Denpasar – Bank Indonesia (BI) projects a property sector in Bali province squirm a chance to grow in 2017 in line with economic growth projections island that grow 6.2 to 6.6 percent, higher than in 2016 amounted to 6.1 to 6.5 percent.
“forecast continued high economic growth in Bali is an opportunity for the property sector ahead to continue to grow and develop,” said Chief Representative of Bank Indonesia’s Bali province, Causa Faith Karana after opening a seminar titled “scramble Bali Property 2017” in London on Tuesday ( 6/12).
He also hoped that the property sector was also developed to an alternative location in Bali, which have hitherto not fully reached by developers.
According to him, based on a survey of residential property prices (SHPR) Secondary in the third quarter of 2016, showing an increase in house prices in the secondary market were higher, both for the home medium and large type houses. The increase has occurred, he added, after the previous period growth.
“With the increase in home prices in the secondary market has started increasing demand indicates the volume of homes on the secondary market potential will also encourage an increase in the primary market,” he said.
Of Primary HPR survey that has been conducted on an annual basis showed property prices of primary (new home) in the third quarter of 2016 showed a slowdown.
condition is reflected in the growth of a primary residential property price index 0.73 percent in the third quarter of 2016 was lower than the second quarter of 2016 grew 1.48 percent. Slowing price in the primary market due to, among others, the relatively high house prices in the primary market.
BI, says the man who is familiarly called Pak Cik, it has been trying to encourage the development of the property sector through relaxation of the provisions of loan to value (LTV) and financially to value (FTV), which is ratio to determine how large a loan that can be given to the debtor by assets pledged as collateral.
Additionally bkebijakan BI start lowering its policy rate from January 2016 to September 2016 expected to be able to lower banking costs that were ultimately able to lower bank lending rates (including mortgage rates) and be able to encourage the growth of KPR distribution.
/ FER
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