Property Prices in Surabaya, Indonesia

Index Info
Price to Income Ratio: 24.11
Mortgage as Percentage of Income: 259.05%
Loan Affordability Index: 0.39
Price to Rent Ratio - City Centre: 34.68
Price to Rent Ratio - Outside of Centre: 28.71
Gross Rental Yield (City Centre): 2.88%
Gross Rental Yield (Outside of Centre): 3.48%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,448,383.86 Rp 2,500,000.00-5,000,000.00
Apartment (1 bedroom) Outside of Centre 2,286,287.90 Rp 2,000,000.00-3,000,000.00
Apartment (3 bedrooms) in City Centre 8,688,611.18 Rp 5,000,000.00-12,000,000.00
Apartment (3 bedrooms) Outside of Centre 6,068,989.95 Rp 4,000,000.00-10,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,860,400.82 Rp 1,625,789.67-4,435,417.84
Price per Square Feet to Buy Apartment Outside of Centre 1,614,682.33 Rp 1,300,631.74-1,884,303.55
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,995,782.87 Rp
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.94 7.00-10.00

These data are based on 76 entries in the past 18 months from 13 different contributors.
Last update: August 2022

Sources and References
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