IF The Pandemic is Over, Property Prices Will Increase Incredibly

IF The Pandemic is Over, Property Prices Will Increase Incredibly

Bisnis.com, JAKARTA – The property industry, especially housing, is predicted to accelerate rapidly after the Covid-19 pandemic is over.

CEO of Indonesia Property Watch (IPW) Ali Tranghanda said housing this year in the first quarter reached 50 percent, then in the second quarter it increased, and in the third quarter it returned to instability due to Large-Scale Social Restrictions (PSBB).

He assessed that people’s purchasing power is still there. This can be seen from the public’s interest in buying houses, lots of land and apartments.

“When relaxed, the property sector increased, then tightened, property fell. So, not only using digital marketing, but also needing to come to the field,” he said in a virtual discussion on the 2021 National Property Industry Awakening on Tuesday (12/22/2020).

Since the boom in 2009 to 2012, he continued, the property industry, especially housing, has experienced over value. Then in 2013 to 2020, the property sector did not experience an increase or experience long “leave”.

“It has been 7 years since the leave property has not increased. In 2019 it should have increased, but this year it fell due to Covid-19, but in terms of prices, it has experienced a new equilibrium point which was previously overpriced, so prices have decreased,” said Ali.

According to him, the current condition is the right time to buy for end users and investors. The reason is, if the government has carried out vaccinations and the pandemic is over, prices in the property industry will increase rapidly.

“At the end of 2021, property will only start moving. In 2022, property will start to accelerate. The pandemic is over, property points will rise. Prices will rise tremendously,” he said.

He is optimistic that property conditions will improve. Therefore, Ali emphasized that end users and investors should buy property during such conditions, not waiting for conditions to recover and prices to rise.

by Yanita Petriella – December 22th, 2020

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