The real estate sector in Indonesia is expected to grow substantially during the coming years. The latest statistics showed that prices of the housing industry in Indonesia rose by 0.42% when compared to those of the preceding quarter.
The real estate industry in Indonesia has benefited from an increase in property prices in 18 major cities. The Indonesian government has done much to support the growing population but has not always been able to keep pace with the demand for the 40,000 homes that are required yearly. Furthermore, many of Indonesia’s millennials cannot afford to buy houses in urban areas. These are just some of the issues the real estate agency business in Indonesia today.
Reasons to Start a Real Estate Agency in Indonesia
The increasing strength of the Indonesian economy and the increase in the number of middle-income people have made homeowners and commercial owners desire to find the perfect spot to reside or start their company. There are also several other reasons why one should start a real estate agency in Indonesia.
1. Increased demand for residential properties
The country has witnessed much growth in the real estate market over the last year, thus leading to many properties to be built in Indonesia. One can either analyse the portfolio of real estate agents themselves or use the services of an experienced agent who knows much about the Indonesian property market before entering the real estate industry in Indonesia.
2. Large consumer base
Another reason to start a real estate agency in Indonesia is due to the fact that the country has an enormous customer market. The country is home to one of the world’s largest populations. Furthermore, the growth of the industry has also made people interested in opening real estate agencies.
Indonesia is becoming one of the economic powerhouses of the Asia-Pacific region. Therefore, careful investments in this market will be likely to turn a profit. Astute buying and selling of real estate properties will provide immense benefits to brokers and investors alike.
3. On-route to being a housing & commercial hub
Indonesia is expected to become a housing and commercial hub which will rival other Asian countries such as China and India. For this reason, many international real estate agencies companies are interested in commencing business operations in Indonesia. These entries will not only prove helpful for investors but also the country’s real estate agencies as a whole.