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Indonesian home prices will see strong growth in 2022 and 2023, financial intelligence firm Moody’s Analytics has predicted, following a long period of muted growth exacerbated by the COVID-19 pandemic.
Moody’s expects the country’s home price index to grow 5 percent next year and 6 percent in 2023. This year, the index is expected to post only about 1.5 percent growth.
This year, the country’s home price index will fall below the 4.42 percent average growth among selected Asia-Pacific countries, but the index is expected beat the forecast regional averages of 3.45 and 3.64 percent growth for 2022 and 2023, respectively.
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