Property for sale in Indonesia
Indonesia is a Southeast Asian nation with thousands of volcanic islands and it is home to hundreds of ethnic groups speaking a variety of different languages. It is known for its beaches, volcanoes, Komodo dragons, elephants, orang-utans and tigers. On the island of Java lie the immense and lively Jakarta, the capital and the city of Yogyakarta, known for gamelan music and traditional puppet shows.
The country shares land borders with Papua New Guinea, East Timor, and the eastern part of Malaysia. Other neighbouring countries include Singapore, Vietnam, the Philippines, Australia, Palau, and India’s Andaman and Nicobar Islands.
The Indonesian real estate market is very interesting and the forecasts for 2020 are very positive. If you are interested in property for sale in Indonesia you have to evaluate many factors.
Now more than half of the population lives in urban areas where 75% of GDP is also produced. The Jakarta metropolitan area including adjoining cities like Tangerang, Bogor, Bekasi are undoubtedly the first access point and the best places to look for properties for sale in Indonesia.
But a myth to be debunked is that the market focuses everything there. There are other cities, called citycluster, such as Subaraya (5 million inhabitants), Bandung (6 million inhabitants) and Samarang (1.5 million) in the island of Java, which is also the most densely populated and where there are interesting properties for sale. Medan (4 million), Pekanbaru (900 thousand inhabitants) Palembang (1.4 million) respectively in the north, in the center and south of Sumatra, Batam (1.5 million) on the homonymous Island near Singapore, Makassar (1.3 million ) in Sulawesi and Balikpapan in Borneo (800 thousand inhabitants) are other areas where the real estate market is booming and the offer of property for sale is very wide. And urbanization is growing. In 2030 it is estimated that 86% of the population will live in cities.