Property Prices in Surabaya, Indonesia

Index Info
Price to Income Ratio: 24.80
Mortgage as Percentage of Income: 277.35%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 26.95
Price to Rent Ratio - Outside of Centre: 25.33
Gross Rental Yield (City Centre): 3.71%
Gross Rental Yield (Outside of Centre): 3.95%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,565,245.71 Rp 3,000,000.00-4,356,720.00
Apartment (1 bedroom) Outside of Centre 2,334,795.00 Rp 1,500,000.00-3,000,000.00
Apartment (3 bedrooms) in City Centre 10,310,915.00 Rp 7,987,320.00-15,000,000.00
Apartment (3 bedrooms) Outside of Centre 7,038,620.00 Rp 4,500,000.00-12,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,479,284.91 Rp 1,393,534.00-3,716,090.67
Price per Square Feet to Buy Apartment Outside of Centre 1,563,027.44 Rp 1,300,631.74-2,023,745.82
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,386,982.22 Rp
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.50 7.00-10.00

These data are based on 80 entries in the past 18 months from 14 different contributors.
Last update: July 2021

Sources and References
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