Harga Properti Residensial Da N Kredit Perbankan Di Indonesia; Analisis Agregat Dan Dis-Agregat

Setianto, Rahmat Heru

doi:10.25124/jmi.v15i1.391

Cited by 3 publications

(6 citation statements)

References 6 publications

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“…With the diminishing number of transaction, the demand on housing credit would also decrease. Research [5] tests the relation between interest rate and housing credit show that there is indeed a particular connection. When interest rate increases, the people would choose to save money rather than making investment or consumption.…”

Section: Relationship Between Macroeconomy Property Price and Propementioning

confidence: 99%

“…The demand on property mortgage and HM proportion would also rise. In other words, GDP has a negative relationship with property mortgage [19] [5]. When inflation inclines, market share on new loan with a high interest rate would drop, because the borrower would choose a more affordable loan.…”

Section: Relationship Between Macroeconomy Property Price and Propementioning

confidence: 99%

“…In other words, the increase or decrease in HM proportion is adjusted with the current macroeconomic condition. HM fluctuation is related to Gross Domestic Product (GDP), inflation [3], interest rate [4], and property price [5]. Rising GDP level will result in a rise on HM proportion vice versa.…”

Section: Introductionmentioning

confidence: 99%

“…On the other side, the rise of inflation will cause the HM proportion to decline [3]. The rise of interest rate as well as the rise of property price will cause in a declining HM proportion [4] [5]. This shows that the changes in GDP, inflation, interest rate, and property price are complementary with the amount of HM.…”

Section: Introductionmentioning

confidence: 99%

“…Residential Property Price Survey (RPPS} done by Bank Indonesia shows that the rise of RPPI would lower HM proportion [10]. A research done by [5] that applies cointegration test displays a relationship between property price and property loan. Therefore, this research aims to test the relationship between macro economy and property loan with HM proportion as its indicator.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

The Relationship between Macroeconomy and Property Price on Housing Mortgage in Indonesia

Anastasia¹,

Diyanto²

2019

Proceedings of the International Conference on Social Sciences, Humanities, Economics and Law

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The growth of housing mortgage (HM) value displays a flourishing annual trend in line with the number of house purchase using the named credit facility. The amount of HM given by the bank to the buyer is affected by macroeconomic condition. The high inflation rate causes the people's buying power to weaken and triggers the interest rate to drop. Buyer receives benefit in a condition of reduced HM cost, as well as in the contrary condition, causing the proportion of HM to go up. This research aims to examine the relationship between macroeconomic growths toward the proportion of HM in Indonesia. Macroeconomic variables reviewed are Gross Domestic Product (GDP), inflation level, residential property price, and interest rate. The research period extends between the years 2005-2016 through Auto Regressive Distributed Lag (ARDL) bound test model technique in order to see the relationship between each variable. As a result, the test reveals a significant long-term relationship between the variables of GDP, inflation level, and residential property price with the HM proportion. However, no relation is found between the amount of interest rate and HM proportion.

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Section: Relationship Between Macroeconomy Property Price and Propementioning

confidence: 99%

Section: Relationship Between Macroeconomy Property Price and Propementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

The Relationship between Macroeconomy and Property Price on Housing Mortgage in Indonesia

Anastasia¹,

Diyanto²

2019

Proceedings of the International Conference on Social Sciences, Humanities, Economics and Law

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The VECM implementation for measuring the impact of monetary variables on Indonesia Property Prices Index

Khoirudin,

Hari Adi,

Suharno

2024

Investment Management and Financial Innovations

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The basic human need for housing makes property investment safer than other sectors because demand tends to be stable despite changing economic conditions. The decision to invest is influenced by various aspects, including economic variables, including GDP, property credit growth, non-performing loans (NPLs), interest rates, exchange rates, and money supply, which are then examined for their influence on the Residential Property Price Index (RPPI) in Indonesia through this research using a Vector Error Correction Model (VECM) with quarterly data from 2003 to 2022. The findings show that GDP, interest rates, and money supply have a significant long-term impact on the RPPI. In the short-term, GDP and property credit growth have a negative impact on RPPI, while NPL and exchange rate do not. Causality tests indicate a bidirectional relationship between NPL and GDP with RPPI, with probability values exceeding 0.05. This study provides valuable insights into the monetary factors affecting residential property prices and suggestions for future research. AcknowledgmentThe authors gratefully acknowledge Ahmad Dahlan University for the support and facilities provided in conducting this research. They also greatly appreciate the academic resources that supported the data collection process and careful analysis of our findings. Besides, the authors express their gratitude to Bank Indonesia and Badan Pusat Statistik for their invaluable contribution to the data used in this research.

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Hubungan Indeks Harga Properti Residensial Dan Kredit Perbankan

Anastasia

Hidayat

2019

EKUITAS

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Demand and supply in housing market depends on macroeconomic conditions such as Gross Domestic Product, interest rates, and housing prices. Changes to these variables are related to changes in housing market. This study aims to examine the relationship of housing prices, Gross Domestic Product, mortgage interest rate to Banking Credit. Knowing the relationship will be useful in making strategic decisions related to property investment and portfolio management. Housing price using Residential Price Index in primary market will be grouped into three parts based on land area of residential property consist of small house type, medium house type, and big house type. Data processing using Auto Regressive Distribution Lag (ARDL) bound test model to test the relationship between variables. The result of the research shows that there is a significant long run cointegration on the variable of housing price, Gross Domestic Product, and mortgage interest to banking credit. Furthermore, in testing each housing price group, the test results also show the relationship between these variables.

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Harga Properti Residensial Da N Kredit Perbankan Di Indonesia; Analisis Agregat Dan Dis-Agregat

Cited by 3 publications

References 6 publications

The Relationship between Macroeconomy and Property Price on Housing Mortgage in Indonesia

The Relationship between Macroeconomy and Property Price on Housing Mortgage in Indonesia

The VECM implementation for measuring the impact of monetary variables on Indonesia Property Prices Index

Hubungan Indeks Harga Properti Residensial Dan Kredit Perbankan

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