THE EFFECT OF MONETARY POLICY ON REALESTATE PROPERTY PRICE GROWTH IN INDONESIA

• Main Author: Safirah
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/75981
• Institution: Institut Teknologi Bandung

The Property Real Estate Industry (REP) has a positive impact on the Indonesian economy. The decrease in demand for REP due to the pandemic has resulted in the price of commercial Real Estate Property Growth (GREP) experiencing slow growth. This prompted research to determine the effect of monetary policy on GREP as measured by Interest Rates (SB), Money Supply (PU) and Inflation (I). This study used a purposive sampling technique, a sample of 32 samples from the data which was obtained through secondary data from 2015 to 2022. In analyzing the research data, researchers used multiple linear regression and obtained a finding that Monetary policies SB, and I have a significant influence of 62,10% on GREP. This research has important implications for the government to be able to regulate interest rates, money supply and inflation because these three monetary policy indicators affect the growth of Real Estate Property (REP) prices which will determine Growth Real Estate Property (GREP) in the future. Therefore, in facing VUCA, this research will benefit the real-estate developers and the REP sector as whole to remain accustomed with the developing policy in real estate as GREP investment behavior, and market dynamics may be significantly impacted by changes in interest rates and regulatory frameworks. However, this research examines Growth Real Estate Property (GREP) on price growth of commercial Real Estate Property (REP) covering offices, shopping centers, apartments, hotels and industrial land. Further research is expected to examine other indicators such as monetary policy, people's income levels with Growth Real Estate Property (GREP).