Macroeconomic Determinants of Property Industry Performance in Indonesia

Yudi Pungan; Diana Beatris; Arniwaty

doi:10.59890/ijbmp.v4i2.231

Authors

Yudi Pungan Faculty of Economics and Business, Universitas Palangka Raya
Diana Beatris Faculty of Economics and Business, Universitas Palangka Raya
Arniwaty Faculty of Economics and Business, Universitas Palangka Raya

DOI:

https://doi.org/10.59890/ijbmp.v4i2.231

Keywords:

Inflation, Interest Rates, Property Industry, Macroeconomic Factors, Indonesia

Abstract

The property industry plays a strategic role in Indonesia's economic development and is highly sensitive to changes in macroeconomic conditions. This study examines the effects of inflation and interest rates on property industry performance in Indonesia using a quantitative approach and multiple linear regression analysis. Secondary data covering the 2015–2024 period was obtained from Bank Indonesia and Statistics Indonesia (BPS). The findings reveal that both inflation and interest rates significantly influence property industry performance individually and jointly. Inflation reflects changes in property prices and production costs, while interest rates affect investment decisions and financing accessibility. The regression model explains a substantial proportion of industry performance variation. These findings provide practical implications for policymakers, investors, and property developers in designing adaptive strategies under changing macroeconomic conditions.

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