Property Prices in Surabaya, Indonesia

Index Info
Price to Income Ratio: 21.62
Mortgage as Percentage of Income: 223.59%
Loan Affordability Index: 0.45
Price to Rent Ratio - City Centre: 32.60
Price to Rent Ratio - Outside of Centre: 32.69
Gross Rental Yield (City Centre): 3.07%
Gross Rental Yield (Outside of Centre): 3.06%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,975,000.00 Rp 1,800,000.00-5,500,000.00
Apartment (1 bedroom) Outside of Centre 2,632,883.33 Rp 2,000,000.00-3,500,000.00
Apartment (3 bedrooms) in City Centre 7,500,000.00 Rp 4,500,000.00-16,000,000.00
Apartment (3 bedrooms) Outside of Centre 5,050,000.00 Rp 2,800,000.00-10,000,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 2,683,726.82 Rp 1,625,789.67-4,945,908.84
Price per Square Feet to Buy Apartment Outside of Centre 1,796,110.49 Rp 1,207,729.47-2,322,556.67
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,575,000.00 Rp
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 8.40 6.00-8.50

These data are based on 60 entries in the past 18 months from 11 different contributors.
Last update: May 2024

Sources and References
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