Homeownership in Indonesia Sharply Increases After Pandemic

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Cindy Mutia Annur 25/08/2023 19:34 WIB

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Homeownership in Indonesia surged sharply after the Covid-19 pandemic.

Percentage of Households with Homeownership (2012-2022)

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Homeownership in Indonesia Sharply Increases After Pandemic

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Percentage of Households with Homeownership (2012-2022)

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Homeownership in Indonesia surged sharply in the post-Covid-19 period (2020-2021) leading up to 2022. This is based on data released by the Central Bureau of Statistics (BPS).

BPS defines owner-occupied housing as a residential building owned by the head of the household or a member of the household, including those purchased through bank installments or lease-to-own schemes.

In 2022, the percentage of households owning their own homes reached 83.99%—the highest in the last decade. The 2022 ownership percentage also surpassed the 2021 figure of 81.08%.

In 2020, the first year of the Covid-19 pandemic, the percentage of households owning their own homes was 80.10%, only slightly higher than the 2019 figure of 80.07%.

The increase in homeownership in Indonesia is attributed to several government stimulus packages implemented since the pandemic, including discounts on value-added tax (VAT) for home purchases.

Regionally, West Sulawesi had the highest national rate of homeownership in 2022, reaching 92.51%.

Conversely, DKI Jakarta had the lowest national rate, with only 56.13% of households owning their homes last year.

Disclaimer: This article has undergone several revisions, including a correction to the 2020 data from 80.01% to 80.10% on Wednesday, May 29, 2024, at 4:28 PM WIB.

Editor : Erlina Fury Santika

"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."