Forecasts indicate that Indonesia will continue to grow and surpass 77 billion U.S. dollars in residential real estate transactions by 2028, making it one of the top countries with the largest value of residential real estate transactions. The performance of this booming market has also been aided by the steady decline in mortgage interest rates following the COVID-19 outbreak. With over 270 million inhabitants, the country ranks fourth in the globe in terms of population. Rapid urbanization is also driving up demand for residential real estate throughout the archipelago. Indonesian Homeownership Just about 5% of Indonesian households live in rental dwellings, making house ownership the predominant housing type in the country. In spite of this, the nation is still facing an approximately 13 million unit housing shortage in 2023, which primarily affects low-income household. Certain provinces have higher percentages of slums than others due to uneven development throughout the archipela...
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