Indonesia real estate market — prices, rental yield and trend

• Average price: $1,864 / m²
• Gross rental yield: 3.78%
• 12-month price change (USD): -7.7%
• Net rental yield: 3.02%
• Transaction cost: 11.8%
• Bubble-risk band: elevated
• Price basis: national average

Residential property in Indonesia averages $1,864 per square metre — -7.7% in dollar terms over twelve months, so a dollar buyer pays less than a year ago. That makes it the 237th most expensive of the 264 markets in the set. In local currency the same twelve months read +0.7%; the 8.4-point gap is the exchange rate, not the housing market.

What a buyer pays in Indonesia

The $1,864 figure is a national average across all residential property types, which flattens a wide spread — the capital typically runs far above it and small towns far below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 11.8% of the price here. On a 100 m² apartment at the average price that is roughly $21,995 on top of the $186,400 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here. Of that, the transfer tax alone is 5%; the rest is notary, registration and agency fees. Inside Indonesia we also track Jakarta separately, where the average is $2,972 — 59.4% above the national figure.

What it earns

A square metre lets for about $5.9 a month. Against a purchase price of $1,864 per square metre that is 3.8% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 256th of 311 markets by gross yield. Rental income is taxed at 10–20% — the rate is not a single number here. That is the difference between 3% and 3.4% net on the same property. The 3% net figure we publish uses 20%. On the way out there is a third tax: a non-resident seller pays 2.5% on the gain.

How the tax works. 20% final withholding on the gross rent, with no deductions, for a non-resident without a permanent establishment (Income Tax Law art. 26). Owners who cross the 183-day residence threshold — common among Bali owners — fall instead under the 10% final tax of Government Regulation 34/2017, which is the lower end of the band. No tax treaty reduces the rate: art. 6 of the treaties gives Indonesia unlimited taxing rights over rent. Source: pajak.go.id / Ortax.

Where the price sits against its own history

Prices are -11.9% over five years and -9.6% over ten in local terms. Today’s level is within 7.6% of the country’s own long-run trend, so the price is close to where its own history would put it. Glopra’s bubble-risk score for Indonesia is 73 out of 100 — elevated risk. Of the 65 markets scored, 12 read higher. It combines the deviation from trend, price-to-income and the pace of recent growth — a warning light, not a forecast.

Indonesia house price index, 2016–2026 (2016 = 100)

Rebased to 100 in 2016, the index stands at 117.6 in 2026. The series is in local currency, and the twelve-month numbers above show how much of that a dollar buyer actually keeps.

Who can buy in Indonesia

No full ownership; right of use or leasehold. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Indonesia is built from asking prices from listings. It was last refreshed on 2026-10-29. We rate our confidence in this market’s data low — treat the figures as indicative and check them before acting. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: globalpropertyguide.com · bi.go.id · numbeo.com. Snapshot: 2026-10-29.