Property sales in Indonesia fell in early 2014 , following the movement of the property market cycle showed a rapid decline after an increase in the purchase of property in previous years .
" Property sales beginning in 2014 slumped 49 percent , " said Director of Indonesia Property Watch ( IPW ) Ali Tranghanda in a written statement received by AFP on Tuesday .
According to him , since the beginning of 2013 it had predicted a slowdown in the property and housing market in 2014, following the already high price of the property .
Ali Tranghanda found a weakening property market saturation due to enter the market in early 2014 .
" Market cycle that occurs is a normal movement cycle after growth in property prices peaked in the second half of 2013 , " said Director of Indonesia Property Watch .
He also warned that the price of land in several housing projects or growth slowdown relatively low at 20-25 per cent and is predicted to continue slowing one - two years ahead .
Previously , Indonesian property sector sales in 2014 is expected to slow as the macro economic conditions will improve , said Managing Director of Corporate Strategy & Services Sinar Mas Land , Isaac Chandra .
" Sales will slow in 2014 due to a variety of factors , " said Ishak Chandra in Jakarta , Monday ( 10/3 ) .
According to Isaac , a number of factors that led to the slowdown in 2014, partly because the policy " loan to value " ( LTV ) of Bank Indonesia as well as the general election ( election ) .
But he also pointed out that in terms of the macro economy , Indonesia is going to continue to improve with growth in excess of five percent .
Though only a few states that the estimated rate of economic growth will be able to surpass Indonesia in 2014 as China and the Philippines .
He said other indicators show that the economy is improving is the growth of Gross Domestic Product ( GDP ) of 5.5 to 5 , 9 per cent in 2013 to 5.8 - 6, 2 percent in 2014 .
A number of other indications that the economic recovery is going to show that inflation is expected to decline from 9.8 percent in 2013 to 4.5 percent in 2014 , and interest rates are forecast to decline from 7.25 percent in 2013 to 5.5 percent in 2014 .
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