta, Tuesday (11/22/2016).

He said, compared to the era of 1998, the weakening economy as a sick person because of his physical is impaired. Fundamental state when it is “sick” so many projects are stalled.

While the cycle of “pain” property sector that occurred in 2014-2016, due to a loss of public confidence in the market.

According to Untung, if the property sector is weakening as the economy goes down, down to the middle of residential definitely affected too. However, this does not happen in the next two years.

“This property is down even kenceng, but that is up to stagnate. Because, who understands the economy of the upper middle class,” said Lucky.

the economic conditions, he said, only affected by the upper middle class who choose to think to spend their money in the property sector.

They are worried that if the money spent on the property now, will not be able to have payments at a later date .

” ‘How to cure mental illness there are 2 of the doubt is eliminated or increased confidence,” said Lucky.

He added that Indonesia’s economy is actually not really “sick”. On the other hand, the government is also actively make efforts and give birth to new regulations in order to increase growth.

Therefore, Lucky believe in the near future property sector could grow again.

“The confidence must be raised , property players must rise together, “he said.

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