Boom in Jakarta: Luxury Real Estate Increases

If you are pondering the idea of purchasing a luxury property, Jakarta is the city  to look out for . In the past year this city has seen its prices increase in an exponential manner, reaching a boost of 37.7%.

Boom in Jakarta: Luxury Real Estate Increases

This immense growth rate is connected to the affluent economy of the city, an impressive boom has occurred in the past couple of years.  Subsequently, a  great number of successful new businesses have launched in this Indonesian city . This incredible development in the economy has led to the existence of a substantial affluent class, with a continuous search for luxury solutions, in order to flaunt their riches.

Boom in Jakarta: Luxury Real Estate Increases

Real estate is without a doubt a promising option for investments. Especially now, considering the extremely positive reality in Indonesia. This could lead to an important investment capital in a considerably short space of time.

Boom in Jakarta: Luxury Real Estate Increases

Jakarta is at the top of the list,  of such a classification, and it is closely followed by Dublin, Beijing, and Dubai. Whilst the mentioned cities enjoy a thriving economic situation, Dublin is amidst a moment of crisis, as in general is the rest of Europe.

Boom in Jakarta: Luxury Real Estate Increases

For now, considering that Jakarta will be busy with presidential and parliament elections, it is necessary to see the outcome of the political decisions made. This could revolutionize the real estate market, similar to Singapore and Hong Kong. In which case, respective governments blocked the absurd soar in prices to avoid the alleged asset price bubble.

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