Property Prices in Surabaya, Indonesia

Index Info
Price to Income Ratio: 24.05
Mortgage as Percentage of Income: 275.36%
Loan Affordability Index: 0.36
Price to Rent Ratio - City Centre: 26.27
Price to Rent Ratio - Outside of Centre: 24.76
Gross Rental Yield (City Centre): 3.81%
Gross Rental Yield (Outside of Centre): 4.04%
Rent Per Month
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Apartment (1 bedroom) in City Centre 3,610,764.38 Rp 3,000,000.00-4,286,115.00
Apartment (1 bedroom) Outside of Centre 2,449,008.21 Rp 2,000,000.00-3,000,000.00
Apartment (3 bedrooms) in City Centre 10,642,857.14 Rp 8,000,000.00-15,000,000.00
Apartment (3 bedrooms) Outside of Centre 7,026,852.50 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 2,474,686.15 Rp 1,393,534.00-3,716,090.67
Price per Square Feet to Buy Apartment Outside of Centre 1,557,508.92 Rp 1,300,631.74-1,990,949.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,511,163.06 Rp
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.83 7.00-10.00

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

Sources and References
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