Bali economic slows, property sales down to 70 % – Based on Bali.tribunnews.com , Admitted the property sector in Bali is declining very sharply due to the impact of the current economic slowdown.
I Gusti Made Aryawan, Chief of DPD REI Bali ( real estate association ) said ” The property sales on Middle up class there were slow down to 70% , and the property sales on middle down class slow down to 30%”
Bali economic slows, property sales down to 70
The property sales down already start at 2014 . And today 2017, is still not move specially on middle up class. Bali economic slow in the middle of 2017 because of the school holidays, the Galungan and Lebaran days, so that the people does’n have any thinking to buy a property in Bali.
Sources : Bali.tribunnews.com
Beside that , our national economic become the best fourth in the world with GDP $ 2,5 trillion . This is inversely on property sales in Bali.
In my opinion , Jokowi as Indonesia president has a new rule to catch all the corrupt people on the governments works.
Before 2014 Bali become the best investment on property, to clear the dirty money ( money laundry ) , but today Jokowi has turn off the corrupt pipe …
Wait and see , is the better way for investors. This is will be difficult to rise up until the end 2017. I hope with Tax amnesty rules, can reform the property sales in Bali.