Bali property Economic decline at first phase of 2015

The economic growth in Bali getting not well today – Bali property Economic decline at first phase of 2015. At the beginning of 2015 on January, Indonesia economic as a national ratio getting slow, rate ratio decline at 4,71% . that is most low than last year at 2014 on the same phase. In Bali also get the impact , the rate ratio decline at 6,20%, this is most low than last year at 2014 with economic rate to 6,50 % .

Bali property Economic decline at first phase of 2015

Bali property economic getting unstably. the industrial sector faced increased costs of production and market sluggishness, as well as the construction business field. Luckily, the growing field of business categories providing accommodation eating and drinking which is the main industry categories province of Bali is still able to grow a stable and withstand a deeper slowdown.

At the Bali property economic also get the impact as well, the residential price also getting worse and no local people are want to buy a property residential to secure their money. Some of the factors that cause the increase in the primary residential property price growth in the period from the first quarter of 2015, is the increase in fuel prices, rising construction materials and wages of workers.

Bali property Economic decline at first phase of 2015
Bali property Economic decline at first phase of 2015

Meanwhile, the annual growth of primary residential property prices in the quarter also showed a slowdown, the rate ratio start from 3.78 percent during the fourth quarter of 2014, fell to 3.12 percent in the period from the first quarter of 2015. When viewed by type of housing, a slowing rise in prices of almost occurred in all types of homes, except for the type of large homes are still growing high of 4.69 percent.

I still predict that Bali property economic will growth rapidly at last quarter or second phase of 2015. It will be growth up at the end of this year. Let’s make Bali property economic goes up again and we can do little business on this island as well. Bali property Economic decline at first phase of 2015 sources at Viva.co.id

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