Average price for minimal standard in Yogya is 25 times yearly salary for lowest type of housing estate divided by minimum wage - which is what most people earn if employed and not self-employed.
Rental yield is certainly less than 5% which is not understandable since it is a major hassle to buy property here - paperwork and actually insuring that the housing & land titles are actually legitimate!
Indonesian housing prices must be crazy, then!
ReplyDeleteAverage price for minimal standard in Yogya is 25 times yearly salary for lowest type of housing estate divided by minimum wage - which is what most people earn if employed and not self-employed.
Rental yield is certainly less than 5% which is not understandable since it is a major hassle to buy property here - paperwork and actually insuring that the housing & land titles are actually legitimate!