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Prices for used houses in these two Jabodetabek cities are dropping

JAKARTA, KOMPAS.com – If Medan experienced an increase in the price of used houses, the decline occurred in two cities in Greater Jakarta, namely Tangerang and Bekasi.

Secondhand house prices in these two cities edged down by 0.3 percent and 0.2 percent respectively month-on-month (mom) or monthly.

This can be seen in the January 2022 Seken House Price Market Flash Report published by Rumah123 and 99.co.

In fact, three other cities in Greater Jakarta, namely Jakarta, Depok, and Bogor, experienced price increases of 0.4 percent, 0.6 percent, and 0.7 percent, respectively.

“Meanwhile, the two favorite areas for property seekers, Tangerang and Bekasi, actually experienced a price decrease of 0.3 percent and 0.2 percent respectively,” said Deputy CEO of 99 Group Wasudewan in a press release, Tuesday (22/2/2022). .

Price declines also occurred in other big cities on the island of Java, such as Semarang, Yogyakarta, and Solo.

Also read: Except for this city, the selling price of used houses in Jabodetabek has increased

The three cities experienced price declines of 0.4 percent, 1.8 percent, and 0.5 percent, respectively.

Meanwhile, Bandung and Surabaya experienced growth in used house prices by 0.2 percent and 0.1 percent, respectively.

Meanwhile, on an annual basis, Medan experienced a significant increase in the price of used houses secara year-on-year (yoy) or yearly.

It is known, in the Flash Report, the capital city of North Sumatra experienced a price increase of 15.6 percent compared to January 2021.

In the report, Rumah123’s team of analysts uses 13 cities spread across Java, Bali, and Sumatra as reference samples.

Regarding the supply volume of used houses, it has increased by 4.6 percent from January 2022 compared to December 2021 in the Used Home Supply Index123.

However, when viewed from a year-to-year comparison, the supply volume is 16.3 percent higher than in January 2021.

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