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Property Market Profile

The country's property market is dominated by the capital city, Jakarta, which accounts for around 50% of all property transactions in Indonesia. However, other major cities such as Surabaya, Bandung, and Medan are also experiencing significant growth in the real estate sector.

Foreign investment has been a key driver of growth in the Indonesian property market. The country's open economy, favorable investment climate, and large population make it an attractive destination for real estate developers and investors. However, government policies regarding foreign ownership of property can be complex and restrictive.

The most popular types of properties in Indonesia are apartments, condominiums, and landed houses. There is also a growing demand for office and commercial space as Indonesia's economy continues to expand.

Despite the strong demand for property in Indonesia, there are some challenges facing the market, including infrastructure issues and a shortage of skilled workers. However, the government is taking steps to address these challenges and promote further growth in the real estate sector.