JAKARTA – Some experts predict that the property market is growing slowly in 2017. This is due to global and national economic conditions are not improved and people’s purchasing power to stagnate.
Vice President Chief Economist of Bank Mandiri Dendi Ramdani, said during the 2016 Indonesian macro economic conditions have not improved fully from the slump a year earlier. Meanwhile, said Dendi, fiscal policy has a direct impact on the property sector benchmark interest rates and remission of taxes (tax amnesty).
“Repo rate is down a few months ago. Unfortunately, based on historical data, its impact can be felt after 6-9 months,” said Dendi in Jakarta, recently.
Meanwhile, Dendi said that although there are no signs of economic growth in this year, but consumer confidence (consimer confidence) to purchase the property has not decreased. It also will berpengarun on purchasing power.
“If they believe the economy will improve, they will spend the money on the property although there are still some global risk,” he said.
Consumer Director of the State Savings Bank (BTN) Handayani, said that in the past year, banks are recovering assets, is also preparing a credit product (mortgage) which can help people to have a shelter.
Although economic conditions have not been well improved, said Handayani, but people still love this type of real sector investments such as property.
“In addition, the housing market still has potential, mainly due to a backlog still big,” he said.
Laila Ramdhini / EDO
Investor Daily
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