29.10.2010 - Indonesia’s housing market remains weak

From Globalpropertyguide.com: High mortgage rates and foreign ownership restriction have hampered the growth of Indonesia’s housing market. In Q2 2010, house prices in the 14 cities in Indonesia were up 2.89% over the year, in nominal terms, according to the Residential Property Survey of the Bank of Indonesia. When adjusted for inflation, house prices were actually down 1.42% from a year earlier..............................................Full Article: Source

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