BI: House Prices in Q1 2026 Slow Down in 10 Cities
JAKARTA, KOMPAS.com - Bank Indonesia (BI) records that residential property prices in the primary market continue to grow in Q1 2026. However, house price growth is beginning to slow in several cities and across various housing types.
Bank Indonesia’s Residential Property Price Survey (SHPR) shows that the Residential Property Price Index (IHPR) for Q1 2026 stood at 110.60, representing a year-on-year (yoy) growth of 0.62 per cent, lower than the 0.83 per cent in Q4 2025.
“The Bank Indonesia Residential Property Price Survey (SHPR) indicates that residential property prices in the primary market are growing at a limited rate,” BI states in the Q1 2026 SHPR report.
“The IHPR for Q1 2026 was recorded at 110.60, growing by 0.62 per cent (yoy), lower than the 0.83 per cent (yoy) in Q4 2025,” the report continues.
The slowdown in growth is primarily influenced by medium and large house types. Medium-sized houses grew by 0.88 per cent (yoy), slowing from 1.12 per cent in Q4 2025.
Meanwhile, large-sized houses grew by 0.50 per cent (yoy), down from 0.72 per cent previously. Small-sized houses grew by 0.61 per cent (yoy), slowing from 0.76 per cent.
The slowdown is partly evident in Banjarmasin, which grew by 0.52 per cent (yoy), after 1.63 per cent in the previous quarter.
Meanwhile, house prices in Surabaya experienced a deeper contraction of 0.27 per cent (yoy), compared to a 0.04 per cent contraction in Q4 2025.
On the other hand, house prices in Padang and Balikpapan saw increases. Prices in Padang grew to 1.21 per cent (yoy) from 0.17 per cent previously.
Balikpapan increased to 1.44 per cent (yoy) from 0.43 per cent previously.
On a quarterly basis, the primary market IHPR for Q1 2026 grew by 0.04 per cent (qtq), slowing from 0.17 per cent in the previous quarter.
The slowdown was mainly driven by the growth in small-sized houses, which slowed to 0.06 per cent (qtq) from 0.28 per cent previously.
Meanwhile, medium-sized houses experienced a contraction of 0.01 per cent (qtq), down from 0.12 per cent growth in Q4 2025.
Large-sized houses grew by 0.06 per cent (qtq), lower than 0.17 per cent in the previous quarter.