Why Don't People Buy Houses?

24/02/2017 17:20 WIB
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Survey on Reasons Why Indonesian Citizens Do Not Purchase Homes from Rumah.com
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The majority of Indonesians claim they are not ready to buy property. According to the results of the *Property Affordability Sentiment Index*, 45 percent of respondents cited this inability as the reason for not purchasing a home.

Furthermore, price is another consideration for Indonesians when buying property. The excessively high price of property is a reason for them not buying a house. Others feel that they have enough with one property and do not need to add more.

The *Property Affordability Sentiment Index 2016* is an annual survey conducted by Rumah.com in collaboration with the Singaporean research firm Intuit Research. This survey was conducted in November-December 2016, involving 1,030 respondents in Indonesia.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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