BI: Young people become major contributors to KPR's growth

JAKARTA, KOMPAS.com – The Bank of Indonesia reports an increase in the number of debtors aged 26 to 35 who dominate the growth of mortgages (KPR).

Growth of debtors aged 26 to 35 years tread type 22 to 70 square meters flats 22 to 70 square meters, and type of apartment 21.

"There is a change in behavior mortgage debtors in some types, namely the young debtor dominates mortgages for the type of imprint 22 to 70 square meters, flats 22 to 70 square meters and flats less than 21 square meters, "said the Assistant Deputy Governor of the Department of Macro-prudential Policies of the Indonesian Bank Fillianingsih Hendarta in Jakarta, Mon (07/02/2018) 19659003] Specifically, the share of 22-70 square meters of tread-type houses from 26 to 35 years continues to increase from 2014 to 2018. As for the percentage of house debtors type 22-70 meters The square of 26 to 35 years old is between 35 and 50% of total mortgage debtors. 9003] As for the flat or flat type 22-70 square meters, in 2018, debtors aged 26 to 35 years began to dominate the market. The percentage of the debtors of all ages mortgage borrowers is 35 percent.

Fillianingsih rate, this increase is due in the range of 25 to 36 years usually a person begins to have needs of first home

He is no longer the first debtor at home in general ",

In this age group, most people do not buy a house because of the first house, but rather the investment

Loan To Value (LTV) to stimulate growth in the real estate sector.By this easing, banks are free to set the LTV ratio / property finance for the first type of facility.

This relaxation policy will take effect on August 1, 2018.